Humaniq demonstrating biometric wallet app at Consensus 2017

Blockchain technology startup Humaniq is conducting a live demonstration of its Ethereum-based blockchain banking app at CoinDesk’s Consensus 2017, this week at the New York Marriot Marquis, according to a report by Econotimes.

Designed for both iOS and Android users, Humaniq’s Mobile Wallet provides users with quick access to their balances as well as transactions with other users/merchants.

The app manages private and public keys for the user, which are used to authorize transactions locally.

Humaniq also offers an API for third-party developers to enable them to interact with the Wallet, access balances and send transactions.

“We chose Consensus to give an in-depth look into our revolutionary technology because it is the premier event for discovering innovation in blockchain,” said Dinis Guards, CEO of Humaniq. “We’re excited to unveil Humaniq’ bio ID and give enthusiasts as well as skeptics a first-hand look at what the future of blockchain technology for good looks like.”

Every wallet user receives coins after passing a multi-factor biometric check, which consists of taking several selfies, recording videos of themselves making facial gestures, and recording their speech.

The multi-factor biometric checking process takes less than 20 seconds and does not require users to have an email address or passport.

Once establishing their initial ID, users can then sign into the app where they will be required to complete an abbreviated authentication procedure.

Launched in 2016, Humaniq raised $5.2 million from its public crowdsale of the HMQ token which ended last month.

Article Topics

biometrics  |  blockchain  |  Humaniq  |  identity verification  |  mobile banking