The aim of our enterprise is to make Expanded Password System (EPS) solutions readily available to all the global citizens: rich and poor, young and old, healthy and disabled, literate and illiterate, in peace and in disasters.
We expect EPS to stay with us over many generations until humans discover something other than the 'digital identity' for our safe and orderly societal life. We look for the people who share such a long-term view and support us as such.
Expanded Password System invented in 2000, we launched the business operations in 2001 under the name of Mnemonic Security, Inc, which was the world’s first company to provide the software products that offer ‘Hard-to-Forget’, ‘Hard-to-Break’ and ‘Panic-Proof’ digital identity authentication. The business progressed successfully with US$1m commercial adoptions over the first several years.
We started, however, to feel the painful headwind from around 2008 because people got carried away by the hype of wrongly-used biometrics, particularly overwhelming in Japan, even though the versatile practicability of our software was demonstrated by the 5-year use by 140, 000 online shoppers. After struggling in vain for several years, we chose to get out of Japan.
We have successfully made a tangible progress since then. The solid theory of our EPS proposition is made clear by OASIS recognition as a standard candidate, publishing by Taylor & Francis, selection as a finalist by Financial Data and Technology Association for ‘Summit and Awards 2019’ in Edinburgh and adoption by AFCEA for ‘2020 Solution Review Problem Sets’. We are steadily getting recognized as Pioneer and Thought Leader in this domain.
As for the use cases, we are now able to also refer to the 6-year use by 1,200 employees for a corporate network and the trouble-free defense use by army soldiers in the field from 2013 till now with the users increasing 10-fold and set to increase further, which were both achieved in very adverse circumstances of biometrics-dominated Japan.
We came to set up a company in UK as our global headquarters in August 2020. We named it 'Mnemonic Identity Solutions Limited' with the mission of globally promoting 'identity assurance by our own volition and memory' for 'secure digital identity in post-pandemic cyberspace'.
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