How REMME’s Access Protection System is Consigning Passwords to the Past
DISCLAIMER: This is a guest post by REMME The information provided in this post is the responsibility of the writer.
To paraphrase Mark Twain, reports of the death of passwords are greatly exaggerated. Passwords have been written off more times than Bitcoin and yet, like the web’s oldest cryptocurrency, they doggedly refuse to die. REMME is the next company bidding to usurp the much-maligned password, but the company stresses that is is not in the password assassination game per se. Rather, REMME is creating a passwordless alternative and then inviting enterprises to step up and test it for themselves.
The authentication protocol REMME is building eliminates the need for passwords, it’s true. But while this next-gen technology has a wide range of applications, both at consumer and enterprise level, REMME isn’t ready to consign passwords to the dustbin of history. At least not yet. Rather than resort to hyperbole, REMME prefer to focus on the bigger picture and specifically how best to counter major cyber threats.
Statistically, the largest contributing factor to successful cyber attacks is humans. People are fallible and attackers only need to get lucky once. It’s passwords – lost ones, stolen ones, weak ones, recycled ones – that get the blame, but it’s people who are responsible. And it’s people who are going to rectify that. People like the team behind REMME, who’ve been working on a more secure alternative since 2015.
Right from the start, they knew what they wanted to build: a means of signing, revoking and storing SSL/TLS certificates on the blockchain. By using a distributed ledger, they realized, many of the most common attack vectors would immediately be cut off. Instead of centralized databases, which are a system breach waiting to happen, they would elect for a decentralized alternative that could encrypt and then digitally bind data before distributing it across the blockchain.
The idea was radical, but it was one which had real merit, REMME knew. The statistics make that much evident. As a recent study published by Google and Berkley researchers notes: “Over the course of March, 2016–March, 2017, we identify 788,000 potential victims of off-the-shelf keyloggers; 12.4 million potential victims of phishing kits; and 1.9 billion usernames and passwords exposed via data breaches and traded on blackmarket forums.”
It is evident that current security solutions aren’t working. The framework that REMME have been developing has already been successfully trialled on the Emercoin and Bitcoin blockchains. They’re now rolling out a pilot program to interested companies, and over 60 firms have signed up. Interested applicants can apply here to test the product for themselves.
Ahead of a public launch in 2018, REMME is hosting a token sale for people who wish to stake their claim in the future of distributed security. REM tokens will be issued to participants, to serve as the fuel which powers the REMME ecosystem, facilitating everything from transaction signing to fiat-crypto conversion. Tokens will also be required to operate nodes, which will verify SSL/TLS certificate storage on the blockchain.
The REMME pre-sale has already sold out, but the public sale begins on February 13, 2018 with a total hard cap of $20 million and each REM token priced at $0.04.