Sony to use blockchain in user authentication system

Tech giant from Japan shows its interest in blockchain technology
30 October 2017   1038

The Japanese tech giant Sony offered the use of blockchain technology when creating a system of multifactor authentication of users in the performance of certain transactions. The corresponding patent application was published on October 26 on the website of the US Patent and Trademark Office, CoinDesk reports.

The document describes the use of two separate blockchain-platforms, which interact with each other within the framework of the Multifactor User Authentication (MFA) system.

This principle assumes that the user, in addition to the login and password, must also enter additional code that is generated with each new entry to a particular site or platform.

According to the idea of ​​Sony developers, these codes will generate one blockchain platform, after they will be transferred to the second platform to confirm the user's identification data when attempting to commit a transaction.

Possible transactions, as they say in the application, include "transfer of assets and the generation of contracts."

DFINITY to Postpone Internet Computer Launch

The project is currently assessing the time frame for the completion of the MVP
14 December 2018   88

The blockchain project Dfinity reported in its blog postponing the launch of its main product.

Previously, Dfinity chief scientist Dominic Williams said that his company intends to create an “Internet computer that will become cloud 3.0”, compete with Google Cloud and Microsoft Azure, and also change the face of the blockchain industry.

According to him, the project team is developing a technology that has 150 higher performance than Ethereum blockchain and 900 times - Bitcoin. In essence, the project creates a “giant Internet computer”, whose work will be supported not by one company, but by all participants of the Dfinity protocol.

Initially, the release of a minimum viable product (MVP) was planned for the first quarter of 2019. However, according to company representatives, working on a trimmed version may slow down progress in creating a complete product.

The project is currently assessing the time frame for the completion of the MVP. Also, noted in Dfinity, before the end of the first quarter a new set of development tools (SDK) will be released, which will shed light on the future plans of the company.

In August, the Dfinity Foundation attracted $ 102 million of investments in the framework of a closed tokensale. Prior to this, at the beginning of the year, the Dfinity Foundation raised $ 61 million from Andreessen Horowitz and Polychain Capital.