But by 2018, it reached a deal with the Stellar Development Foundation (SDF), a blockchain for the lumen cryptocurrency. Keybase, founded in 2014 by Max Krohn and Chris Coyne, who also helped create OkCupid, took its first round of $10.8 million in funding in 2015. Ultimately Keybase's future is in Zoom's hands, and we'll see where that takes us. There are no specific plans for the Keybase app yet. A Keybase blog states: Initially, our single top priority is helping to make Zoom even more secure. We believe there are potential workarounds that will be developed, but the question is how long it will take.”įor its part, Keybase isn’t offering more clarity. Morgan analyst Sterling Auty cites the difficulty of getting Zoom and Keybase platforms together: “One of the big challenges in utilizing end-to-end encryption is how do you support systems that are in conference rooms…. But some wonder whether Zoom can integrate Keybase quickly and effectively. It's not hard to imagine all kinds of interesting permutations from adding Keybase technologies to Zoom. Keybase also features a downloadable virtual wallet for the Stellar Development Foundation’s cryptocurrency blockchain. Team-based file sharing, chat, and open-source version control. Thousands of participants are supported for Besides featuring a PGP-based public key directory, Keybase has its own platform capable of interacting with multiple collaborative apps across a range of devices. On the surface, Zoom and Keybase seem a great match. The deal also could make Zoom a stronger player in some other areas.īut Zoom's recent woes and embarrassing public stumbles call into question its ability to integrate Keybase to best advantage and fast enough to keep pace with competition from Amazon (Nasdaq: AMZN), Apple (Nasdaq: AAPL), Cisco (Nasdaq: CSCO), Facebook (Nasdaq: FB), Google (Nasdaq: GOOGL), Microsoft (Nasdaq: MSFT), and others. On the face of it, the deal seems a great solution to Zoom’s well-publicized security and privacy issues, since Keybase specializes in the end-to-end encryption Zoom lacks. In the latest news, Zoom last week announced its acquisition of encryption startup Keybase for an undisclosed sum.
Efforts by Zoom Video Communications (Nasdaq: ZM) to improve its platform are producing some interesting possibilities - and challenging the vendor to get its act together.
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