|What problem are you solving?
|It takes a hacker less than a second to crack an 8-character password. And still, the entire Internet security is based on using usernames and passwords for user authentication. Unchanged over the past 30 years, the current system has proven to be both unreliable and unsecure. Up until recently, we\’ve decided to challenge the status quo and make strong authentication as it should be: simple and free. This is the mission of UNLOQ.
|What is your solution?
|UNLOQ comes in the shape of a widget, which you can easily embed into your site, and a companion mobile app that your users will need, in order to authenticate. The default authentication mechanism is a multi-factor system that uses out of band communication to authenticate a user. After a user has registered with UNLOQ (downloaded the app and created a profile), he will only have to click the UNLOQ button and, in a fraction of a second, he will receive a push notification on his mobile phone, asking the user to approve or deny the authentication request. To prevent spam, each user will be asked to verify his/her identity when sending their first authentication request from a browser. For the first authentication request, the user will receive a notification asking for a time-based one time password that they can find in the app.And this takes us to the alternative authentication methods that UNLOQ allows. The first one is a time-based one time password that users can select, in case they don’t have internet access on their phone. The second one is the e-mail login option that can be used in case the user does not have a smartphone. Developers may choose to have one, both or none of the alternative authentication mechanisms implemented, depending on the specific case for which they are building the system for.
|How will you make money?
|Free Basic features, ONE APP $4.98 per application / month, BUSINESS $298 per account / month
|Tell us about the market & founders, why is this a great opportunity?
|Mircea Patachi, CEO & Co-Founder
Having more than 10 years of experience in the IT industry, Mircea has built solutions for established companies like Lynda.com or BMI and has worked in different roles such as product manager, project manager, or head of development. Having an entrepreneurial mindset, he has started several ventures inside Evozon, his current employer. He has a bachelor degree in Finance, an MBA, and several other courses completed as he saw fit along the way.Adrian Bunta, CTO & Co-Founder
|What type of funding has the company received?
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