Security News > 2020 > June > Blockchain expert discusses a world without usernames and passwords
Due to the frequency, most of the public and news outlets focus on only the most damaging breaches containing the most sensitive personal identifying information, routinely ignoring the more common hacks that leak usernames and passwords for basic website accounts.
While a number of different options have emerged, Ethereum co-founder Charles Hoskinson said in an interview that blockchain was the key to a passwordless future for the internet.
Hoskinson has become a leader in the blockchain space, co-founding Ethereum with Vitalik Buterin and others before moving on to creating a crypto company called IOHK and a blockchain project called Cardano.
Blockchain proponents have spent years figuring out a unified place to store credentials while also finding ways to prove facts about people by only revealing the minimum amount of information necessary.
"What we build is not about making a bank slightly more efficient or slightly more secure. It's about asking what's a fairer, universal way of doing things. Three billion people are excluded from the world financial system. They're unbanked. The way the system operates, there is no financial incentive to bring them in. But these are human beings just like me. They have hopes and dreams," Hoskinson said.