How can internet services and Blockchain be combined?

Published in

PasswordlessWorld

4 min readFeb 22, 2020

Combine Internet and Block Chain through IDall Wallet

As the 1990s dot-com era and the smartphone era of the 2000s passed, all service providers and developers focused on the user experience, this means that we focus on something simpler and more convenient. Of course, the effort to create innovative values is natural. The problem is that blockchain is far from the user value it has ever pursued. If you can easily explain this,

“Blockchain wallets have the same user experience as certificate e-signature authentication”

If you have used blockchain services, you may already know how it works. If you’ve created a lot of cryptocurrency wallets and have sent or received coins or tokens, this explanation is also unnecessary. You’d already know. However, the reality is not. This is also proof that it is not spreading to the general public. The important thing is “Why is that?” It can be described as a chicken-egg-like relationship. In other words, it is difficult to develop a service that is easy for the general public to use. This is because, without blockchain, it is easier and more convenient to create services faster. So why can’t BlockChain make it easier and more convenient to service?

“This is because of the wallet of the same method of authentication”

Let’s talk a little more about wallets.

The cryptocurrency wallet is an app to installed on the user’s terminal. With this program, you need to log in to the service and also transact to transfer tokens. How does Wallet distinguish between fake and real every time in this process? Password? Yes, there is a process of entering a password. It is mostly long and requires a difficult one. The key, however, is not this password, but the electronic signature. In fact, when you enter your password, the personal key stored in the wallet is activated to encrypt the data, which is an electronic signature. When the data attached to the electronic signature is transmitted to the blockchain, it is verified as a public key. So it can be said that it is similar to the certificate electronic signature. In jargon, it is referred to as asymmetric key encryption. (PKI)

For this reason, wallets should be careful not to leak their personal keys. As you know, there is no need or method for individuals to be aware of these security issues. Furthermore, it is not possible to sign with a personal key, other than the wallet method. This is because it is the source technology of blockchain.

In conclusion, cryptocurrency wallets

“It is essential to use a very long and difficult password, and you should always take the burden of avoiding leaking your personal keys”

This is a very large barrier to entry to the user. In other words, it is absolutely impossible to spread, and the combination of the Internet and blockchain is just a dream. Even if the token economy combines the concept of compensation, it is a meaningless reward if the token is not supported by an environment that is readily available in real life. The price of tokens and coins formed on the coin exchange will also eventually bubble if the real demand does not keep up. If you have 1000 bits, making and using a wallet to buy a 10,000-won T-shirt is useless if it’s more difficult than an easy payment.

So is there no hope? Not so. Fortunately, it is easy and easy, and there is a way to maintain higher security than any existing Internet service. It can enhance security and convenience by centralizing the wallet or linking it with a private chain. In other words, it is possible to apply a simple UI, such as an existing pattern or PIN, or it may work with biometric authentication. Once the wallet has passed the main certification, you can make it active.