Passkey and How it is Changing Online Authentication

If you are like me, passwords have become an integral part of your online lives. However, we've all experienced the frustration of trying to remember multiple login credentials or dealing with the hassle of resetting forgotten passwords. Luckily, passkeys offer a promising alternative to traditional password-based authentication.

The concept of passkeys has been in development since the 1970s, when public key cryptography was first introduced. Fast forward to today, their use in digital payments has increased significantly, and adoption has been accelerated by the FIDO (Fast Identity Online) Alliance's standards.

As Moore’s Law states, technology will continue to evolve! Thus, Passkeys will play a crucial role in shaping the future of online authentication. With the increasing demand for seamless, secure, and efficient authentication processes, Passkeys will offer a promising solution that can help usher in a new era of digital convenience.

What are Passkeys?

Passkeys are an alternative to passwords that rely on cryptographic techniques to verify a user's identity without requiring them to memorize or enter a password. This innovative approach eliminates the need for users to remember multiple login credentials, reducing the risk of compromised security and increasing overall online authentication efficiency.

Have you heard of FIDO??

The FIDO Alliance is an industry consortium that aims to improve online authentication by developing open, scalable, and interoperable authentication standards. In 2018, FIDO2, a set of specifications released by the FIDO Alliance, enabled passkeys for passwordless authentication.

In February 2014, PayPal and Samsung launched the first public deployment of FIDO authentication with Samsung's Galaxy S5 smartphone. This groundbreaking innovation allowed users to authenticate PayPal with a finger swipe and shop online without entering a password. This milestone marked a significant step towards a future where passwords become obsolete.

?Key Benefits of Passkeys

• Increased Security

By eliminating the need for users to memorize or enter passwords, Passkeys significantly reduce the risk of compromised security.

• Enhanced User Experience

With no need to remember multiple login credentials, users enjoy an improved online experience with faster and more seamless authentication processes.

• Interoperability

FIDO's standards ensure that Passkeys are compatible across various devices, platforms, and services, simplifying the adoption process.

Passkeys represent an innovative leap forward in online authentication, offering an innovative alternative to traditional password-based systems. As the FIDO Alliance continues to drive innovation and adoption, you can expect Passkeys to become a ubiquitous part of our digital lives, making it easier than ever to access the online world.

Recap

• Passkeys eliminate the need for users to remember multiple login credentials, reducing the risk of compromised security and increasing overall online authentication efficiency.
• By relying on cryptographic techniques to verify user identity without requiring passwords, Passkeys provide an additional layer of security against cyber threats.
• As FIDO standards enable passkey adoption across various devices, platforms, and services, we can expect a future where passwords become obsolete, making online access faster, more seamless, and secure.