– Imageware is the First Supplier to Embody Biometrics in SSI –
SAN DIEGO, Oct. 4, 2021 /PRNewswire/ — Imageware® (OTCQB: IWSY) (“Imageware” or “the Firm”), a frontrunner and pioneer in biometric identification and authentication, introduced right now that it’s getting into the Self Sovereign Id market with the primary biometrically enabled answer.
With the world inundated with hacking, ransomware, and different cybersecurity threats, SSI will change into the predominant answer to guard and management identities. Including biometric safety to the identification block chain gives the ultimate layer of safety people must trust their information is safe of their digital wallets and solely accessible to them.
Blockchain know-how is prolific and has many use instances, akin to foreign money and provide chain. We imagine blockchain for identification is as large because the web and Cloud computing. It is going to permit an individual to handle their very own personal particulars and provides out credentials as they need. Eradicating the storage of credentials, which have change into honey pots for hackers, is highly effective. This mitigates legal responsibility for corporations who personal the identities.
SSI was born out of the Division of Homeland Safety and would be the wave of the long run because it emerges from requirements our bodies now and turns into commercialized. SSI allows particular person identification holders to totally handle their verifiable credentials with out interference from an middleman or centralized identification supplier, giving them full management over how their private information is shared and used. In the present day, web identities are rooted in accounts that are managed by an middleman. These digital relationships expose shoppers to added threat of their personal info being breached as a result of a single level of failure inside every system.
By including biometrics into SSI, corporations can immediately and extra precisely defend and confirm an individual’s identification in on a regular basis conditions, akin to banking, healthcare, journey, leisure, authorities, and extra.
As part of the general effort to expedite present initiatives and broaden purposes surrounding the event of SSI-based biometric options, Imageware has joined each the Decentralized Identity Foundation (“DIF”) and Trust Over IP Basis, main requirements organizations for decentralized identification.
“We imagine the best want within the Blockchain is identification administration, the place a lot fraud happens as a result of sheer variety of centralized information repositories which can be hacked day by day. It is going to be a lot safer and extra environment friendly to electronically authorize what info you want to flip over to an entity, akin to your medical historical past to a health care provider, your age at a bar, your title and deal with on the airport, and so forth. By including biometric authentication to your Blockchain identification, you may assure that you just, and solely you, have management over your personal information. We’re centered on constructing options that deal with this presently unmet want in an modern method and drive revenues for Imageware,” mentioned President and CEO, Kristin Taylor.
“As particular person security and privateness considerations change into extra prevalent in our day by day lives, it is vital that we now have higher, extra decentralized strategies of giving people autonomy over their identities. By becoming a member of the Decentralized Id Basis and Belief Over IP teams, we’ll have the ability to leverage their community and assets in our efforts to additional develop a portfolio of SSI built-in biometric options.”
For extra info on Imageware’s SSI technique, click on here.
Imageware identifies, verifies and authenticates who individuals are, not simply what keys and codes they’ve. Our Cloud-based, multimodal biometric options present sooner, correct identification to higher safe communities, information and property. Imageware options are trusted globally by authorities companies, regulation enforcement and personal enterprises. Imageware: Id with Biometric Certainty.
For extra info, please go to www.imageware.io.
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Brian M. Prenoveau, CFA
MZ North America
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SOURCE ImageWare Methods, Inc.