COVID-19 has impacted all our lives on a massive global scale. The uncertainty it caused, led to reduced spending in all aspects of our lives, including VC investing. There have been many gradual iterations and transformations of the VC model before the pandemic that have accelerated during this time.
Fast Identity Online (FIDO) specifications support multifactor authentication (MFA) and public key cryptography. Unlike password databases, FIDO stores personally identifying information (PII), such as biometric authentication data, locally on the user's device to protect it.