Two-Factor Verification in Response to Shared Economy Challenges

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A new technology provides a quick, easy confirmation that the person you’re looking at is the person they say they are.  When the driver, delivery person, or new employee arrives, the app automatically notifies you that their identity is confirmed. By using each person’s phone as a unique identifier, Powch Verify app can contribute to public safety.

The technology launched by Powch, an Aspire company, will enhance security seamlessly and easily at a time when shared economy safety is undergoing greater scrutiny due to several recent incidents. The product shows early promise with a number of services and businesses in the broader gig economy. “In our current shared service economy, consumers use gig economy platforms to perform tasks that frequently allow strangers into their homes or other personal spaces. Some companies are developing mechanisms to protect users, but the current fixes place too much burden on consumers. In reality, consumers rarely trade away convenience for security,” said Rosco Schock, CTO and Head of Product for the company. 

He said that a two-factor verification technology that doesn’t put any extra burden on customers was needed. “This technology can verify another party without a hassle before we give up our personal safety.”

The solution leverages cryptography and existing mobile infrastructure to accurately deliver quick and consistent verification. It is based on a patent pending Proximity Detection Engine (PDE) that relies upon a multi-factor assessment executed in a matter of seconds to reliably ensure greater security for consumers and workers.

For those who offer shared services, the system can be integrated into an existing platform. Powch is an identity and data-security company that securely enables transactions through a user’s mobile devices (including payment information, health records, banking, passwords, cryptocurrency, etc.) and provides immediate and secure access to the user’s information.

Their technology enables users to share their data how and when they want,

and only with those they specify.