ID Crypt Global: Launches decentralised security infrastructure
- ID Crypt Global security provider launched a decentralized security infrastructure for financial services
- The patented solution named DPKIps, allows financial institutions to move away from costly Public Key Infrastructure (PKI)
- To date, payment systems use centralized Public Key Infrastructure (PKI) to help secure payment messages
- This is achieved as the PKI allows the encryption and creation of digital signatures based on private keys created by the PKI
- Within financial services, centralized PKI solutions are commonplace, used by payment systems and secure messaging platforms
- Centralised solutions like PKI are single points of failure, not just in terms of operational resilience
