Using BCrypt technology to store the password into database as a hash. Though it may be bit slow compared to fast hashing algorithm like MD5, SHA-1, etc, we decided to go as security is more important.
In .Net I have implemented using http://bcrypt.codeplex.com/
BCrypt.Net.BCrypt.HashPassword("Password", BCrypt.Net.BCrypt.GenerateSalt(12));
In our site where administrator will create the user-name and password for new user.
There is no issue in storing hashed password. But if admin want to update the password he need to see the old password. I dont see any method that decry-pt the hashed value stored in DB in Bcrypt.Net.
Is there any way to generate text from Bcrypt hashed password? However I agree that it should not be possible, but there are some scenario we are put into to do this :(
Update: I decided to use a default password that is stored in some table as plain text and hash that text and store as a password for a user. When user login into the site he will be forced to change the password until he reset. Will this sounds good?