Centralized providers of two-factor authentication services are being challenged by a brand-new solution that’s based on the blockchain.
A startup says it offers two-factor authentication on blockchain for the very first time.
Shield Protocol is taking on the likes of Authy and Google Authenticator — and offers security while eliminating data collection and centralized storage. A simple interface also means it’s a tool that will be accessible for everyday users.
The project is based on Binance Smart Chain and is currently in the process of integrating with Polygon. It also offers a dedicated wallet where multiple cryptocurrency assets can be stored securely.
Source:
https://cointelegraph.com/news/this-blockchain-based-two-factor-authenticator-is-taking-on-google-and-authy