This project wants to take blockchain to the next 100 million users 

Photo credit: Tenzorum Project

Blockchain is not a major global movement yet; it’s a nascent technology with missing tools for universal appeal. As one prominent Asian VC told me recently, “I’m sick of hearing about blockchain. No one is building anything useful.”

The unofficial consensus is that only 20 million to 45 million people own cryptocurrencies. To understand how small that is, consider that Airbnb has 150 million users, Paypal has 237 million active registered users, and WeChat has over 1 billion users. So, the crypto world remains a quirky novelty despite the hype.

Part of the reason for this is a fundamental problem for blockchain adoption: keys.

What are keys?

Keys are randomly generated hashes. They give users access to applications, rights, benefits, ownership, financial services, identity, and money itself. If you lose the key—which consists of 64 randomly generated characters—all your data, money, and access is lost forever.

An example of a private key

This is a major missing piece in the blockchain ecosystem.

Setting up a wallet address is also a major pain point:

• You need to sign up for a wallet on applications like MyEtherWallet or MyCrypto.
• You need to enter a password that you are supposed to remember.
• Then, you must download the UTC/JSON file and save your own private key.
• And finally, you must try not to lose your private keys and password.

These are all difficult hurdles for newcomers.

Decentralized access is often a myth

Not all the pieces of the blockchain ecosystem are in place yet. In fact, decentralized access is often a myth, as most decentralized applications (dapps) use centralized solutions to manage users’ keys. This fundamentally contradicts the whole libertarian purpose of decentralization.

There is a need in the ecosystem for a decentralized, self-sovereign access control protocol, and that is the problem the open source Tenzorum Project seeks to solve.

What is the Tenzorum Project?

Tenzorum Project is an open source, community-based key management protocol for the decentralized web, creating a decentralized, self-sovereign key management protocol. This has the potential to open doors to millions of new users.

Global community

Global integrations

Complex build