MotoSecure (A Moto Mod Concept) The Story so Far:
After the demonetization drive by the Government of India, we saw a lot of interest in Digital Payments. One day I was assisting my son's nanny fill up a Bank Account Opening Form, I ended up filling 10 forms for other people who were unable to do so themselves. Some were using numbers of relatives while enabling payment services, while there were others who didn't know how to read, and hence share their phones with strangers ( as I was also a stranger to them) for some service, leaving them vulnerable. I came to realise that many did not realise the benefits and risks of linking their Mobile and Aadhaar numbers with the bank account and what safeguards they needed to put in place. This is really what got us started.
The Two-Factor Authentication Problem:
India has been a strong advocate of safety systems when it comes to banking, and we as a nation had two-factor authentication (Netbanking Password/Credit Card Details + An OTP on the Mobile), long before it became a cool must-have feature, courtesy Google using it in Gmail.
While our banking systems still use two-factors, the user scenario has changed, and as our survey showed that 76.29% users have a "Credit Card" already loaded on their mobile phones primarily on E-Commerce Sites ( Amazon, Flipkart, etc.), Travel Sites(Uber, Ola, Makemytrip) or Mobile Wallets (Paytm, Mobikwik), and many of these sites even have an option to automatically detect OTP.
This coupled with the fact that the same survey showed that 12.32% users don't lock their phones, made us realise that some additional security is needed. Hence we decided to use authentication from the UIDAI which can provide independent authentication via Aadhaar enabled Biometrics which provides for 5 Levels of Authentication
This platform can also be leveraged to create a host of personal security, home security, automation solutions and IoT devices also.
Moto Z phones and Moto Collide:
At this time Motorola India, launched a Moto Collide campaign for suggestions for modules for their modular phone range the Moto Z ( Moto Z, Moto Z Play and Moto Z Force). We suggested our idea to them and they liked it immensely at the Bangalore Event and suggested that we enter their global " Transform the Smartphone Challenge ". We have successfully cleared the initial rounds of the campaign and have just completed our target for the crowdsourced funding. You can follow our project at MotoSecure @ Indiegogo and also contribute to it. We are the only Indian company that has achieved 100% funding in this global challenge.
The Device : MotoSecure (A Moto Mod Concept):
MotoSecure bring Standard driven Biometric Identification (Fingerprint Meets ISO 19794-4 and Iris meets FCC Class A, RoHS) to a handheld device to secure your home, your payments and your digital data.
Applications:
While initially intended as an end user safety device, we have received interest from a lot of corporate entities for enhanced security , namely Banks who are interested in using this as a POS device for high value merchants, Corporations (Like Audit Firms, Financial Firms) who would like additional security for client sensitive data on their mobile devices; Service Providers ( Realtor Associations, Passport Services, Proof of Life Services) who provide Aadhaar enabled services; and IoT service providers for using this to enable home and personal security on their systems.
When will it be ready:
We are working with Motorola and are currently on track for a September, 2017 launch towards making Moto Z, the first Aadhaar enabled smartphone.
Guest Post By Ashish Sharma
