Keypasco will issue KEYOTO (Keypasco Open Token) which is the currency of the eco-system for payments of our services. The KEYOTO will be issued using the ERC20 platform.
A blockchain, originally block chain, is a continuously growing list of records, called blocks, which are linked and secured using cryptography. Each block typically contains a hash pointer as a link to a previous block, a timestamp and transaction data. By design, blockchains are inherently resistant to modification of the data. It is “an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way”. For use as a distributed ledger, a blockchain is typically managed by a peer-to-peer network collectively adhering to a protocol for validating new blocks. Once recorded, the data in any given block cannot be altered retroactively without the alteration of all subsequent blocks, which requires collusion of the network majority.
Our vision is to only have one ID for access to all services on Internet. A software based Federated SSO solution that is affordable for millions and millions of end-users and service providers, easy to start, secure, and user-friendly.
Blockchain is the solution for our vision. Blockchain offers a decentralization of many services on the Internet and future services, it is built on trust and anonymity. The core technology is the asymmetric key pair and the mined blockchain.
One of the patents in the Keypasco Solution is the protection of the private key in a so-called Public Key Infrastructure (PKI). In many countries today PKI is by law the standard for eGovernment solutions. The Keypasco PKI solution is the perfect solution for solving the biggest threat within the blockchain society, the protection of the private key. On the other hand, the nature of blockchain also offers the perfect environment for Keypasco to reach its vision.
Blockchain makes it possible for true democratization of cyber security – the foundation for all services of value.
An ICO will help us to spread great user-friendly security into the blockchain market, and to continue our mission to secure all digital assets.
In a global perspective, there are literally millions and millions of service providers on the Internet today. In the future, when the market is mature, there will probably be at least as many on blockchain. Not all, but a great deal of these services need some level of security to protect their customers.
Already today there are more than 40 million owners of cryptocurrency. All of them are potential customers to our Blockchain Private Key Storage & Recovery service.
Today we are all tired of keeping track of different passwords and login options for different services. This means that there is a great need and strong demand for a federated SSO solution like KeypascoID, where you can access all services with the same ID – anonymous or not.
Keypasco strives to reach 1% of the global market in 5 years with our KeypascoID service, which means millions of service providers. To achieve this goal, the only way is to use blockchain technology and services, with its distributed structure, anonymity, and need for security.
Today, the media is suffering from the lack of simple payment solutions; they are stuck in the subscription model and need change. Our micropayment solution can be the answer; we see a great growth potential in it.
Keypasco is a Swedish IT security company with headquarters in Gothenburg on the Swedish west coast. The company was founded in 2010 by Maw-Tsong Lin and Per Skygebjerg. Today, Keypasco is represented worldwide through our partners and representatives.
By investing in marketing and sales, we plan to quickly build a blockchain eco-system with a large customer base. One way to achieve this is by offering the KeypascoID Level 3 Authentication Service free of charge to all the millions of service providers on the market. Once the customer base is large enough, we can use the same platform to systematically build tools and services that all parties in the KeypascoID eco-systems can utilize.
Typical value-added services that can generate revenue are KYC, eGovernment, Healthcare, education and other new innovative services that we have not thought of today, but somebody will invent through blockchain tomorrow.
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