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Medtech Impact on Wellness

In this day and age, people around the world need to be able to store and use items that are incredibly valuable. To this end, Vida Identity is creating a password-less encryption system for all of your important data and files.

Unlike traditional key managers, there is no master password to all a user’s accounts. Instead, each password and file is encrypted with a different private key. Those keys are then sharded, and distributed to different devices, such as a smartphone. That device would need to be present, in order to create a transaction on the blockchain.

Though this system is currently still in testing, Erik believes it could be ready for market in 3-6 months–quick enough to get the product out to consumers quickly, but secure enough for all users.

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