Blockchain Meets Biometrics as BitGo Partners With HYPR
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....
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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....
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....
The biometric security startup HYPR just announced it has raised $3 million to scale its enterprise biometric solutions. HYPR: Biometric Authentication Adds Additional Value to Blockchain Solutions. HYPR, founded in 2014, is focused on two important technologies that may change the way we do business. The company combines biometric security with....
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,....
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....