Imageware to Add Biometrics to Blockchain Powered Self Sovereign Identity
October 04, 2021 at 08:30 am EDT
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Imageware announced that it is entering the Self Sovereign Identity market with the first biometrically enabled solution. With the world inundated with hacking, ransomware, and other cybersecurity threats, SSI will become the predominant solution to protect and control identities. Adding biometric protection to the identity block chain provides the final layer of protection individuals need to have confidence their data is secure in their digital wallets and only accessible to them. Blockchain technology is prolific and has many use cases, such as currency and supply chain. It will allow a person to manage their own private details and give out credentials as they wish. Removing the storage of credentials, which have become honey pots for hackers, is powerful. This mitigates liability for companies who own the identities. SSI was born out of the Department of Homeland Security and will be the wave of the future as it emerges from standards bodies now and becomes commercialized. SSI enables individual identity holders to fully manage their verifiable credentials without interference from an intermediary or centralized identity provider, giving them complete control over how their personal data is shared and used. Today, internet identities are rooted in accounts which are controlled by an intermediary. These digital relationships expose consumers to added risk of their private information being breached due to a single point of failure within each system. By adding biometrics into SSI, companies can instantly and more accurately protect and verify a person's identity in everyday situations, such as banking, healthcare, travel, entertainment, government, and more. As a part of the overall effort to expedite current initiatives and expand applications surrounding the development of SSI-based biometric solutions, Imageware has joined both the Decentralized Identity Foundation ("DIF") and Trust Over IP Foundation, leading standards organizations for decentralized identity.
ImageWare Systems, Inc. provides biometrically enabled software-based identity management solutions. The Company develops software that provides indication of a person's identity. Its product include Imageware Biometric Engine is a patented biometric identity and authentication database built for multi-biometric enrollment, management and authentication. The Companyâs products are used to manage and issue secure credentials, including national identifications (IDs), passports, driver licenses and access control credentials. The Companyâs products also provide law enforcement with integrated mug shot, fingerprint LiveScan and investigative capabilities. The Company also provides comprehensive authentication security software using biometrics to secure physical and logical access to facilities or computer networks or Internet sites. Its products also include Imageware Proof, Imageware Capture, Imageware Identify, Imageware Credential, Imageware Digital ID and Imageware Authenticate.