What is Ryder?
Ryder is a decentralized identity hardware wallet that gives you ownership over your digital identity. While the main focus is on identity management (as opposed to cryptocurrencies), the wallet contains private keys used to both authenticate identities for apps and access crypto. How has Ryder progressed since you received a Stacks grant?
A lot of the funding has gone towards designing the product’s identity through branding (since it’s an identity wallet!). This involved ordering and developing prototypes, which will be shipped to ten people from the Stacks community (whom we affectionately call “Ryder Pioneers”). The wallets can be worn on your wrist like a watch – they looked great and the ones being sent out are black or white.
We’ve also progressed in market research, discovering that certain areas in Asia have an up and coming market for devices like this. Because of this, we’re pleased to have a newly formed entity in Singapore working with us.What kind of impact does Ryder have on users?
A decentralized identity can be hard to use effectively – if you don’t manage private keys properly, information can be lost, and you risk losing your crypto. There are many scary stories about private key theft, so we at Ryder believe that keys should not exist on a user’s machine, or a USB stick that could be lost. With Ryder, keys are instead stored on a separate hardware device, which reduces risks of theft or losing keys.
The wallet aims to combine convenience and security. It brings users an easy experience, with no need to memorize passwords, and the device can stay unlocked for a user-definable time period. It’s also a secure form of decentralized ID that you could take anywhere with you - the digital equivalent of a conventional wallet.What are your future plans for Ryder?
hope that the ten shipped units are a success, and we’ll work with any feedback received. Firmware and usability updates are needed to ensure that those units are compatible with the latest Stacks.js package.
Following this, we plan to launch a crowdfunding campaign to solicit further support from those who believe in the project. Some recent posts about Ryder have generated lots of buzz, which is amazing! Additional funding will give us the chance to ship more products than the current ten, and ultimately give others a taste of using Ryder.
Interested in grabbing a Ryder wallet for yourself? Sign up and learn more here