BPassword, a password management tool based on blockchain technology, recently announced the completion of its angel round of financing led by the well-known investment institution Eagle Fund and followed by Linkmass Technology.
According to the official statement released by BPassword, incidents of property loss due to the loss of digital assets such as passwords, private keys, and mnemonic words have become more frequent in recent years. Therefore, BPassword provides tool that combines encryption technology and distributed storage, which can effectively help billions of Internet users manage their accounts and passwords.
Chen Caigen, founder of BPassword, said that BPassword was the first company that provided non-financial applications by using the blockchain technology.
The goal of BPassword is to use the blockchain technology to replace 1password, the world's largest password management tool, and to extend the application of BPassword from password management to blockchain digital identity management.
Through password management, people in the non-blockchain industry can also experience benefits brought by the blockchain.