The Algorand Foundation announces a grant to LoginID

LoginID will research and prototype changes to their APIs and SDKs, allowing Algorand developers to easily integrate FIDO certified biometric authentication.

SAN MATEO, California and HONG KONG, October 7, 2021 / PRNewswire / – The Algorand Foundation announced today, support for a grant awarded to Connection identifier, a FIDO certified authentication provider. The grant will allow LoginID to seek a technical path towards the activation of its API and SDKS suite for the Algorand ecosystem. For Algorand developers and businesses, that means using FIDO Certified Authentication for one-touch execution of a smart contract, which won’t require plugins or downloads. FIDO integration also offers the benefit of “transaction confirmation”, a digital signature and receipt linking the individual’s biometrics to the transaction.

At the heart of the Algorand blockchain is a unique and powerful protocol known as Pure Proof-of-Stake, created by MIT Silvio micali. Using this protocol, Algorand’s blockchain is a unique combination of high performance, scale, security, guaranteed finality of transaction and all built on a sustainable and carbon negative platform. The Algorand network now has over 13 million accounts and supports over one million transactions per day, with zero downtime since launch. The Algorand Foundation is committed to creating the most robust and innovative ecosystem around this incredible public blockchain and one-touch smart contract execution will be a powerful addition to Algorand’s developer toolkit. .

The Algorand Foundation is delighted to welcome LoginID into the ecosystem of the Algorand network. Providing FIDO certified smart contract execution to Algorand developers and businesses will allow any customer to execute a smart contract using biometrics on their device, with no downloads or plugins required. Since there is more 4B devices globally that support FIDO today, this is an important step in making Algorand accessible to everyone. Sean lee, CEO Algorand Foundation.

“Algorand has really started to step up, helping companies in the DeFi and commerce space, areas where we have expertise and can add a lot of value. LoginID will help reduce friction and facilitate the interaction of blockchain technology when developers integrate our solution. We have recently seen attacks against standard forms of authentication such as SMS. Our solution will help give Algorand developers the tools to create the smoothest and most secure interactions for their customers, ”said Jim brown, CRO and co-founder of LoginID.

See the video interview for this announcement.

About the Algorand Foundation
The Algorand Foundation is dedicated to realizing the global promise of blockchain technology by leveraging the Algorand protocol and open source software, originally designed by Silvio micali and a team of leading scientists. With fundamental convictions in the establishment of an open, public and unlicensed blockchain, the Algorand Foundation has the vision of an inclusive ecosystem that offers everyone the possibility of exploiting the potential of a fair and truly free economy. borders.

About Login ID
LoginID is a San Mateo /Toronto based in has focused on bridging the gap around authenticating users and securing their information. This is facilitated by its FIDO2 and UAF-certified strong customer authentication, privacy and tokenization platform. The team is made up of seasoned executives with decades of experience, across global brands, helping to market products around security, crypto, payments and mobile. For more information contact: [email protected].

Contact: Jim brown, [email protected]

SOURCE connection identifier

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