Security of data is getting more and more important due to hacks and breaches happening in all parts of the world. Our data online is not safe enough.
Usernames and passwords today are not safe enough. Including private keys. You could easily be robbed off all your financial assets simply by clicking a phshing site. All these has shown that we need an extra layer of security to be safe online.
Using the blockchain, raindrop will create an authentication service that offers a clear-cut, immutable and globally viewable layer of security that verifies an access is coming from an authorised source to help prevent hacks, data theft and breaches.
Raindrop will solve these major drawbacks.
Financial platforms are warehouses for large quantities of private data. Ranging from government ID numbers to as low as transaction histories. Yet, they are not free from these hacks and breaches and the results are catastrophic.
Most financial platforms commonly utilize the micro-deposit to validate their clients account. It involves the bank sending small deposits of random amounts to the authorised owner of an account; and for the bank to verify that the user actually owns the said account, he or she has to relay the amount back to the platform and if it is a match, it is then validated and then authorization is granted to the user.
To get more information visit this site. https://www.hydrogenplatform.com