Japan’s popular technology company Sony has filed a patent software for a Blockchain-based multi-factor authentication system. The electronics producer could use two special Blockchain systems alongside every other in the proposed consumer login system. Based on the patent software document posted by the United States Patent and Trademark office on October 26, one of the proposed Blockchain systems might create the authentication codes in order to be used by a consumer to gain access to an internet site or software when they enter their username and password.
Another Blockchain platform is accountable for receiving the codes to verify a consumer’s identification when they are trying to conduct a transaction via the platform. The possible transactions that may be conducted include information transfer, contract technology, and asset transfer.
Multi-factor authentication systems are security systems that require multiple approach of authentication. The systems work by offering customers with special credentials to log into an internet site or software. The idea at the back of the proposed systems is that even as a hacker might be capable of steal a consumer’s password, they won’t be able to gain access to the token as it will generate a special code for each login.
The multi-factor authentication system is only one of the Blockchain-based initiatives advanced by the technology giant. The organization is likewise developing an educational platform based on Blockchain in partnership with IBM. The platform, in order to be used to keep student information, is scheduled to be released in 2018. Sony additionally noted that it plans to explore different possible programs of Blockchain in different fields, such as supply chain and logistics, information control, in addition to different regions wherein the proposed intellectual property might be implemented.