TSURUGI Finance capitalizes on the merit of decentralized technology while addressing its disadvantages. The foundation's first security service, "Password Bank", is an excellent example of this. Password Bank is a brand-new security solution based on secret sharing systems.
The disadvantage with traditional decentralized wallets is that if the password is forgotten or the account holder dies, the assets are gone forever. Password Bank allows users to recover passwords by using two or more people who have been allowed by the account holder to authenticate the password. In other words, even if an issue arises, such as a password loss, the assets in the decentralized wallet can be recovered.
Ultimately, the Password Bank technology will be implemented throughout all TSURUGI Finance enterprises, with the potential to be used by governments, financial institutions, and huge organizations all over the world. As the general public begins to participate in the crypto markets, we believe that such technology will deliver significant value.