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What role does Trusted Computing and the TPM play in authentication?

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What role does Trusted Computing and the TPM play in authentication?

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The TPM provides secure storage and key generation capabilities, similar to other hardware authentication devices, so it can be used to create and/or store both user and platform identity credentials for use in authentication. The TPM can also protect and authenticate user passwords, thereby providing an effective solution of integrating strong, multifactor authentication directly into the computing platform. With the addition of complementary technologies such as smart cards, tokens and biometrics, the TPM enables true machine and user authentication.

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