THE NEED FOR A BETTER IDENTITY MANAGEMENT SYSTEM IN A DIGITALIZED SOCIETY

“...one of the reasons why I got into the blockchain industry is essential to democratize, decentralize and bring back identity to the people that own it...”

In this extract from a fireside chat session with Blockchained India, Irfan Khan; co-founder of Hypermine tells us about his innovative idea to revolutionize the digital security and identity management space.

Mr. Khan is a professional in the digital identity management field, with ample years of experience from working for top governmental and corporate institutions. He intends to build a system that will not fight existing cybersecurity systems but will rather develop and work in tandem with them.
Thus, the idea for Hypersign, a subsidiary of Hypermine; an inclusive identity management system that will give its users full control over their identity, ease the bureaucracy, third party interferences, and vulnerabilities involved in the personal identity management sphere.

In the interview, Irfan recounts his terrible experiences with governmental agencies in charge of identity management as well as the gap between the centralized and decentralized identity management entities. He noticed that the major problem they face is the end-point security, particularly username and password management.
Therefore, Hypermine is built to facilitate a passwordless society. It is a form of authentication, authorization, and verification system that completely eliminates the need for usernames, passwords, and other social login procedures.

This innovative identity management infrastructure is not just applicable to humans but as well as to hardware devices, IoTs, autonomous devices that need to be integrated into the internet in order to function.
It will use a public key mechanism to seamlessly simplify the complications attached to personal identity management and accessibility, with the basis of the consumer's interest and security at heart.

Coming into existence about five years ago, Hypermine has made many waves as well as partnerships with various companies including Reefchain to bring; control, safety, and access of personal data to individuals in the global community.