Production wallets combine passwordless ChainIT ID with transaction-specific authority checks, advancing Agentic Web3 Complete Commerce during TOKEN2049 Week.
SINGAPORE, Oct. 7, 2026 /PRNewswire/ — ChainIT Inc. today announced production availability of its organizational Multi-Party Computation (MPC) wallets, connecting passwordless ChainIT ID with transaction-specific authority checks before signing. This release requires a verified, authorized organizational member to approve each transaction signed through the wallet. The capability is included at no additional cost in each ChainIT organizational digital identity profile.
The announcement follows ChainIT’s October 6 presentation of its Agentic Web3 Complete Commerce architecture during TOKEN2049 Week. The wallet launch focuses on the people and organizations behind those transactions: confirming who they are, confirming they are currently authorized to act, and requiring their approval before any funds move.
“A password is not a verified identity, and logging in is not authority to move company assets,” said Jeremy Blackburn, Founder and Chief Executive Officer of ChainIT. “ChainIT connects who you are, what you are authorized to do and the transaction you approve. Your face is your password. Your authority is verified before the wallet signs. That is a Web3 solution for Web3 companies.”
No memorized password. No blanket permission.
Passwords and passphrases can be copied, shared, phished or forgotten. ChainIT ID removes the need for a memorized account password or passphrase, combining biometric liveness, device verification and cryptographic proof of identity. One-time verification challenges remain part of applicable security workflows.
In the organizational wallet flow, the member completes biometric liveness and wallet authentication, then signs an operation-specific approval using their own wallet identity. The live-person check occurs outside the signing enclaves. The Primary enclave—the isolated environment that verifies authorization before signing—then confirms that the wallet-signed approval came from a registered member of the organization and matches the requested action.
Authority before every transaction – not just at onboarding
Before any transaction is signed through the organization’s wallet, the Primary enclave runs a series of checks. It confirms that the wallet approval is valid, that the person is still an active member of the organization, and that the approval matches the exact action and transaction being requested. Each approval also expires after a short time and can be used only once. Logging in or approving one transaction does not give anyone permission to carry out a different one.
ChainIT’s organizational governance model connects officer registration, assigned roles and authority, and attested wallet policy. Invitations, member additions and member removals require their own verified authorization. The objective is to connect not only who may transact, but also who may change the permissions governing future transactions.
Distributed signing without assembling the private key
The organizational wallet uses two-party Multi-Party Computation (MPC) signing. Its signing key is represented by two separate cryptographic shares, each protected inside an isolated AWS Nitro Enclave. Both enclaves must participate to produce a standard Ethereum-compatible signature without reconstructing the complete private key. Persisted MPC key material is encrypted.
A member’s personal authorization key is separate from those organizational signing shares. The member approves the specific action; the Primary enclave verifies the authorization before initiating the joint signing process. The organizational shares remain within the enclave infrastructure, not on members’ devices. Neither MPC party can produce the organizational signature alone.
A Web3 solution for Web3 companies
ChainIT ID can be used wherever ChainIT-enabled applications support it, rather than requiring a new password for each participating service. Each integration retains its applicable verification, authorization and product requirements. ChainIT invites wallet providers, exchanges, marketplaces, payment platforms and enterprise Web3 teams to explore integrations for verified access and governed organizational transactions.
“Web3 companies need more than just another way to sign a transaction,” said Eric Tacl, PhD, Executive Vice President, Verified Payments and Commerce, at ChainIT. “They need to connect the verified person, the organization, the appropriate level of authority and the action. Passwordless access simplifies the experience. Verifying authority for each specific transaction gives businesses control over what happens next.”
The production wallet adds a human-authorized execution component to ChainIT’s broader Complete Commerce architecture, which places authority and transaction-specific compliance before execution and preserves transaction evidence. This release covers transactions approved by people. Full integration with partners’ systems and transactions carried out by AI agents within set limits are being developed and tested separately.
Availability and TOKEN2049 meetings
The organizational MPC wallet is available in production as of October 6, 2026 and is included in new ChainIT organizational digital identity profiles at no additional cost. Existing organizational wallets are being migrated from the prior model. Supported functionality and integrations vary by deployment.
Dr. Eric Tacl is representing ChainIT at TOKEN2049 in Singapore and is available for media, product and integration discussions. Meeting requests and further information are available through ChainIT’s TOKEN2049 Singapore page.
About ChainIT®
ChainIT is native Web3 infrastructure for verified identity, provable authority, compliance and Complete Commerce. Its Web3 architecture is supported by a portfolio of 15 issued patents. ChainIT connects passwordless identity, organizational governance, digital agreements, payments and verifiable transaction evidence, bringing authority and accountability to commerce involving people, organizations and AI agents.
ChainIT technology already supports treasury operations at major U.S. banks, connecting its Web3 foundation to established financial infrastructure. Through ChainIT ID, organizational MPC wallets, Pactvera and ChainIT Pay, the platform connects who is acting, what they are authorized to do and the transaction they approve across ChainIT-enabled environments.
ChainIT® — The Authority on Authority™ for Agentic Commerce.
https://chainit.com/singapore-token2049/
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