HYPR Corp. and BitGo extend biometric authentication to the blockchain space

March 2, 2016 - 

HYPR Corp. has partnered with BitGo, Inc. to extend biometric authentication technology to the blockchain space to secure digital assets, cryptocurrency, identities and private keys.

The partnership combines HYPR’s biometric security with BitGo’s blockchain, a continuously increasing public ledger of all Bitcoin transactions that have ever been executed.

Bringing HYPR’s decentralized biometric security platform into the digital asset space alongside BitGo will lead to improved usability and security across blockchain-focused use cases.

“It’s astounding how often our enterprise clients request a solution for blockchain security upon integration of our technology,” said George Avetisov, CEO of HYPR Corp. “BitGo and HYPR share a common view of the importance of decentralized security protocols. I cannot imagine a better team to partner with.”

The partnership will improve both companies’ customer experience and security needs for a range of use cases, including decentralized identity, streamlined UX through HYPR-Secure biometric login, and the integration of BitGo’s multi-signature platform for HYPR customers.

It will also help enable financial institutions adopting blockchain and biometric security technologies to create a more seamless customer experience by providing a single integrated solution rather than several solutions.

The partnership also marks the adoption of Fast Identity Online (FIDO) security standards, which marks a major digital currency firm’s move towards the FIDO protocol..

“All of our customers are asking how to use biometric security to protect their digital assets,” said Mike Belshe, CEO of BitGo. “The HYPR team has been laser focused on this and provides a great solution for us.”

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About Justin Lee

Justin Lee has been a contributor with Biometric Update since 2014. Previously, he was a staff writer for web hosting magazine and website, theWHIR. For more than a decade, Justin has written for various publications on issues relating to technology, arts and culture, and entertainment. Follow him on Twitter @BiometricJustin.