Spatium increases security by implementing biometric authentication

Biometry is an advanced technology, used in Spatium Biometric Wallet to protect your data. We want to provide a safe space for our users to manage their assets securely. Although the risks associated with private key management are still high.

Replacing a recovery phrase with a password doesn’t solve the problem, as the password could be lost and forgotten. The assets connected to the account could be gone forever. 20 percent of all Bitcoins are orphaned due to lost or misplaced private keys that are irrecoverable. This issue is one of the main problems of the mass crypto adoption, and Spatium project wants to resolve it.

One of the key security factors of our product is biometric authentication. When implemented correctly, biometrics erases problems with traditional passwords. It makes identity theft attacks much harder and eliminates identity loss cases. Anyone can steal your password or a key phrase, but no one can steal your identity. Here in this post, we explain why Spatium has chosen biometry for user security and how we implemented it.

Biometrical Technology

Cryptography is the most secure data transmission technology by now. However, the cryptographic key is complicated to use, and the key phrase is too long to remember. Using biometric characteristics of a user instead of password storing increases the security. The biometric data is neither stored nor shared, which ensures the security of data, and forward secrecy is achieved using session keys.

When added to the identity verification, biometrics strengthens on-boarding fraud detection.

As more customers turn to the mobile platforms to store their funds, biometric authentication can play a vital role in case of data recovery.

Advantages of Spatium Biometric Wallet use

Though Spatium appreciates the advanced security of implementing the biometric-based authentication, it pays a lot of attention towards the customer’s privacy. To guarantee the best results for our users, we combined the first-rank fingerprint authentication with native phone biometrics.

Thus Spatium customer could enjoy the user-friendliness of our Biometric Wallet not bothering to remember the password. Although this function has some more advantages. Continuity of asset ownership is important to provide lasting digital funds security. Spatium wallet owner can pre-program their children’s fingerprints to be used to access the wallet. This feature ensures continuity of funds in case of the owner’s death.

The Biometric Wallet can also be used as a hardware 2FA authorization factor, password generator, and password storage for 3rd party services.

Most importantly, users can lose all devices and still regain access to their funds if they owned a Biometric Wallet. All you need to do is buy or borrow from friends another Spatium Biometric Wallet and authorize yourselves.

We are proud to make a secure and convenient method of storing and managing your assets.

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