Blockchain technology can be used for fake product detection, providing secure and transparent records of transactions to prevent fraud and counterfeiting.
Authentication is the process of verifying the identity of a user typically through a username and a password. In some cases, additional information may be required, such as a security question or a one-time code sent to a mobile device before being granted access to the system. Performing authentication is important to ensure that only authorized users are able to access a system that protects sensitive data and prevents unauthorized changes from being made. In some cases, authentication may also be used to verify a user’s identity, which is important when financial transactions are taking place or when sensitive information is being shared.
Two-factor authentication (2FA) is an additional layer of security that can be used to protect access to exchanges and digital currency wallets. 2FA requires users to provide two pieces of information in order to gain access to their wallets. The first piece of information is typically a password or PIN, backed up by a one-time code that is generated by an authentication app. On blockchains, authentication is done using a private key, which serves as an identification measure to prove ownership of a blockchain address. A private key allows users to access their accounts and sign transactions. Private keys are kept secret and should never be shared with anyone. Any type of authentication that has multiple stages should make it difficult for hackers to gain access to digital currency wallets.
While members of the crypto community are doubtful the lawsuit against Coinbase will be successful, it has sparked a conversation about the issues with SMS 2FA.4959
Zero-knowledge proofs are probabilistic assessments that take efficiency of portable digital identity solutions to the next level.4344
Cointelegraph spoke with Steven Vasilev, the co-founder of RTFKT, to learn more about how NFCs and NFTs can be used together to create better user experiences.2057
Former racing champion Vincenzo Sospiri said that this will allow them to monitor and ensure the quality of their car parts.5612
This blockchain platform produces certificates of authenticity for real-world items that use a luxury object's own biometric features.1827
This protocol allows internet users to secure their online accounts with two-factor authentication on the blockchain.2619
ICP-powered ORIGYN is leveraging blockchain and biometric technology to tackle the issue of counterfeit watches.4646
The digital NFT collective is expected to debut their pfp avatar collection, titled CloneX, later this month.3179
Cointelegraph spoke to Chris Le, the co-founder of NFT sneaker brand RTFKT Studios for an exclusive insight into the project’s vision and ambitions.15894
To stand out in a saturated market, NFT startups should focus on real use cases, according to COO at NFTY Labs, Titan Inc.7295
Designed in collaboration with British influencer Zuby, each piece is linked to the VeChain blockchain for “Proof of authenticity”.9971
Fujitsu has been working on blockchain-based digital identity tools since 2019.5033
A London-based blockchain startup Mattereum's Asset Passport goes live on Ethereum mainnet. Its goal is to provide authentication services for collectible items in order to combat counterfeits and provide investors with fractional investment opportunities.4106
Launched in May 2019, Salesforce’s Hyperledger-based blockchain platform will now be used to authenticate Lamborghini heritage cars.4286