IOTA’s Tangle Technology to Power IAMPASS’s Digital Identity Solution
IOTA Foundation announced on Monday that IOTA’s Tangle Technology will be used to power a new Biometric authentication system by IAMPASS.
Digital Identity is one of the use cases aimed to be solved by DLT, IOTA’s unique Tangle Technology is taking strides in this direction to solve this problem which will be a key component to its vision for smart city solutions.
IAMPASS is a startup aimed to solve user identity and privacy problems using DLT, the company has chosen IOTA’s Tangle Technology to work on its Proof Of Concept for “a new biometric authentication system that uses a person’s palm vein pattern as means of identification.”
Their technology will be used to scan the structure of a person’s hand to create a unique identity, based on which further identification and authentication can be enabled. Some of the use cases for this solution would be implemented in airports, data centers, stadiums, etc to ensure high security of the data.
Dominik Schiener, Co-Founder of IOTA Said:
“we are excited about the IAMPASS Proof of Concept, which uses the IOTA permissionless distributed ledger to make identity not only portable, but also give users access and ownership over their own data. With the maturation of identity solutions like these, we will see the IOTA ecosystem providing a key technical puzzle piece for the adoption of distributed ledgers,”
The Co-Founder of IAMPASS says that the decision to use IOTA’s Tangle came to fruition after considering and studying other alternative Blockchains like Ethereum, NXT, Waves and more.
Nino Ulrich, Co-founder of IAMPASS Said:
“We started our evaluation process of several DLTs in early 2016, including Ethereum, NXT, Waves, Steem and more…The IOTA Tangle’s unique features such as the lack of miners or transaction fees, and its intrinsic scalability, make it a natural choice for us,”
IOTA had received a green light from the EU for a smart city consortium which was a big step in the realizing IOTA’s Vision. Digital Identity is one of the most important parts of this ecosystem, if IOTA is able to solve this problem with a secure and seamless solution it will be a big step forward for the technology.
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