Sedicii has developed and patented a technology based on the Zero Knowledge Proof Protocol that eliminates the transmission, storage and exposure of private user data during authentication or identity verification, which reduces identity theft, impersonation and any fraud resulting from the identity theft. Sedicii, adheres to the “Right To Be Forgotten” regulation and enables users to continue to consume digital services without sharing or exposing their private data. In essence, it means they can reclaim and control the use of their identity.
A qualified engineer, he has been the primary driver of the company and has successfully gained recognition for Sedicii at a significant number of technology and innovation competitions. Rob has a successful track record of establishing and growing businesses to considerable scale and was part of the original management team in Dell Japan that established and grew the business to almost 300 employees and $300M turnover in 4 years. He is a co-founder of Kyckr (ASX:KYK) which is listed on the Australian Stock Exchange since September 2016 and provides organisational identity services for KYC & AML services to banks and regulated financial institutions. Rob is a World Economic Forum Technology Pioneer, he has been invited to speak at Davos on Cybersecurity, Identity and other technology issues affecting the world’s economies
A chartered engineer and strategic information management expert with a strong background in military contingency operations, command & control, crisis decision making, secure collaboration in supply chains and business continuity. Having worked in senior information-centric operational management roles across UK government, international aerospace and defence sectors, he specialises in the use and management of information to support operations in trusted environments within and between collaborating organisations in US, NATO, Europe and Asia. He has a leading role in blockchain and DLT development in the UK. He is also an ISO editor for international standards on identity management, privacy and blockchains
Miguel holds a Ph. D. in machine learning and cryptography from the Université Libre de Bruxelles and a Masters in Engineering from the Madrid Polytechnic University. He is passionate about data science, deep learning, big data analytics, machine learning, lean management and agile methodologies. He has authored 27 patents, published in international journals, lived in 5 countries and worked at both big (Siemens, Nokia) and small companies. He is a serial entrepreneur having previously co-founded 4 startups including Dialective, Wumoo and I-Flike-U. He has worked on digital assistants (chatbots), with special emphasis on conversational user experience and optimisation. He is currently working on cryptographic processes used for authentication and identity verification
Ben has extensive experience in sales, marketing, business development and people leadership, built over a successful career within blue-chip financial organisations. Ben has 20+ years’ experience selling to global clients having held senior positions within Santander, American Express, Investec, Prudential and ACAMS. This has given him a deep understanding of how these organisations are structured, the decision-making process, the budgeting process and most importantly how they engage and purchase products and services, particularly enterprise solutions
A Consultant and Chief Strategy Officer at Blok-Tech, providing consultancy on strategic and competitive intelligence issues with particular focus on security and blockchain. This includes innovation with blockchain architecture to provide a more secure access and distribution to information such as vehicle information plus telemetry suitable for environments with high security requirements and mutually physically unknown actors. He has held a range of executive leadership positions at Amadeus including Senior Advisor Corporate Strategy for developing longer term strategic initiatives. As a UK civil servant, he held positions ranging from manager of a Government Employment centre, to member of a Cabinet Minister´s office, to regional employment policy and culminating with responsibility for policy on incoming tourism to the UK. Nigel represented the UK at the Council of Ministers, with the European Commission and with the OECD and the UN World Tourism Organisation
Mr. Wong has over 35 years of experience in the stockbroking and investment banking industry. In 1988, he was admitted as a Member to the Australian Securities Exchange and was in partnership with Andrew Forrest (Founder of Fortescue Metals Group) at Intersuisse Securities. In 1995, as Principal he established the Barton Capital group of companies, two of which are listed on the ASX. Mr. Wong was the business partner to the late former NSW Premier, The Hon. Neville Wran AC QC and was responsible for the successful listing of numerous companies on ASX over the years. He has served on many listed boards, including Founding Chairman (now Non-Executive Director) of ASX listed Kyckr Limited. He has been a senior adviser to the Nanshan Group in relation to its activities in Australia and was pivotal in its acquisition of its 20% stake in Virgin Australia from Air New Zealand in June 2016. Mr. Wong is a Fellow of the Australian Institute of Company Directors and Fellow of FINSIA
Stuart serves as Chief Executive Officer of Constellation Capital. Stuart is a hands-on technology investor and a specialist advisor to early stage entrepreneurs primarily in the software, medtech, digital and mobile sectors. He is a mentor to a number of start-up accelerator initiatives, including Wayra, and has experience of both managing and rapidly building start-up companies. He serves as Member of Advisory Board at Ensygnia Ltd. and has been an advisor to Sedicii since its incorporation
Andy is a seed investor and advisor to the software industry. In his 30 year career, he has held UK and international senior sales and Managing Director positions in the enterprise software space, including IBM and Siebel Systems and helped take QLIK from start-up to a NASDAQ IPO for $749m in 2010. He specialises in guiding tech start-ups to high-speed growth and is a mentor and Entrepreneur-in-Residence for over ten incubation and accelerator programs across the UK. He reviews and mentors over 200 companies a year. He has built the Business Alignment Management™ methodology designed specifically for start-up and scale-up businesses, with value selling principles at its core. He holds an honours degree in Business Information Systems
Michael is a partner and owner in both a consultancy and software business. Prior to running his own businesses, Michael worked at SWIFT in multiple leadership roles in Europe, US and Asia. His interest in all things digital started when he was Managing Director e-commerce responsible for delivering SWIFT’s e-commerce portfolio, which included corporate STP, Trade Services, TrustAct, a secure web-based messaging service, and e-paymentsPlus, a portfolio of online payment initiation and identity instruments. Michael enjoys challenging the status quo and has a proven ability to think outside the box and come up with business opportunities from new situations
The Zero Knowledge Proof (ZKP) authentication protocol is used in cryptography systems to allow a party to prove that he/she knows something (i.e. a credential), without having to transmit this credential. There are two parties involved in ZKP; the prover A and the verifier B. ZKP allows a prover A to show that they have the credential (for example, a credit card number or password), without having to give B the exact details of the credential. With Zero Knowledge Authentication there is no transmission or storage of password / credential hashes on the authentication server and the fundamental benefits of ZKP in the authentication process are as follows:
Zero-knowledge: if the statement is true, the verifier will not know anything other than that the statement is true. Information about the details of the statement will not be revealed.
Completeness: if the statement is true, the honest verifier (that is, one following the protocol properly) will be able to prove that the statement is true every time.
Soundness: if the statement is false, it is almost impossible, to an astronomically small chance, that someone could fake the result to the verifier that the statement is true.
The theft of passwords, credit card details and other personal information is a massive financial and emotional drain on society generally. It is our view that much of this data could be removed from the system once the Sedicii technology is deployed. This means there is no longer any data of any value available to hackers to steal, which would eliminate billions of euros of fraud every year. We are not convinced that the direction the market appears to be taking, biometrics, is necessarily the correct one. One needs to ask the question – Is it wise to put people’s biometric data (fingerprints, voiceprints, retina patterns etc.) into the digital domain without putting in place first the necessary security measures to ensure this data does not get stolen? We need to bear in mind that you cannot reset a fingerprint. This is one of the strongest aspects of a password in that when something goes wrong, it can be reset. With Sedicii’s technology this data could be properly protected, keeping it private and not put at risk.
The password is dead! Long live the password. Today we prove that we are who we say we are with a combination of what are known as factors of identity. These factors are “Something I know” like a PIN or a password; “Something I have” like a mobile phone or a credit card; or “Something I am” like a fingerprint or facial scan. By combining different factors we are able to prove a person’s identity according different levels of assurance. With the rush to replace the password with other, stronger forms of identification, we risk creating a whole new category of problem. For all the faults of the password, it has one massive benefit. It can be reset. With a biometric, it cannot be changed. You only have 10 fingers, 2 eyes, 1 voice, 1 face and if any of these get stolen you are in trouble because someone can now prove they are you. Sedicii’s zero knowledge process can secure your biometric data so that you never have to share or expose it ever. This makes it much safer to interact and less likely that you will fall victim to a biometric identity theft.
When a user logs in to a Sedicii enabled Authentication Service, using the ZKP protocol the authenticating server provides a series of challenges to the user’s browser, which are responded to with answers generated from a corresponding isomorphic graph that is created using the user’s private information. The user is only authenticated when all of the challenges are answered correctly and each time a login is attempted a different set of challenges are used. Once the user’s identity is authenticated, a user session is established and the user is allowed to login to the website. The same methodology can also be applied to credit card payment authorisations so that actual card details are never exposed over WIFI, or stored on a server, preventing theft and fraud.
Sedicii has looked at all our daily life interactions and created one consistent, standardised authentication solution that works the same way every time including web, phone and face to face. Furthermore, many scenarios require that an organisation also identify itself to their customer securely. When a customer visits your website or they need to talk to you on the telephone, or they need to make a secure payment Sedicii can take care of it securely without any fuss. The Sedicii service has been designed with people in mind to make things easy to do without sacrificing security for either the user or the business.
Consumers want control of their identity. They want the ability to easily see where their identity resides and then to manage and curate it. If they no longer want it stored with a particular organisation they can request deletion. If the data is old they can request it be refreshed or just left as it is. With a tick in a box they can provide a consent to allow one organisation share their information with another organisation and maybe receive a reward for doing so. The reward might be in the form of a discount, loyalty points, air miles or even a cash payment. Sedicii envisions a world where every person is at the centre of their digital universe and is empowered to make decisions that they chose to make. Sedicii is putting the consumer back in control of their identity.
Traditional KYC is not fit for fast-paced digital transactions. Real-time KYC is now required. Sedicii KYC is a key product in our portfolio of cutting edge Identity solutions. It provides the High Assurance Know Your Customer (KYC) checks at onboarding time. It then continuously monitors that data for changes, in real-time and can refresh that data with full customer consent. This full validation capability enables immediate compliance with Data Privacy (GDPR), Anti Money Laundering (AML) and Know your Customer (KYC) regulations. Behind the scenes market leading background checks and other checks can be performed for higher levels of Due Diligence screening, including Live video interviews to de-risk high-risk customers. Sedicii KYC offers tuneable risk-cost solutions which are particularly applicable in the RegTech and Fintech sectors.
Sedicii Innovations Limited
ArcLabs Research & Innovation
W.I.T. West Campus,
Phone: +353 51 302191
1-15 Clere St.,
Phone: +44 20 8144 8279
Sedicii Innovations S.L.
C/Fotografo Jose Norberto Rodriguez
Diaz Zenon 2
Piso 3 Oficina 3-5