IOTA has announced its plans to create a biometric ID system that will scam the palm of your hand to verify your identity. While there are a handful of these systems already in existence – mainly used in top-secret facilities – this will be the first open source palm biometric ID.
Rather than working on a closed system – meaning you need to register with every location in order to use this type of ID – it will work using distributed ledger technology (DLT). So, at least in principle, once you sign up you can use it everywhere – pretty neat right?
Scanning Your Vein Pattern
The hardware scanner that IOTA will package into its new system will scan the palm of your hands to read your vein structure and layout. Amazingly, everyone’s veins and arteries form a different pattern – in a similar fashion to fingerprints – so only the person with the corresponding vein and artery pattern can access a certain lock. You can configure your vein and artery structure to link with your bank account, meaning that forgetting your wallet will never be a problem again.
Once you have created an account, system administrators can then configure their device to accept your vein and artery structure for specific locks – such as doors. While shop owners can accept all structures for payments, so the possibilities really are endless.
iampass prototype ID x IOTA scenario: “access granted”
(registered user with access rights to this particular server rack)
Tamper proof audit log files:https://t.co/3aWEFAf0qS…#iampass #IAM #identity #iota #tangle #audit #innovation #datacenter #security pic.twitter.com/hReHJpNLKZ— iampass (@i_am_pass) October 15, 2018
Microsoft Joining the Race for DLT ID
ID that uses DLT is becoming more popular, and Microsoft has joined the race to create the first reliable and widely used DLT ID system. Earlier this week, Microsoft released its white paper outlining how it plans to make a new DLT ID system, which will mean that know your customer (KYC) processes take seconds rather than hours. By reducing the time the KYC process take, businesses will be able to save money as less time is taken, and customers can begin depositing money faster – thus increasing customer satisfaction.
DLT ID Could Help Voters
Currently, there is an ongoing debate in America over whether blockchain voting systems should be allowed. However, if voters had to confirm their ID before they vote with a DLT biometric ID, then confirm once more upon the vote being submitted to the blockchain with the same biometric ID, it would solve many of the issues the system faces. Officials are worried that votes will be intercepted between being made and written to the blockchain, but this double confirmation system could prevent that from happening.
DLT biometric ID is certainly going to alleviate a number of headaches from daily life, but many people won’t feel comfortable storing their unique vein and artery structure on a blockchain. People could fear that if their pattern is stolen, they could then be framed for crimes they didn’t commit and have money stolen from their accounts. How IOTA manages to address these fears will define the way this area of DLT progresses.
