World’s first Web Browser to enable Decentralized Identity
tl;dr qikfox Smart Browser becomes the first Web Browser to integrate and enable decentralized identity. A decentralized identity system works to enhance consumer privacy, safety and security.
Consumer data is littered all over the web
According to Statista, In 2020, there were more than 1000 cases of data breaches across United States alone that exposed more than 155 Million consumer records. This number was 471 Million in 2018. This means service providers are unable to keep consumer data safe despite tall promises of safety, security and privacy.
Consumer data is at risk. Most service providers do not require extensive consumer data to provide a service, yet they collect extensive data on consumers and many times sell it to third parties. Consumer should be in control of their data and they have the right to be forgotten. Identity Protection is a major concern amongst consumers today.
Business world is not equipped to keep consumer data safe, especially SMBs
With regulations like GDPR and CCPA being enforced, the stakes for the business are high. Losing consumer data can cost business huge money in penalties. Equifax, post 2017 data breach, had to settle with Federal Trade Commission for 425 Million US dollars. Data breach does not cost only the consumers, it can cost a business dearly as well.
Blockchain based decentralized Identity Systems give us an opportunity to fix data security and privacy problems. Service Providers can free themselves of huge infrastructure and operational costs of maintaining consumer data (PII). Alternatively, they can store minimal data that allows them to engage the consumer yet provide enhanced levels of data security and privacy.
81% consumers feel that they are not in control of their own data and businesses misuse consumer data.
qikfox Browser puts consumer back in control. Your data, Your rules!
qikfox Browser is the world’s first browser to implement decentralized identity system to enhance consumer privacy. With a unique decentralized approach, qikfox browser puts consumer back in control of their data. qikfox identity innovations revolutionize product licensing, subscription management and other advanced identity management use cases. Any use case that requires authentication or authorization can be enabled using qikfox Smart Browser.
Soon, qikfox team plans to open source the qikfox identity issuance and validation service to help service providers implement decentralized identity services.
The possibilities are endless. To learn more about decentralized identity and how it revolutionizes online privacy, click here.
To learn more about qikfox Smart Browser, qikfox Handles and qikfox Decentralized Identity System, visit qikfox.com
