Lockstep Technologies - "Safety in numbers"
Lockstep Technologies researches and develops novel privacy and identity solutions using personal security devices.
Lockstep Technologies' R&D has focussed initially on smartcards, internet anonymity, and Card-Not-Present (CNP) payments fraud. Our goal is to enable radically better safety for an individual's identifiers and personal data.
We believe we can stop identity theft, in almost all its forms, as it is known today.
Our flagship solution "Stepwise" uses asymmetric cryptography native to most smart devices today to "encapsulate" Digital Identities, allowing individuals to keep their online personae separate and secure, and in many cases, to thus transact anonymously.
Recognition
See also awards.
- March 2010: Stepwise made the finals of the Asian SESAMES awards in Hong Kong
- February 2009: awarded a place in Finextra's Financial Sector Innovation Showcase
- September 2008: we made the Top Five Asian Semi-Finals of the Global Security Challenge.
- August 2008: we were awarded a place in the Australian Technology Showcase
- October 2007: we won a competitive AusIndustry COMET grant.
How it works
Stepwise uses native asymmetric cryptography to encapsulate sets of personal details (account numbers, identifiers, customer reference numbers etc.). When an individual needs to present their details in an online transaction, such as a Card Not Present payment, they do so using thin client software that seals (digitally signs) the transaction with the pertinent Stepwise capsule. Thus the transaction cannot be tampered with and replayed, the identity cannot be stolen, and the receiver is able to verify the capsule instantly using standard cryptographic software modules.
Please refer to technical information, and a set of peer-reviewed conference papers on our research, at the links on the left.