OneID is a digital identity management service that provides a repository for usernames and passwords, eliminating the need for people to remember numerous arcane character sequences. OneID was founded by Steve Kirsch, a Silicon Valley entrepreneur and inventor, with the idea of replacing the prevailing username/password model with an approach that takes advantage of public key cryptography. The system can run in browsers, Web sites, cellular telephones, tablet PCs, mobile Internet devices, and the cloud.
OneID can reduce costs and pressure on businesses by enhancing security and streamlining customer service. The system eliminates the need for Web sites to store credit card information or other sensitive personal data, thereby reducing site owners' liability. User data is stored on the user's own devices so the information has minimal risk of exposure if a central security breach occurs. OneID employs a two-factor authentication system that places users in direct and constant control of their personal, financial and credit card information. Users can choose the level of security they want for each type of transaction.
Continue reading about OneID:
Fast Company announced the launch of OneID on March 13, 2012.
CrunchBase outlines the basic features of OneID.
See the OneID Web site for status updates.