IriTech and its partners unveil a decentralized wallet with iris biometrics

A trio of companies have completed a proof of concept (POC) for a decentralized identification (DID) smartphone wallet secured with iris biometrics. Founded in the United States IriTechthe South Korean Institute of Blockchain Technology (IBCT) and Integra Micro Systemsan India-based software company, says the new technology could secure personal data in Web 3.0 wallets and eliminate the risk of wallet loss or theft.

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

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

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

The collaboration between the companies has been first unveiled earlier this year.

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

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

According fast businessBerners-Lee talked about the Solid project, currently being developed by his startup Interrupt. The company uses Pods (online personal data stores) to give individuals control over their own data.

Solid offers single sign-on (single sign-on) and aims to enrich its digital identity as “your life progresses”.

While a decentralized storage system for digital identity and other data might appear to be planned as part of Web3, Berners-Lee says that’s not the case. The distinction he makes is that pods are private, unlike public blockchain technologies.

Technology has already been deployed in Belgium for digital economy applications and by the BBC in the United Kingdom to feed its “watch party” function.

Article topics

biometrics | data privacy | Decentralized ID | digital identification | digital wallet | iris biometrics | IriTech | web3

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