Horizon State Partners with Tenzorum
Securing keys in the age of blockchain just got easier
The team at Horizon State is pleased to announce a partnership with Tenzorum; a great one-of-a-kind project based out of Sydney, Australia. Tenzorum, tackles a ‘key’ issue in the blockchain space; one that every user of cryptocurrency fears more than any other. We’ve all heard the stories of people who have lost keys to their wallets and have no access to their tokens.
This issue of lost keys is one of the bigger barriers of entry to a great many people when it comes to blockchain and cryptocurrencies. Up until now, users who have suffered the unfortunate circumstance of losing their keys have had very few solutions to recover their precious savings. When it comes to making a leap from traditional banking, where users can easily recover debit or credit cards, consumers will need assurances that the money they have saved is not only secure, but also accessible even when they have lost their keys.
Tenzorum consists of a decentralized p2p service-node network that supports the relaying of gasless transactions and telemetry services (notification systems) which will consequently eliminate the need to deal with numerous types of tokens to interface with different Blockchain applications.
Users are able to access multiple blockchain products through a simple decentralized platform. There’s also a recovery mechanism based around a web-of-trust; which is in place for when users fall into the misfortune of losing their keys. Tenzorum will be accessible to several multi-ledger applications, exchanges, and services.
The project sets itself apart in three critical aspects:
Secret Sharing — Every key in the network is encrypted using a Quantum proof and unbreakable algorithm.
Web of Trust — Users in the network verify each other’s keys in order to maintain network integrity and security.
Public Utility — Tenzorum Network will bring self-sovereign access where people will be able to decide what role they want to play in the crypto-world.
Tenzorum has also joined the ERC-725 Alliance; an effort prompted by several leading teams to bring forth a self-sovereign blockchain-based digital identity standard to consumers. Being able to own and manage one’s identity instead of giving up ownership to a centralised organisation, will have a huge impact on everyday people’s sensitive online data. The Tenzorum team will be debuting these capabilities through a new feature called “Tenz-ID”, later this week. This solution strengthens the ability for collaboration between Tenzorum and Horizon State on governance projects.
The projects founders; Daniel Bar and Moritz Neto, have a vast network of supporters spanning the globe from Stanford University to the Indian Institute of Science. Horizon Sate looks forward to seeing Tenzorum’s team make new strides in an ever-expanding blockchain community and is proud to see another great project sprout from the Australian blockchain community.