Our Most Popular Managed Services

If you need help deciding what services are best for your business let us know.


 Popular Services
 (347) 830-7322



Tekie Geek Blogs

Will Your Online Privacy Be Better Using Blockchain?

Will Your Online Privacy Be Better Using Blockchain?

Blockchain has been an especially hot topic as of late, especially with the recent meteoric rise in the value of most cryptocurrencies. With all the focus directed to Bitcoin, it is easy to forget that the blockchain has other uses - uses that are geared toward increased cybersecurity, transparency, and privacy.

The Sovrin Network
However, many companies haven’t forgotten, and have come together to form a nonprofit organization dedicated to creating a network that will enable far more secure online exchanges of information and credentials. This association, called the Sovrin Foundation, is working to create something called the Sovrin Network using blockchain technology.

This network would allow each user to maintain a digital wallet containing identification credentials, banking and other financial credentials, and even employment credentials or a company ID.

Their Mission
The Sovrin Foundation was founded in response to what many companies see as a fundamental flaw in the infrastructure of the Internet. After a year during which 2.9 billion records were compromised in assorted data breaches and cyberattacks, these companies have banded together to create an improved system for confirming one’s identity online that also limits the opportunity for identity-based cybercrimes.

In short, the intention is to create a standardized means of establishing digital credentials, as well as a method of verifying them as they are used. The Sovrin Foundation is leveraging blockchain technology in order to do so.

How Will It Work for the End User?
Of course, there is always the concern that people will be resistant to change, despite the benefits that this change will bring them. Furthermore, it isn’t very likely that the average layperson is suddenly going to come to the conclusion that they need to download an app that provides them with a secure online identity wallet.

That’s why organizations, like financial institutions and businesses, will be able to access these capabilities through QR codes and other, similar means of identification.

Using the blockchain, different institutions could securely contact one another in seeking out information about you, and the minimal amount of information needed to satisfy the inquiry would be shared. For example, if a user was trying to take out a bank loan and both the financial institution and their employer were a part of the blockchain network, the employer could confirm that the user meets the minimum income requirement for the loan without actually sharing the salary of the user.

In this way, the Sovrin Network would put the power to control their information back in the hands of the user.

But What If I Lose My Phone?
Let’s face it, you wouldn’t want to lose your actual wallet, never mind one that contains your entire digital identity - so what should you do if your phone is misplaced or stolen with credentials from the Sovrin Network on it?

The same thing that you should do if the same happened to your actual wallet - cancel your credentials and have new ones issued.

Is This Approach Really Better?
In so many words, yes. As a society, we are increasingly reliant on data and information to ensure our own security, and proceed with daily business as usual. Any means we have to make that security more reliable is something that we should consider.

What do you think about all this? Share your thoughts in the comments!

Technology Basics: CMS
Have You Implemented These Security Best Practices...


No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Wednesday, January 16, 2019

Captcha Image

Mobile? Grab this Article!

QR-Code dieser Seite

Tag Cloud

Phishing Software as a Service Company Culture Cloud Spyware tech support Flexibility Google Play Law Enforcement IT support NYC Vendor Scalability Business Computing Windows 10 End of Support Rental Service Social Powerful Technology Solutions Thank You Bitcoin Tip of the Week Augmented Reality Virtual Reality Browsers Staten Island computer support Text Messaging Multi-factor Authentication Lenovo Printing Service Level Agreement Piracy Information Technology Spam Legal Network IT Consultant Computer Malfunction Business Continuity Comparison Government Facebook Cybercrime Password G Suite Mobile Devices Workstations Applications Laptop IT consulting firms Hacking Multi-Factor Security Server IT Services SSID Modem managed services In Internet of Things SharePoint computer support firms Relocation Solid State Drive Unified Communications Safety Hack The Internet of Things datto Music email scam Project Management eWaste Accountants Healthcare computer repair Staten Island CryptoLocker Mobile Device Management Internet of Things Email Outlook Business Hard Drive Disposal Directions Device security CCTV Microsoft Office Business Growth Uninterrupted Power Supply Best Practice Automation Machine Learning Flash Smartphones Efficiency Artificial Intelligence Business Management Office Twitter computer support CrashOverride Best Practices Access Samsung Data Analysis VoIP Screen Reader Visible Light Communication Staten Island IT consulting Bandwidth Tip of the week Laptops Word staten island managed services Emergency User Tip Telephony Save Money Drones Emails IT consulting Staten island Employer-Employee Relationship Hacks Data Backup Networking Administration Computer Care IT consulting firm Telephone Systems Startup Tech Terms Workers managed IT services staten island Tracking Windows XP Disaster Recovery Download Worker Windows 10 Tactics Streaming Media Compliance Gmail Website Social Engineering Hard Drive Administrator Hardware Upload Tech Support Mouse Computer Mobile Security WiFi How To Gadgets Nanotechnology App Black Market Automobile Wireless Tablets Users Passwords Hiring/Firing Network Congestion Tablet Webcam IT consulting NYC Network Security data recovery Staten Island Proactive IT Microchip Mobile Technology Printers Memory IT services NYC Antivirus Database HTML Fake News Training Identity Theft IT consulting Staten Island Taxes Cache Start Menu Bluetooth managed IT services NYC BDR Mobility data recovery Cleaning YouTube Tech IT services Staten Island Virtual Assistant Browser Collaboration Software ransomware attacks Computers Monitoring Software License Data Security Unified Threat Management Smartphone Cloud computing Staten Island Health IT Distributed Denial of Service Proxy Server Remote Monitoring Electronic Medical Records Access Control Television Chromebook Patch Management IT consulting company Malware Google Maps Domains Securty Evernote today ’s organizations Meetings Workplace Tips Entertainment Web Server Touchscreen Management Mobile Device communications Data Productivity Content Hackers Hardware Solutions Technology computer repair Motion Sickness Redundancy Upgrade IT support firms Telephone System User Tips Downloads Update Productivity Error Ransomware Encryption Fileless Malware Hacker Unified Threat Management Android Advertising Processors Data Management Processor Accidental deletion BYOD Bookmark Banking Digital Botnet IT services New York City Staten Island tech support Internet Employer Employee Relationship Document Management Printer Disaster Congratulations Google Wallet Supercomputer Health tech support Staten Island Vulnerabilities Wi-Fi Hosted Solution Social Network Corporate Profile Data Protection Data Breach IT Support Desktop Scam Wireless Headphones Monitors Office 365 Knowledge Downtime Hosted Solutions Reliable Computing Managed IT Office Tips Cabling Work/Life Balance Google Drive Cost Management computer support Staten Island Security Settings Alert Operating System Outsourced IT Firewall Miscellaneous Username Social Media Excel Search Telephone Managing Stress Business Mangement Computing Public Cloud Network Management Blockchain computer services Wireless Technology end-user files Digital Payment Big Data Recovery Virtualization Information LiFi Sports Google Conferencing Documents Legislation Regulation Paperless Office Cloud Computing Travel Innovation SaaS Data storage IT support PDF Managed IT Services Google Calendar Managed Service Tech Term Apple IT consulting IT support Staten Island Managed Service Provider IT Management VPN Money Help Desk Microsoft Excel tech support Staten Isalnd Windows 8 Backup Writing Windows Virtual Desktop Education Physical Security DDoS malware Hard disk Communication Holiday Computing Infrastructure Apps Analytics Deep Learning Experience Cortana Maintenance Notifications Regulations Customer Resource management Managed IT Services IT support Staten Islans Politics Staten Island IT support Customer Service Society 3D Printing Budget Cybersecurity Saving Time History Displays Freedom of Information Microsoft Language Small Business Business Technology it support Specifications Quick Tips Cryptocurrency Virus Retail Business Metrics Time Management data loss Vendor Mangement IT support New York City IBM News Security Cameras Google Docs Vulnerability Lithium-ion battery Trends Saving Money Remote Computing Running Cable computer support NYC Addiction Gamification Private Cloud Privacy Audit Vendor Management File Sharing Business Cards managed services Staten Island Devices computer services Staten Island Bring Your Own Device Navigation managed it services VoIP Term malware worms Websites Equifax Router Robot Content Filtering Staffing Backup and Disaster Recovery Two-factor Authentication Going Green

Newsletter Sign Up