Kickstarter campaign launched to fund biometrics-based global ID startup
Biometrics-based global identity system startup GID has launched a Kickstarter campaign to raise €25,000 in funding to support software development and manufacturing.
The system captures user biometric data, and uses it to generate a unique, 15-digit alphanumeric code with a proprietary algorithm. The user does not have to remember the code, as it can be accessed with the fingerprint sensor instantaneously, according to launch announcement. GID account holders also receive GID email and messenger accounts, a cloud data storage account with dedicated storage for CVs, and a password manager.
The account is accessed through fingerprint authentication on a trusted device. Accounts can also be accessed with a password, though the stated purpose of the project is to replace passwords entirely.
The effort includes an offer of packages with a GID USB fingerprint sensor, which generates the GID code, along with a GID card, a cloud storage account for a year, and a GID account for a year.
GID account holders will also receive special offers, discounts, and will be able to access a complete and evolving universe of services, the company says. The code, stored on the company’s servers, could be used to access personal, administrative, or commercial services, either physically using the GID card, or digitally on the web, from desktop or mobile device.
Eventually, the company, led by founder and CEO Milad Botros, wants to open locations around the world, and offer medical history and emergency information, as well as secure money transfers and online payments. GID also plans to release an SDK in the future.
The campaign is all-or-nothing, and closes December 6, but if the project goes ahead, backers pledging €5 or more can expect their accounts to go live in June 2018, according to the GID Kickstarter page.