NEW YORK, July 20, 2018 /PRNewswire-PRWeb/ -- Hydrogen, recently named "FinTech Startup of the Year," releases the Hydro mobile app, the world's first security and identity management app that utilizes the public blockchain. The first feature implemented on the app is 'Raindrop', Hydrogen's multi-factor authentication protocol built on the Ethereum blockchain. The Hydro app and Raindrop secures user accounts, transactions, and payments.
"We believe the Hydro app will change the way the world thinks of blockchain projects. We have focused on integrating real-world use cases that bring measurable improvements, without the hype. The Hydro app is designed so users don't need to have a PhD in cryptography, or understand anything about how the blockchain works. This is the future of blockchain," says Hydrogen's Head of Product Matthew Kane.
About the App
- Free for any company worldwide to implement and free for any person to download and use
- Setup uses advanced cryptography and takes on average only 30 seconds
- Decentralized & more secure alternative to email, SMS, and Google Auth, which are the dominant ways firms implement 2FA
- If a user changes or loses their phone, the app comes with seed phrases for instant recovery
- Over 100,000 people are projected to use the Hydro app shortly after launch, making it one of the largest Ethereum dApps in the market
"Centralized financial security is obsolete, as we have seen with recent hacks of Equifax, BMO, Coinrail, Bancor, and Bithumb. Raindrop is just the beginning. Our next two protocols, Snowflake and Ice, will bring decentralized identity & document management to the Hydro app, on top of the authentication. When complete, we believe our mobile apps will improve the financial lives of over 1 Billion people globally," Kane concludes.
The Hydro App is now available for download in the Apple and Google app stores.
About Hydrogen
Hydrogen is the global financial platform of the Web 3.0. The platform includes APIs, protocols, libraries, apps, and dApps for financial developers & enterprises. Hydrogen's blockchain product Hydro enables private financial systems to seamlessly leverage the public blockchain to enhance authentication, identity verification, document management, payments, and machine learning. Hydrogen is based in the Flatiron section of New York City, and is profitable in its first year of business.
For more information and a list of Hydro app launch partners, visit our site.
SOURCE Hydrogen
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