At METRARCTM we are using novel and promising technology for deriving secure encryption keys from the properties of digital systems, addressing a major area in the security domain, which is currently recognised as inhibiting the economic expansion of online services. METRARCTM has developed novel solutions for increasing security which is relevant to many sectors including e-commerce, m-commerce, on-line and banking and Internet of Things(IoT).
The digital revolution has transformed the way we create, destroy, share, process and manage information, and has brought many benefits which businesses, governments and consumers have become dependent upon. However, digital technology has also increased the opportunity for fraud and other related crimes; therefore it is vital to ensure the integrity and authenticity of such digital systems. Widespread adoption of encryption technology is seen, by most, as the solution to digital security problems, although in practice, established encryption systems are limited by their reliance on the storage of the keys used to encrypt and decrypt data as this is potentially inefficient and insecure. Metrarc’s technology has an additional level of security as there is no requirement to store encryption keys or an other encryption data.
When keys are usually generated for the purpose of encrypting data, they are stored as templates. The METRARC™ system does not store templates, as it operates on pioneering ICMetric technology; therefore it uses features of an individual device to generate an encryption key.