Hypersign: A new gateway to login and access management system for businesses to adopt
Why you should choose Hypersign for your data protection
1. Cost-effective
Today, so many companies will rather prefer to manage their own Identity Provider system (IDPs) than depending on a third party. This alone does not only give the company authority to control the data of employees but also permits them to dramatically cut the cost of password-less IAM solutions.
The major difficulty in disrupting the identity management business is to give a company “improved security” at an “affordable cost.” Although this is very straightforward to do from a technological standpoint, major businesses are attempting to consolidate power on the business side.
Besides, top companies that are concerned about their employees’ data cannot trust Facebook and Google, which give all authentication and authorization services for free but at the risk of violating user data privacy.
Current IAM solutions on the market, such as Okta, Keycloak, Auth0, and others, may cost upwards of $30,000 per year, which can be prohibitively expensive for small and medium businesses looking for reasonably secure but cost-effective IAM systems for their employees.
Furthermore, from the illustration above converting username and password-based legacy systems to passwordless solutions by incorporating a centralized 3rd party provider, such as FIDO, OTP, or similar, will not only increase the overall cost of an already expensive solution but will also increase the trust placed in these external entities.
Engaging in the Hypersign network would provide an organization with not only the chance to earn incentives as validators but also access to apps and tools for managing their workers’ identification and access control at a low cost. This makes it not just secure, but also less trustable and scalable.
Integrable
Hypersign allows enterprises to quickly deploy passwordless authentication. Enterprises that currently use centralized IAM solutions such as Okta, Keycloak, or Auth0 may use the Hypersign Adapter to give passwordless authentication to their workers without having to make any significant changes to their existing system.
Hypersign — Features & VP
The features & Value Preposition of hypersign includes;
- Passwordless
Goodbye to usernames and passwords. Hypersign issues cryptographic key pairs, thus there is no need for a login or password to gain access.
2. Say No to MFA
Questions regarding all three are answered by the Hypersign:
“What do I know?”: The mobile wallet’s private key storage.
“What do I have?” says the user, referring to his or her mobile device.
The biometric fingerprint answers the question, “Who am I?”
Hypersign solves all three questions, thus there’s no need to utilize any other component.
3. It’s simple to integrate with current IAMs.
Legacy centralized IAM systems may be readily linked with Hypersign to provide decentralized passwordless authentication solutions.
4. Cost-Effective
Hypersign, being a decentralized system, not only provides a secure and scalable IAM system but also significantly lowers the overall cost of IAM, making it suitable for all businesses.
5. One-click Registration and login
There’s no need to fill out registration paperwork using Hypersign. The ability to swiftly onboard an end user without requiring them to fill out a form is enabled by the exchange of verified credentials.
6. User-friendly interface
At the moment of login, there is no need to manually input any credentials such as username and password. A user may sign in by just scanning a QR code or pressing a button. Hypersign’s single-factor method improves usability even further.
7. Scalable
Service providers can use Hypersign to validate credentials without having to communicate with the IDP. This reduces the strain on the IDP system and makes the entire system scalable and flexible.
8. Minimal data exposure and partial data sharing
Hypersign allows end-user to communicate just the data that is necessary. An end-user can share only a portion of their data with a service provider. They don’t have to disclose all of the papers, and they don’t have to be concerned about data leaks.
9. Control & Consent
A user in the Hypersign ecosystem has complete control over his or her data. They gain the ability to save their credentials in user agents that are only accessible to them.
Furthermore, the end-user may choose with whom and to what degree they wish to share their data, and all of this is done with their permission.
Overall, hypersign also uses a Zero-knowledge proof, a concept from cryptography, an interactive method for one party to prove to another that a (usually mathematical) statement is true, without revealing anything other than the veracity of the statement. For instance, a service provider can validate a user, without revealing data about whether the user is a male or female, the age of the user, or where the user signed in from.
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