Biometric technology is increasingly becoming an accepted form of identity authentication. EyeLock is on the cutting edge of furthering this technology and is set to be an industry leader as advancements continue.
Most of us have now become accustom to using our fingerprints to unlock our phone or computer and to gain access to buildings. Fingerprint technology has proven useful, but this kind of identity verification can really only take us so far as we venture more and more into the digital world. We want to know that we are secure when using an ATM or our mobile banking apps. And on a larger scale, many businesses would benefit from a less cumbersome and much more secure way to allow employees entry than key cards.
That's where EyeLock comes in. They have been working on biometric identity authentication, specifically with iris detection, for the last 10 years. Statistically, iris detection is the 2nd best way to confirm identity, with DNA being first. Their current product uses iris identity detection for projects like ATM's. Announcements are also forthcoming in places like banking centers and stadiums and the possibilities go on from there. There is a real and necessary use for this type of technology in places like hospitals, for example, which will not only aid in overall security of patients, staff and facility but also in helping to reduce the spread of germs and bacteria. And just think of how the user experience would improve if this technology becomes available when you are going through customs.
The stage has definitely been set for the next level of biometrics. This technology will not only bring about better user experiences for the consumer but will also add new business and revenue models to the OEM's. The way business is conducted all over the world will be changed and new streams of revenue will be created, all while increasing safety for consumers and businesses alike.
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