Biometric IT security specialist HYPR has announced a new partnership with BitGo, a cryptocurrency blockchain platform.
BitGo is a security-as-a-service platform offering a blockchain vault for all transactions conducted via the Bitcoin cryptocurrency, reportedly processing more than a billion dollars’ worth of digital money every day. Given the sensitivity of the associated data, the platform necessarily requires sophisticated digital security for its customers, and that’s where HYPR comes in. The company will offer tokenized biometric authentication adhering to FIDO Alliance standards, helping to ensure that Bitcoin users’ digital assets are secure against hack attacks.
In a statement announcing the partnership, HYPR asserted, “Customer inquiries to both companies have steadily grown and revealed key product opportunities for both teams”. Among those are an improved user experience, “blockchain-based decentralized identity”, and authentication adhering to FIDO standards.
“We cannot imagine a better team to partner with and look forward to working with BitGo to bring a streamlined, secure experience to both companies’ enterprise customers,” HYPR concluded.
(Originally posted on FindBiometrics)