Blockchain Technology is driving the future of digital identity management, and Face Recognition is leading the way.
In recent years the news of major breaches in security with regard to the exposure of our identities to misuse, has sadly, become common place. And while identity vulnerability is not a new phenomenon, it is becoming increasingly apparent that hundreds of millions of consumer data profiles are in a constant state of compromise — every minute, of everyday.
The digital revolution has created a veritable identity buffet for tech savvy thieves, who have evolved from old school, one dimensional identity theft to advanced identity piracy including the creation of fraudulent accounts and synthetic identity fraud — whereby stolen data is attached to fabricated accounts and identities.
“These centralized databases are central points of failure for your identity,” — Vinny Lingham, CEOCryptocurrency transactions are at risk
This digital fraud is particularly dangerous as the use of digital currency, or cryptocurrency, gains popularity as a means of conducting monetary transactions. Digital currency is outside the restriction and rules of any centralized system such as banks or government — which also leaves it outside the identification verification processes required to transact in those systems. This economic evolution absolutely requires solutions including innovation in digital identity verification.
USE CASES THAT MATTERInvestor/Consumer KYC (Know Your Customer)Digital Wallet Registration & AuthenticationDigital Currency/Token Transaction VerificationDigital identity theft is not limited to fraud
As we engage with social media platforms, sharing our photos, birthdates, likes, dislikes, and creating a clear connection between ourselves and the people in our social networks — closed source software is busy at work building comprehensive data profiles complete with our personal information, from our purchase habits to our political views and everything between.
This information which we so freely share, is being sold, outside of our permission, for profit, to data analysis firms who in turn sell their insights to marketing agencies, who then sell the information to a multitude of interested parties including retailers, political analysts and healthcare providers.
Everything we share on social media is effectively the private property of the platform we are using — to the tune of nearly 2 Billion user profiles being effectively harvested and sold, by Facebook alone. Accessibility to personal information is at an all time high, and everyone is looking to profit from it.
The future of identity verification is here → Face Recognition + Blockchain Technology is the answer
At Kairos, we believe everyone has the right to an Anonymous Digital Identity, because businesses do not need to know exactly who you are, in order to verify that it’s you. We are building the future of digital identity verification, powered by state-of-the-art face biometrics and blockchain technology- to give users the power to control access to identity by securing it on our Blockchain.
WHY CHOOSE FACE BIOMETRICS?Protection from presentation — spoofing — attacks [image, video, masks]Perfect blend of high accuracy and ease of integrationEnables friction-free customer experiencesHardware/camera agnosticIt’s the ‘natural authority’ on human identity
Our Biometric Blockchain enables Users to own their digital identity in a way which protects their privacy by giving them the power to permit, or deny, individuals and organizations access to their information in part or in whole. Any information shared is entirely at the discretion of the true owner.
Enterprises will have the opportunity to verify consumer identity while building moats of anonymous data. This will still offer compelling revenue opportunities through analysis — yet include the rightful owners of the digital identities in the profits by way of voluntary, elective, and incentivized participation in data share.
Enabling digital identities that are secure and versatile
Kairos anonymizes facial data, keeping people’s privacy safe and secure.
Beginning with Face Recognition, we establish feature landmarks (identifiers) and compare them to those in the image enrolled by the user, to determine a match.
When a match is established, rather than linking back to a person’s actual identity, our algorithms will create a face template — a digital identity — by converting these identifiers into a unique and random string of numbers. Once the template is created, the original image can be discarded.
And, we’re always here to talk you through how to bring the benefits of face recognition to your blockchain products.
Feel free to drop us a note at hello@kairos.com — we’d love to help.
’ mission is to make it easy for any business to benefit from face analysis, enriching the experience between humans and machines, and being the premier partner for anything to do with facial recognition.
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