Biometrics meets “Blockchain” or Identity x IOTA
The full article was originally published by I Am Pass on Medium. Read the full article here.
Distributed Ledger Technologies (DLT) are still a young, but very powerful domain. Unfortunately, most people only focus on one application group (crypto currencies), while there are plenty and even more interesting usages to be explored, build and integrated into real life. One of the next generation DLTs named IOTA/ Tangle (based on a Directed Acyclic Graph, instead of blockchain), points out identity, mobility, supply chain, healthcare and many more application groups to explore on a scalable, zero fee based decentralised trust layer.
Identity (as one of the above applications) is the fundamental key to access any physical, analogue or digital system everywhere in the world today. We carry plenty of plastic ID cards in our wallets, have to remember and safe keep lots of user names and passwords and still have to write down our names onto paper sheets. If we forget or lose any of those IDs, access to our own gym, bank account, office or data gets denied or worse, if stolen, accessed and controlled by somebody else.
The general issue for us, as the everyday user of IDs, is always the trade-off between convenience vs. security. The weaker our passwords, the easier it gets for any hacker to steal our identities; the stronger and more secure we keep our IDs, the harder it gets to manage everything. But even if we decide to manage our IDs at the highest possible standards, we still do not have control or know what companies, governments or any other third party are actually doing with our data (e.g. Facebook).
iampass is a new approach towards identity and access management on all layers:
Every security system is only as strong as its weakest link. Therefore, we are creating a top-to-bottom system, combining the most secure (and hygienic) biometrics based on your unique palmvein structure, state of the art encryption methods and Distributed Ledger Technologies, more specific IOTA, Tangle (“Blockchain 2.0”).
In order to keep and protect privacy we are integrating a Zero-Knowledge-Proof concept that does not require any raw or direct information about your personal details such as name, date of birth, address, etc., but is capable at the same time to verify that you are you and have access to your own information and data. This will help to meet GDPR requirements (due date: tomorrow!) massively.
We are NOT creating a new app, plastic card, password or any other gadget. Instead we are enabling you to become your own pass, by simply using your hand, so you can truly say: I am pass!