Sony to use blockchain in user authentication system

Tech giant from Japan shows its interest in blockchain technology
30 October 2017   843

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."

'Kodak Miner' Turned Out to be a Scam

KashMiner by Spotlite USA was promoted as Kodak branded bitcoin miner 
17 July 2018   143

The KashMiner bitcoin miner, exhibited at the Kodak stand during the CES technology show in Las Vegas, was in fact a product designed to mislead potential consumers and with a potentially unattainable potential return. This is reported by BBC.

Spotlite USA is licensed by Kodak's lighting division, which allows it to use the famous brand in its products. In January 2018 the company introduced its miner and announced that it intends to lease it. According to its business plan, potential users had to pay a commission before getting the device. It was expected that after depositing $ 3,400, the customer will receive a device that will allow him to easily cover expenses and receive revenue from bitcoin mining.

However the company did not have an official Kodak license to use the brand in the production of mining equipment and initially overstated the indicators of the potential profit of its device, refusing to take into account the growing complexity and costs of bitcoin mining. The advertising materials reported that KashMiner brings $ 375 a month, which, subject to a 2-year contract, would allow the client to receive $ 5,600 of profit after paying a commission. Experts from the industry of cryptocurrency call this offer a scam.

There is no way your magical Kodak miner will make the same $375 every month.

Saifedean Ammous


CEO Spotlite USA Halston Mikail previously reported that he plans to install hundreds of miners at the headquarters of Kodak. According to him, he already managed to place 80 miners there, but the Kodak spokesman denied this information.

While you saw units at CES from our licensee Spotlite, the KashMiner is not a Kodak brand licensed product. Units were not installed at our headquarters.

Kodak Spokesman

In a phone call with the BBC, Spotlite's Halston Mikail said the US Securities and Exchange Commission (SEC) had prevented the scheme from going ahead.