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Protecting Online Identity Through Cryptography

A new startup, Credentica, hopes to offer the ability for you to perform secure transactions using the smallest amount of personal information possible. Their goal is to both protect privacy and enhance security, which they hope will be a mutually inclusive process. "The technique employs secure multi-party computation, a branch of cryptography that can calculate meaningful answers about secret information by knowing only some non-revealing clues about that secret. The underlying theory was demonstrated in 1982 by Andrew Yao in the so-called Millionaire's Problem [...] U-Prove employs an ID token, a special kind of digital certificate that allows for minimal selective disclosure. The tokens can store all kinds of information, but users can disclose only the minimum amount of data required in any given transaction. They leave no unwanted data trails and permit both anonymity and pseudonymity."

3 of 87 comments (clear)

  1. Anonymous? by Anonymous Coward · · Score: 2, Funny

    Forget about security on any large (sort of large) anything. Look at this site...you are immediately penalized for being anonymous.

    What a load of shit.

  2. Re:Millionaire's Problem by Workaphobia · · Score: 3, Funny

    "No wonder Millionaires are so stupid... if this is what they consider a "Problem"..."

    If you think that's bad, then I have some dining philosophers that I'd like you to meet...

    --
    Evidently, the key to understanding recursion is to begin by understanding recursion. The rest is easy.
  3. Re:Millionaire's Problem by TubeSteak · · Score: 2, Funny

    http://geekz.co.uk/schneierfacts/facts/top
    Bruce Schneier knows Alice and Bob's secret.

    --
    [Fuck Beta]
    o0t!