Decentralized Finance (DeFi) is poised to transform the entire financial services industry by creating peer-to-peer alternatives to traditional financial services and institutions.
However, despite its potential, the technology is still slow, fragmented, and complex. Performance speed and simple user experiences are required to generate mass adoption of blockchain solutions, like DeFi.
AIKON provides real-world solutions that are easily integrated by businesses seeking to onboard their existing or emerging client base to DeFi applications.
ORE ID is one such solution. Built on ORE Network — a decentralized chain designed to handle identities, digital asset management and is connected to other blockchains — ORE ID enables users to benefit from multiple blockchain DeFi apps with a single login.
Additionally, ORE Vault, our multisig non-custodial cryptocurrency wallet gives corporate users the opportunity to explore the abundance of DeFi options with ease and impeccable safety.
ORE ID: DeFi Made Easy
AIKON’s universal authentication and authorization platform for blockchain, ORE ID, works on web, mobile, and legacy applications. Businesses implementing blockchain DeFi applications can integrate ORE ID to onboard their clients in a few easy steps.
Customers are able to access applications through familiar login processes, such as email, phone, and social media accounts — including Google, Facebook, Github, LinkedIn, and more.
On top of ORE Network, businesses can use AIKON’s ORE ID with applications built on the three most popular blockchains in DeFi:
- Algorand: the only network that solves the ‘Blockchain Trilemma’, in which all three key elements of an ideal blockchain — scalability, decentralization, and security — are achieved without sacrificing any of them. Many businesses use the Algorand Standard Assets (ASA) to build fungible and non-fungible tokens (NFTs) for their dApps on blockchain.
- Ethereum: the overwhelming majority of DeFi applications are built on Ethereum, as it’s widely used by developers and one of the most reliable blockchains supporting smart contracts. With ORE ID, companies can make Ethereum-based DeFi apps function like any other web application and developers can build dApps on Ethereum to achieve wider adoption, faster.
- EOS: EOS is preferred by enterprises looking for fast and secure transactions. EOS’s Delegated Proof of Stake (DPoS) ensures network scalability.
ORE Vault: Securely Manage Funds
While an improved user experience would change the DeFi space for the better, it shouldn’t come at the expense of security. ORE ID and AIKON’s ORE Vault — an enterprise-grade shared wallet that empowers teams with transaction visibility and digital asset management— provides end-to-end encryption and a hierarchical permission structure.
The non-custodial wallet solution is aimed at enterprises, which can build as many shared wallets as needed in order to ensure the smooth management of corporate operations and secure storage of crypto funds.
Each wallet can be created on different blockchains with its own governing policies. Despite the advanced security provided by ORE Vault, end-users will find the solution intuitive and simple to use.
ORE ID and ORE Vault allow customers to navigate the DeFi journey safely and without hassle.
Learn more about AIKON’s solutions and how they can be integrated for a better DeFi experience.
AIKON, a San Francisco-based VC-backed firm, was founded in 2017 to enable the digital asset economy and empower users from all over the globe by securing their personal information via blockchain.
AIKON has developed the Open Rights Exchange (ORE) protocols to manage access to digital rights and access and has been enabling mainstream blockchain adoption with its ORE ID secure identity service and ORE Vault — shared wallet for teams. With its solutions, AIKON aims to foster a new era of secure identities that protects users and their data, powered by the blockchain.