1 month ago- Knowledge -
The Power is in Your Hand - Biometric Palm Reading With DLT
October 15, the IOTA Foundation, a non-for-profit organization announced it will develop a new biometric authentication system integrated with distributed ledger technology (DLT) to create a permissionless internet of things (IoT) ecosystem.
The project IAMPASS, will allow individuals to authenticate their identity via palm vein pattern recognition and will be powered by IOTA’s open source, digital ledger, Tangle technology that utilizes directed acyclic graph (DAG) to organize, store and secure data.
The proof-of-concept detailed in an IOTA Medium Post, confronts the challenges of tradition centralized identity service providers and supplant an “innovative alternative, bio-identity, verified and managed on a distributed ledger, provides a system for immediate, reliable and secure digital identity verification.” Upon scanning your palm, a unique blockchain identity is created, a store data that the user has complete control over, easily permissioning other parties access to it.
As suggested in the post, IAMPASS technology would generate immutable audit trails for high-security environments, they list use cases such as data centers, airports, and stadiums as well as facility access points, smart car charging, asset management, and other identity-dependent environments. Once implemented, the system will allow users to control their own personal and with biometrics inbuilt, the system allows unprecedented protection from identity theft.
“Identity is still one of the biggest unsolved problems today, as the inability to easily identify, verify and authenticate causes significant friction for users and service providers worldwide. This is why we are excited about the IAMPASS Proof of Concept, which uses the IOTA permissionless distributed ledger to make identity not only portable but also gives users access and ownership over their own data. With the maturation of identity solutions like these, we will see the IOTA ecosystem providing a key technical puzzle piece for the adoption of distributed ledgers,” said Dominik Schiener, co-founder and co-chair of the IOTA Foundation.
IAMPASS is part of IOTA’s Smart City Initiative that envisions entire cities to operate within a technological mesh, allowing interactions between machines while securing and facilitating data transfer and providing instant and fee-less payments. IAMPASS would be a key component for the project as it allows a secure, convenient way for humans to access and operate the interconnected machinery that surrounds them.
Toan Nguyen, IOTA Foundation Director Business Development & Cloud Platform:
“Distributed ledger technologies are becoming a key component of new smart city and transformative digitalization initiatives, especially with regard to data management and security. The unique design of the IOTA Tangle makes it ideal for the emerging security applications of digital identity and personal data in these connected environments. Together, we expect the IOTA ecosystem and IAMPASS to help drive the next phase of digital identity management for high secure environments like data centers and in the smart city.”
As mentioned above IAMPASS will be powered by Tangle, an open-source digital ledger, that utilizes directed acyclic graph tech as opposed to blockchain to record, organize and secure data. IOTA champion DAG as a solution to blockchain inefficiencies, such as the the phenomenon of mining centralization that is becoming increasingly concerning, as mentioned in the article China’s Potential Threat to Bitcoin.
A directed acyclic graph does not consist transactions grouped into blocks and stored in sequential chains, as in blockchain, but as a stream of individual transactions entangled together.
While the concept is a lot easier to grasp with diagrams that can be viewed here. DAG processes data through a number of nodes all validating each other's transactions. Employing a ‘pay-it-forward’ system, IOTA claim Tangle is both faster than blockchain and completely fee-free. IOTA believe Tangle is the missing link for the Internet of Everything and Web 3.0.
IAMPASS shared a prototype of their palm scanner on Twitter that can be viewed here. IAMPASS explain that palm vein authentication is both more hygienic and secure than fingerprint scanning. The machine scans a hand with ultra-low infrared frequency, a process less harmful and more convenient than iris scanning.
IAMPASS aims to make life easier, we already live in a hugely interconnected and technologically reliant world and it is only becoming more pronounced every day, secure DLT technology partnered with biometrics will enable a much more secure and efficient day to day existence for humanity. It will also be exciting to see the application of DAG technology to such a massive project, I’m sure many will be watching closely if it will be able to fulfill IOTA’s assurances.