FB pixel

IriTech’s IriSafe partners with GoChain to develop biometric blockchain solutions


Distributed ledger company GoChain has partnered with IriSafe, a collaboration between IriTech and Blockchain Industries Inc., to jointly develop blockchain-based identity management solutions.

Blockchain Industries is a publicly traded merchant bank focused on the international blockchain and cryptocurrency sectors. It provided guidance for the agreement, under which GoChain will collaborate with IriSafe to leverage IriTech’s biometric hardware and software development kits for blockchain identity management solutions using highly secure iris scanning technology tested and certified by governments. The solutions will be built on GoChain’s high-performance public network based on web3 technology for faster transaction speeds and enterprise-level support, and the companies say they will be the first of their kind.

“Blockchain-based digital identity management solutions are sorely needed, and we are thrilled to partner with IriSafe and Blockchain Industries to offer this unforeseen level of security,” says Jason Dekker, CEO of GoChain. “IriTech’s iris recognition algorithm is truly revolutionary, and we look forward to exploring all its applications for the blockchain.”

“We are incredibly fortunate to work with GoChain, the fastest, most reliable, web3 based blockchain protocol,” adds Dr. Daehoon Kim, who is CEO and president of both IriSafe and IriTech. “This partnership presents the opportunity to be an industry leader in the blockchain-based identity management space.”

The IriKey hardware wallet, which uses iris data to create a “locked seed,” will be the first product released by IriSafe. Unlike other hardware wallets, IriKey uses iris authentication instead of a “seed phrase” as a restore mechanism in case the device is lost or destroyed, making it more convenient and less vulnerable to breaches, according to the company.

Combined solutions from GoChain and IriSafe could potentially be used for national IDs, private keys, e-voting systems, user rights, and refugee food distribution.

IriTech seems to be focused on the blockchain ecosystem for partnerships recently, with a deal to provide customer authentication technology to tokenized precious metals platform Gigzi announced in September.

Article Topics

 |   |   |   |   | 

Latest Biometrics News


Smile ID surges past 150M identity verifications completed

Selfie biometrics provider Smile ID (formally Smile Identity) has achieved the completion of 150 million identity verifications – five months…


Incode age assurance gets stamp of approval from ACCS

Incode Technologies has announced that their Incode Identity Platform product has received certification under the Age Check Certification Scheme (ACCS)….


Arana launches police biometrics app for HID scanner

Arana Security has launched a new mobile app for mobile biometric fingerprint readers from HID used by law enforcement. The…


Fraud hammers online services, drives AI ambivalence

Fraud rates are spiking just like temperatures in many parts of the world. Global identity verification companies Sumsub, AuthenticID and…


Contractor distances self from biometric device failures in South Africa elections

A Johannesburg-based company, Ren-Form, which supplied biometric hardware to the Electoral Commission of South Africa (IEC) says it is not…


Online age verification requirements in US legislation raise thorny problems

More than a dozen bills have been introduced in the current U.S. Congress that, if enacted, would increase protections for…


Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Most Read This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events