1Kosmos

1Kosmos BlockID operates as a biometric-based identity verification and passwordless multi-factor authentication (MFA) platform. The company emphasizes privacy-by-design, utilizing a private and permissioned distributed ledger to secure data. The platform offers non-phishable multifactor authentication credentials for employees and provides customers with a passwordless option for robust authentication, aiming to prevent fraud. All personally identifiable information (PII) is encrypted using public/private key encryption, ensuring compliance with data privacy regulations and preventing exposure of PII. Key features of the 1Kosmos BlockID platform include live biometrics, machine verification of government credentials, a digital identity wallet, and a private, permissioned ledger for verified digital credentials. These features aim to bridge the identity gap in Single Sign On (SSO) and MFA, balancing security and convenience by reducing transaction friction while ensuring identity verification with each access or service request. The platform's architecture ensures an immutable chain of custody, providing tamper-evident digital identity and verified credentials for enhanced trust in the authentication process. Overall, 1Kosmos BlockID's operations focus on enhancing identity verification processes, minimizing fraud, and ensuring compliance with data privacy regulations within its industry.