“…the companies explained that that their blockchain biometrics solution ‘will reduce the security risk which has been inevitable for the centralized systems such as banking service certificates or other private certificates.'”
ICT specialist Raonsecure has teamed up with Seoul-based blockchain platform provider theloop to develop a blockchain biometrics system based on FIDO Alliance standards.
The companies are not aiming simply to introduce Raonsecure’s biometric authentication solutions into theloop’s loopchain blockchain solution, but rather to leverage blockchain for a new kind of authentication framework based on biometrics and FIDO standards. In a statement announcing their collaboration, the companies explained that that their blockchain biometrics solution “will reduce the security risk which has been inevitable for the centralized systems such as banking service certificates or other private certificates.”
When Raonsecure joined the FIDO Alliance last spring, there was speculation that the firm, with its extensive business ties in Korea thanks to its expertise in biometric authentication, would prove to be a powerful ally for the authentication standards body. The firm’s new partnership with theloop offers validation of that speculation, and bodes well for Raonsecure’s continuing leadership through its position with the recently launched FIDO Korea Working Group.
It’s also the latest sign that FIDO standards are catching on in Korea like wildfire, with their continued ascent anticipated in the wake of a recently announced regulatory change.