1Kosmos, the company that unifies identity proofing and passwordless authentication, announced it was recognized as a Blockchain Trailblazer in the 2023 Tech Trailblazer Awards. This independent awards program identifies the most innovative enterprise technology startups, concepts and individuals in the world. Winners were selected by a panel of leading IT industry experts and public vote.
“1Kosmos uses a private and permissioned blockchain at the core of its BlockID digital identity cloud service which unifies identity verification and multi-factor passwordless authentication,” said Hemen Vimadalal, CEO of 1Kosmos. “This gives users control over their data, while protecting their privacy, PII and digital identity. BlockID’s decentralized approach produces verified, tamper-evident digital identity and credentials on which businesses and individuals can rely with unmatched trust.”
1Kosmos BlockID steps enterprises into the digital future while solving current identity verification and passwordless multi-factor authentication (MFA) challenges. The BlockID platform not only eliminates the security/identity gaps in conventional MFA, but fundamentally erases the traditional compromise between security and convenience by delivering both without end user friction.
The 1Kosmos BlockID platform verifies user identity for straight-through onboarding of customers, workers and citizens. It creates a reusable digital wallet for high assurance authentication into digital services and instant validation of end-user qualifications, competencies, authority, and more. A unique privacy-by-design architecture centered around a private and permissioned blockchain eliminates centralized honeypots of end user personal identifiable information (PII), simplifying compliance to privacy mandates such as GDPR and providing organizations tamper evident verification to always know the identity behind devices accessing applications, data and services. BlockID has attained certification to NIST 800-63-3 and UKDAIF via Kantara, FIDO2 and iBeta DEA EPCS. It is delivered as a stand alone or embedded cloud service or via a managed service as a Credential Service Provider for residents.
1Kosmos enables remote identity verification and passwordless multi-factor authentication for workers, customers and residents to securely transact with digital services. By unifying identity proofing, credential verification and strong authentication, the BlockID platform prevents identity impersonation, account takeover and fraud while delivering frictionless user experiences and preserving the privacy of users’ personal information. BlockID performs millions of authentications daily for government agencies and some of the largest banks, telecommunications, higher education and healthcare organizations in the world. The company is funded by Forgepoint Capital and Gula Tech Adventures with headquarters in East Brunswick, New Jersey.
SOURCE: Businesswire