UNLOQ Systems has developed a patent-pending technology that eliminates the need for passwords, offering a more secure alternative for user authentication. Their main service, UNLOQ.io, provides secure authentication, transaction authorization, and encryption keys. They also offer additional services such as an encrypted CDN for configuration files and an application logs management system. The company operates as a distributed team across London, Cluj-Napoca, and San Francisco, leveraging a network of white hackers to test and validate their solutions.