REMME ICO review

REMME is the Distributed Public Key Infrastructure protocol with a set of DApps for Access Management. 65% of confirmed data breaches involve weak, default, or stolen passwords and cybercrime costs the global economy around $400 billion annually. REMME is building the distributed Public Key Infrastructure (PKI) solution, which prevents phishing, server and password breach, and utilize SSL/TLS protocol to protect the entire channel from attack. The REM token powers all operations within the ecosystem including certificate generation, revocation, and rewarding of nodes which safeguard the network.

The primary means of accessing various local and network resources today is via password, a method that has proven itself as a way of identifying and securing users and resources. However, it has one serious drawback: in the event of a password being stolen, the attacker gains access to all of the account-holder’s data. Moreover, because users often deploy the same password for multiple services, the situation is exacerbated, while weak passwords can be a subject to vocabulary attack. Password databases from a variety of resources periodically fall into open access, exposing hundreds of millions of passwords to hackers.

Even where the affected user has the ability to change their password, their account is still vulnerable, since the user's mailboxes are usually protected by a password that is often the same as that used on other resources. Thus, passwords cannot serve as a sufficient instrument for protecting user data and guaranteeing the security of the user session.