HYPR Corp./BitGo Partnership Marries Blockchain With Biometric Security
HYPR Corp., a New York, N.Y.-based firm which decentralizes the storage of biometric data to enable secure passwordless authentication across mobile, desktop and IoT systems, has partnered with Palo Alto, Calif.-based BitGo, Inc. to extend biometric authentication to the blockchain space to secure cryptocurrency, digital assets, private keys and identities. The alliance links biometric security with the blockchain. BitGo secures more than $1 billion per month in digital assets with over 10,000 transactions on any given day. The company recently announced a new feature – BitGo Instant,....
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Palo Alto-based Bitcoin security platform BitGo recently announced a partnership with HYPR, a New York-based biometrics security firm, to bring biometric authentication to the blockchain space. The BitGo-HYPR partnership will see integration of the HYPR-Secure biometric login with BitGo’s multi-signature platform, to provide users with a decentralized identity as well as an added layer of security for cryptocurrency, digital assets, private keys and identities through biometric authentication. “It’s astounding how often our enterprise clients request a solution for blockchain security upon....
HYPR Corp. is a biometric security company that focuses on making the financial world safer for consumers and businesses alike. Led by CEO and blockchain enthusiast George Avetisov, the company recently partnered with blockchain security firm BitGo, producing an alliance that could secure the entire finance industry with blockchain-powered biometrics. Bitcoinist got the chance to sit down with CEO George Avetisov to discuss his company, its involvement in the blockchain industry, as well as hurdles faced by both biometric and blockchain security. Tell me a little bit about HYPR. What kind....
HYPR Corp. Device-agnostic Platform has been developing a military class Biometric Authentication system for corporations, government institutions, and other Enterprises. Today, security has become of an extreme importance for any company. While passwords have proven to be a fragile protection for securing critical systems, a new breed of biometric....
Bitcoin wallets are already known to be very secure, as most feature a multisig verification and provide both public and private keys for users. However, recent hacking incidents and online theft could lead some companies to consider biometric authentication. Just recently, HYPR Corp. announced the availability of its biometric authentication SDK which could be used for third-party integration. This means that bitcoin wallets could be able to add yet another layer of security to their services. Bitcoin Wallets Authentication. The HYPR SDK enables enterprises to seamlessly implement....
HYPR, an encryption-specific solution to enable secure biometric login authentication, announced on Tuesday that it has secured $3 million USD in funding from RTP Ventures, Boldstart Ventures and Mesh Ventures. This announcement, coupled with an ever-increasing roster of multi-national customers in the banking industry and beyond, underscores the fact that biometric authentication is a key realm for advancement in login security, person-ability, and user control in securing biometric data. Speaking to the excitement of the partnership, Ed Sim, managing partner and founder at Boldstart....