Together We Stand: Will Biometrics and Blockchain Build a Joint Future?
Biometrics has firmly entrenched itself as one of the leading technological trends of the FinTech Industry in 2015. While Biometrics have been used for more than 15 years now, over the past 12 months there has become a far greater demand for them. A Replacement for PIN. The market numbers speak for themselves - according to prognosis' from different sources, the size of the market is currently larger than 10 bln USD$, by 2020 this number will reach nearly 24 billion USD$, growing at a CAGR of 17.9%. To add on to this, an investigation by Goode Intelligence has shown, that by 2017 more than....
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Biometrics is a new and effective trend in the security industry. HYPR deploys biometrics in financial applications, but also adds the benefits of decentralized technology to enable enterprises to eliminate passwords and replace them with biometrics. HYPR: Biometrics Decentralized. The blockchain biometrics firm, which has worked with Fortune 500 and Global 2000 firms on proof-of-concepts, Rather than storing fingerprints, facial features, iris images, or voice patterns, an end user’s biometric signature is encrypted and stored on-device in a decentralized manner. “So while today a large....
It is now easy to buy biometric data skimmers from the darknet marketplaces with Bitcoin. Passwords are old school. Biometrics is the new-age security solution that is being implemented rapidly across organizations and devices. Almost all the latest smartphone models come with a built-in fingerprint sensor these days. Biometric data is considered to be the most secure form of authentication as it belongs to an individual and can’t be changed. The very advantage of biometrics can soon turn into a security nightmare. An investigation conducted by Kaspersky Labs has unearthed increasing....
Humanode is the decentralized crypto-biometric network based on 1 human = 1 node = 1 vote ethos that brings Sybil resistance to the crypto space. The future of blockchain and biometrics mergeThe merge of blockchain and biometrics has cogent potential. A new emerging ecosystem based on it is here to improve human life as such.The current crypto paradigm is dominated by power- and capital-based schemes. Appearing as an alternative, Sybil-resistant human-based protocols allow reorienting the systems away from such technocratic and oligopolistic narratives, providing true decentralization and....
The People’s Bank of China’s upcoming digital yuan card will feature IDEX Biometrics and fingerprint scanning, according to regional reports. China’s “Digital Currency Electronic Payment” or DCEP is getting closer toward launch by the day. Last week, smart card manufacturer Chutian Dragon and IDEX Biometrics announced the companies are working on a digital yuan payments card. China’s DCEP Will Boast Advanced Fingerprint Identification and Authentication Solutions China’s DCEP continues to make headlines as the crypto asset and central bank-crafted....
Author note: This is the republishing of the joint statement first distributed by Coinbase on the evening of 24 February. In this statement, Mt. Gox has essentially been exiled by other major players. Things aren't looking particularly good at the moment. For immediate distribution: February 24th, 2014 - 10:00 PM ET. The purpose of this document is to summarize a joint statement to the Bitcoin community regarding the insolvency of Mt. Gox. This tragic violation of the trust of users of Mt. Gox was the result of one company's abhorrent actions and does not reflect the resilience or value of....