Computer-based systems configured to dynamically generate authentication steps to perform at least one action and methods of use thereof

A computer-implemented method comprising:

• dynamically determining, by at least one processor, in an augmented reality, an identity of at least one user of a plurality of users based on a multi-factor authentication;
• utilizing, by the at least one processor, an identity tokenizer to automatically generate at least one temporary identity token associated with the identity of the user for a first predetermined period of time;
• transmitting, by the at least one processor, the at least one temporary identity token to an external computing device for authentication of the identity of the user;
• receiving, by the at least one processor, in response to the transmitting of the at least one temporary identity token, an authenticated digital token from the external computing device to utilize the authenticated digital token for a second predetermined period of time;
• automatically utilizing, by the at least one processor, the authenticated digital token to retrieve a plurality of data items of an account information, stored in an encrypted form from a pre-generated database of encrypted data records;
• utilizing, by the at least one processor, a machine learning algorithm to dynamically predict a frequency of encrypted data retrieved by the authenticated digital token;
• automatically utilizing, by the at least one processor, a security module to dynamically link the authenticated digital token, the predicted frequency of encrypted data, and the plurality of data items;
• generating, by the at least one processor, a unique-universal identifier associated with the security module and the authenticated digital token to automatically authenticate a plurality of activities;
• and
• utilizing, by the at least one processor, the unique-universal identifier and the security module associated with the authenticated digital token to transmit instructions to a plurality of entities to exchange data in real-time to execute the plurality of activities in a physical realm.

A system comprising:

• a non-transient computer memory, storing software instructions;
• and
• at least one processor of a first computing device associated with a user;
• wherein, when the at least one processor executes the software instructions, the first computing device is programmed to:
• dynamically determine, by at least one processor, in an augmented reality, an identity of at least one user of a plurality of users based on a multi-factor authentication;
• utilize, by the at least one processor, an identity tokenizer to automatically generate at least one temporary identity token associated with the identity of the user for a first predetermined period of time;
• transmit, by the at least one processor, the at least one temporary identity token to an external computing device for authentication of the identity of the user;
• receive, by the at least one processor, in response to the transmitting of the at least one temporary identity token, an authenticated digital token from the external computing device to utilize the authenticated digital token for a second predetermined period of time;
• automatically utilize, by the at least one processor, the authenticated digital token to retrieve a plurality of data items of an account information, stored in an encrypted form from a pre-generated database of encrypted data records;
• automatically utilize, by the at least one processor, a security module to dynamically link the authenticated digital token and the plurality of data items;
• generate, by the at least one processor, a unique-universal identifier associated with the security module and the authenticated digital token to automatically authenticate a plurality of activities;
• and
• utilize, by the at least one processor, the unique-universal identifier and the security module associated with the authenticated digital token to transmit instructions to a plurality of entities to exchange data in real-time to execute the plurality of activities in a physical realm.