Problem - Securing a transaction is essential for any payment service providers and the means of securing must constantly evolve in order to counter the progression of piracy. The current state of transaction security leaves much to be desired, and it's clear that we need a better solution to protect our sensitive information and money.
Solution - The future of transaction authentication may lie in the power of the human mind. A new device based on brainwaves, known as a mental sign, has the potential to revolutionize the way we verify our identity and authorize financial transactions.
Problem - How to protect payment transactions and facilitate user experience
In today's digital age, it's more important than ever to protect our transactions from fraud and hacking. As technology advances, the methods used by criminals to steal sensitive information and exploit vulnerabilities in our online systems are also evolving. Traditional methods of authentication, such as passwords and security questions, are no longer enough to protect our transactions.
One of the biggest challenges is that these methods rely on information that can be easily obtained or guessed by attackers. Passwords can be hacked using brute force attacks or social engineering, and security questions can be answered using publicly available information from social media profiles, and even two-factor authentication can be bypassed if the attacker has access to your phone or email.
Additionally, these methods are often inconvenient for users. Passwords must be remembered and regularly updated, leading to frustration and abandoned transactions.
Solution - A dematerialized mental signature, unique, tamper-proof and immediate
One potential solution to this problem is the use of brainwaves as a form of authentication. By measuring the unique patterns of electrical activity in the brain, a person's brainwaves can be used as a unique and tamper-proof "mental signature" for authenticating transactions.
A mental signature is a unique pattern of brain activity that is generated when you think about a specific concept or object. By using our technology, this pattern can be measured and used as a form of authentication for your transactions.
The benefits of using a mental signature for transaction security are numerous. First and foremost, it's completely unique, preventing the machine from reproducing or generating it. It’s indescribable, impossible for a person to explain this signature. It’s intangible, never written or sent, it is known and held only by its owner. It’s indecipherable, more robust because no algorithm is currently capable of generating the characteristics of a thought. And it’s immediate, no need to prove your identity with multiple factors and devices.
In addition to its security benefits, the mental sign also offers convenience. Unlike traditional methods of authentication, which require a person to remember and enter complex passwords, the mental sign only requires the user to think about a previously seen image or familiar stimulus. This makes the process of verifying one's identity and authorizing transactions much faster and easier.
To authenticate a transaction, users would simply need to think about a specific thought or image (such as a loved one's name or a special memory) while a brainwave-reading device scans their brain activity. If the device recognizes the mental image it would authentify the user and confirm the transaction.
Furthermore, brainwaves can be used to verify the identity of the user in real-time, users would first need to enroll in the system by providing a sample of their brainwave activity. This sample would be used to create a unique "brainprint" for each user, which would act as their mental signature. In this scenario the authentication process is completed automatically and immediately making the payment experience seamless.
While the mental sign is still in the early stages of development, its potential to revolutionize the way we authenticate transactions is exciting. With its high level of security and convenience, the mental sign could soon become the go-to solution for protecting our transactions, accounts and sensitive information.