Precise Biometrics partners with Infinity Optics to develop fingerprint hashing product
Under the agreement, Precise gains exclusive access to Infinity Optics’ QuantumCrypt Platform, with an initial focus of adapting IO’s hash technology to work with Precise’ fingerprint recognition and develop a product. During the initial phase, numerous pilot projects are expected over a period of a few months, followed by the commercialization phase.
By removing the need to store a reference image, the technology minimizes the risk of identity fraud and data breaches.
“Biometrics and cryptography have for a long time been operating in separate fields. This, despite both being components that perform complementary functions used in secure identification. It is very exciting that we have initiated a collaboration with Infinity Optics, our goal is to be the first provider that combine the two fields successfully for fingerprint recognition,” says Precise CEO Stefan K. Persson.
The new technology in development will generate a stable biometric code from the fingerprint image for hashing, without generating a template, according to the companies. They also say the technology enables easy revocation and provides a method to enhance the security of cloud-based identification.
“This is a very strong testament from a global biometric player and we are excited to bring our combined capabilities to one of the more popular biometric modalities in the market,” says IO CEO Alfred Chan. “We have at the beginning of this year created a vision to enable biometrics to do more in the Digital Identity space. I am pleased that Precise and IO share this vision.”
Chan explained to Biometric Update earlier this year why he believes biometric hashing has graduated from a gimmick to commercial viability.
Precise launched multi-modal digital identity product YOUNiQ in February as part of a strategy to form strategic partnerships and develop technologies to move closer to end users.