Thank you for your comments. Please consider our reply:
1. It will be easy for service providers (banks, exchanges, etc.) to implement ChainLock which is one of the key benefits.
2. ChainLock can be used with existing authentication protocols; that is, to augment existing authentication for any website.
3. ChainLock provides for a master address for resetting an account if a working address is lost (e.g., a phone is lost or stolen). The master address is stored in a safe location, preferably off-line.
4. Clef is like BitID and SQRL. These protocols merely implement public/private key authentication. They do not take advantage of the security of the bitcoin blockchain.
5. The demo video is 23 minutes to ensure companies understand the concept and the benefits. Service providers should listen to the entire video. There is a lot of good information.
Thanks again for your comments.
Topic: New security protocol using Bitcoin address (Read 429 times)
It's an interesting concept there, I struggled to understand what you were getting at until 7 minutes into the video. The situation that I see is the custom integration. In your example, BoA would have to integrate it into their online banking platform. The larger issue is that the developer integrating your solution would likely just implement it themselves if they knew anything at all about bitcoin. Other than the UI you coded on the front end, it's literally 10-15 lines of code or less on the back end. 
My suggestion would be to develop your system to work as unified service (like Clef). Then, just provide developers a code snipit to add for the popular languages (js/.net/php) that will provide sync and levels of locking. Also, allow for multiple addresses as well. I'd suggest adding other factors of auth like txt, email, and otp that way you don't exclude anyone who already has a solution in place. You also need to think about recovery as well. What if they're using a trezor on a trip, they get robbed or items stolen and they need quick access to the service being protected from the locked account? People get locked out of their bitcoin wallets and lose passwords constantly.
My last suggestion is to get someone to help you with your demo script and video. Get your pitch down to 20-30 seconds. Check out fiverr, and have someone clean up your script. Also, check out Camtasia, the video of your screen and moving back and forth to the phone was a bit distracting. Camtasia is a beautiful product for screen demos. Lastly, your website should not ask for a username and password if you want people to look at your site. Consider something a little more akin to what your competitors are doing in the multi-factor auth marketspace.
Keep going, the rough carpentry is there, just needs paint and curtains
My suggestion would be to develop your system to work as unified service (like Clef). Then, just provide developers a code snipit to add for the popular languages (js/.net/php) that will provide sync and levels of locking. Also, allow for multiple addresses as well. I'd suggest adding other factors of auth like txt, email, and otp that way you don't exclude anyone who already has a solution in place. You also need to think about recovery as well. What if they're using a trezor on a trip, they get robbed or items stolen and they need quick access to the service being protected from the locked account? People get locked out of their bitcoin wallets and lose passwords constantly.
My last suggestion is to get someone to help you with your demo script and video. Get your pitch down to 20-30 seconds. Check out fiverr, and have someone clean up your script. Also, check out Camtasia, the video of your screen and moving back and forth to the phone was a bit distracting. Camtasia is a beautiful product for screen demos. Lastly, your website should not ask for a username and password if you want people to look at your site. Consider something a little more akin to what your competitors are doing in the multi-factor auth marketspace.
Keep going, the rough carpentry is there, just needs paint and curtains
Would you like more clients using your site?
As you know, security is one of the primary concerns of Bitcoin users. It is the main impediment to increasing your user base.
We have developed a security protocol (ChainLock) where a bitcoin address can be used to lock an account.
This way a certain feature of an account (e.g., withdrawals) is only enabled if unlocked with a private bitcoin key. The user is the only person that has access to, and manages, the private bitcoin key, and so the user is the only person who can unlock their account.
A general bitcoin wallet is used to manage the user’s private bitcoin key, just like other bitcoin addresses. This makes the security protocol easy for users to understand. It provides the confidence of securing their online account the same way they are confident in the security of their bitcoin wallet.
Users can verify their online account is secure anytime by simply viewing the balance of their bitcoin address. That is, they can avoid the inconvenience and risk of logging into their online account just to verify the account is secure.
Offering the ChainLock security protocol will increase your client base since security is the primary concern when selecting a bitcoin exchange.
We encourage you to visit our site http://www.ChainTightSecurity.com to learn more about the ChainLock protocol. We have also published a demo video on Youtube:
https://www.youtube.com/watch?v=6wgHyOxJf9Y&t=76s
Please contact us with any questions or comments.
Thank you,
ChainTight Security Systems
As you know, security is one of the primary concerns of Bitcoin users. It is the main impediment to increasing your user base.
We have developed a security protocol (ChainLock) where a bitcoin address can be used to lock an account.
This way a certain feature of an account (e.g., withdrawals) is only enabled if unlocked with a private bitcoin key. The user is the only person that has access to, and manages, the private bitcoin key, and so the user is the only person who can unlock their account.
A general bitcoin wallet is used to manage the user’s private bitcoin key, just like other bitcoin addresses. This makes the security protocol easy for users to understand. It provides the confidence of securing their online account the same way they are confident in the security of their bitcoin wallet.
Users can verify their online account is secure anytime by simply viewing the balance of their bitcoin address. That is, they can avoid the inconvenience and risk of logging into their online account just to verify the account is secure.
Offering the ChainLock security protocol will increase your client base since security is the primary concern when selecting a bitcoin exchange.
We encourage you to visit our site http://www.ChainTightSecurity.com to learn more about the ChainLock protocol. We have also published a demo video on Youtube:
https://www.youtube.com/watch?v=6wgHyOxJf9Y&t=76s
Please contact us with any questions or comments.
Thank you,
ChainTight Security Systems
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