Evin McMullen, co-founder of Privado ID, advocates for a decentralized approach to managing biometric data, citing privacy and security concerns associated with centralized systems. In an interview with Cointelegraph, McMullen pointed out that biometric data often passes through a complex supply chain involving various service providers.
This practice exposes sensitive information to multiple third parties, heightening the risk of data breaches and privacy violations.
McMullen proposes using decentralized blockchain systems with zero-knowledge proofs (ZKP) to mitigate these risks. This method allows individuals to control access to their biometric data without revealing specific details, limiting exposure and offering enhanced privacy.
By using blockchain keys to manage data access, users can better safeguard their information from unauthorized parties.
She also highlighted the economic and security burdens that centralized storage places on companies. Complying with regulations like the GDPR, along with the vulnerabilities associated with centralized data, makes decentralized solutions more appealing. McMullen also raised ethical concerns, referencing historical events to underline the potential misuse of centralized biometric databases in ways that violate human rights.
Privado ID, formerly known as Polygon ID, spun off from Polygon Labs in June 2024 and uses ZKP technology to offer secure identity verification. The platform provides verifiable credentials, in-app identity verification, and reusable credentials across multiple platforms. It supports W3C identity standards and is compatible with Ethereum Virtual Machine (EVM) chains, with plans to expand to non-EVM blockchains. The platform aims to serve various applications, including financial services, decentralized finance compliance, and digital content verification.
Source: Cointelegraph
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October 15, 2024 – by the Mobile ID World Editorial Team
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