FB pixel

IriTech and partners unveil decentralized wallet with iris biometrics

IriTech and partners unveil decentralized wallet with iris biometrics
 

A trio of companies have completed a proof of concept (POC) for a decentralized ID (DID) smartphone wallet secured with iris biometrics. U.S.-founded IriTech, the South Korean Institute of Blockchain Technology (IBCT) and Integra Micro Systems, an India-headquartered software firm, say the new technology could secure personal data in Web 3.0 wallets and eliminate the risk of wallet loss or theft.

The new infrastructure lets wallets connect to chosen service providers. Should the physical device associated with the wallet be lost or stolen, its private key can be restored using IriTech’s iris biometrics.

At the same time, the companies said that the new technology is GDPR-compliant, so the iris biometric information, wallet private keys and seed phrases are not stored locally, but instead accessed via DID from various government, health and other providers.

The new wallet is also compatible with the Aadhaar ecosystem in India and can be used in the onboarding process for the digital ID.

The collaboration among the companies was first unveiled earlier this year.

Berners-Lee discusses decentralized digital ID ‘pods’ at Web Summit

The founder of the World Wide Web, Sir Tim Berners-Lee, took the stage at the Web Summit conference in Lisbon earlier this month to examine new web technologies, including his idea for decentralized digital ID.

According to Fast Company, Berners-Lee discussed the Solid project, now being developed by his startup Inrupt. The company uses Pods (personal online data stores) to give individuals control over their own data.

Solid offers a single sign-on (SSO) feature and aims to enrich one’s digital identity as ‘your life progresses.’

While a system for decentralized storage of digital identity and other data may sound like it is intended as part of web3, Berners-Lee says it is not. The distinction hemakes is that Pods are private, in contrast with public blockchain technologies.

The technology has already been deployed in Belgium for digital economy applications and by the BBC in the UK to power its “watch party” feature.

Article Topics

 |   |   |   |   |   |   | 

Latest Biometrics News

 

Biometrics developers dance with data privacy regulations continues

Biometrics controversy and investments are often found side by side, as seen in many of this week’s top stories on…

 

EU AI Act should revise its risk-based approach: Report

Another voice has joined the chorus criticizing the European Union’s Artificial Intelligence Act, this time arguing that important provisions of…

 

Swiss e-ID resists rushing trust infrastructure

Switzerland is debating on how to proceed with the technical implementation of its national digital identity as the 2026 deadline…

 

Former Jumio exec joins digital ID web 3.0 project

Move over Worldcoin, there’s a new kid on the block vying for the attention of the digital identity industry and…

 

DHS audit urges upgrade of biometric vetting for noncitizens and asylum seekers

A recent audit by the DHS Office of Inspector General (OIG) has called for the Department of Homeland Security (DHS)…

 

Researchers spotlight Russia’s opaque facial recognition surveillance system

In recent years, Russia has been attracting attention for its use of facial recognition surveillance to track down protestors, opposition…

Comments

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