• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

Mobile ID World

Mobile ID World

Identification Revolution

  • Mobile ID
    • What Is Mobile ID?
    • Identity Associations
    • Premier Partners
    • FAQ
  • News
  • Solutions
    • Behavioral
    • Facial Recognition
    • Fingerprint Biometrics
    • Iris Biometrics
    • Second Factor
    • Smart Cards
    • Smartphones
    • Vital
    • Voice
    • Wearable Tech
    • Other
  • Applications
    • Access Control
    • Cloud Technology
    • Commerce
    • Enterprise
    • Healthcare
    • Identification
    • Internet of Things
    • Law Enforcement
    • Strong Online Authentication
  • Exclusive
    • Interviews
    • Featured Articles
    • Podcasts
  • Companies
  • Events

Yoti’s Biometric Tech Helps to Facilitate UK’s First Blockchain-Based Home Sale

April 18, 2019

Yoti's Biometric Tech Helps to Facilitate UK's First Blockchain-Based Home Sale

Yoti is further illustrating the versatility of its digital identity platform with the news that the UK government’s housing department has used it in a trial of blockchain-based home sale.

Part of Her Majesty’s Land Registry’s ‘Digital Street’ R&D program, the blockchain home sale was facilitated in partnership with Yoti, Premier Property Lawyers, Barclays, ShieldPay, and the Mishcon de Reya law firm. Essentially, the idea was to demonstrate how blockchain accounting could be used to establish an irrefutable record of the sale, with Yoti’s biometric technology being used to verify the identities of the participants.

Yoti has already been demonstrating the utility of its mobile selfie-based authentication platform in a number of areas, including customer age verification in the sale of alcohol and confirming users identities when accessing e-government services. By applying facial recognition and document reading technologies to images of users’ faces and their official IDs, Yoti’s system can establish a reliable virtual credential that can be used in a number of other ID applications.

In the case of HMLR’s blockchain-based home sale experiment, Yoti helped to smooth out the usually onerous process of confirming the identities of each and every participating in the transaction, from mortgage lenders to HMLR officials. And the project appears to have been a success, with Stefan, the seller of the home used in the project, attesting in a statement that the process “was really straightforward.”

“It shows how technology like this can help make everything so much quicker and you can see clearly what’s happening at every stage,” he said. “If this is the way forward, it’s going to make everything easier.”

Filed Under: Industry News Tagged With: Biometric, biometric authentication, biometrics, blockchain, blockchain biometrics, e-government, facial recognition, mobile biometrics, selfie authentication, Yoti

Related News & Articles

FaceTec Announces $30,000 Biometric Spoof Bounty

IAV Picks FaceTec For Connected Car Biometric Access, To Demonstrate at CES

American Green Vending Machines Choose Jumio For Customer Verification

Primary Sidebar

Register For the Next Virtual Identity Summit

Register now!

Tweets

Sponsored Links

facetec logo

FaceTec’s patented, industry-leading 3D Face Authentication software anchors digital identity, creating a chain of trust from user onboarding to ongoing authentication on all modern smart devices and webcams. FaceTec’s 3D FaceMaps™ make trusted, remote identity verification finally possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for Liveness and 3D Face Matching with millions of users on six continents in financial services, border security, transportation, blockchain, e-voting, social networks, online dating and more. www.facetec.com

FACEPHI is a global leader in Facial Recognition technology and in Mobile Biometrics technologies. With a strong concentration in the financial sector, FacePhi’s product is rapidly becoming a service used by banks all over the world. Its implementation doesn’t just save money, it is also a way to attract clients and build loyalty, while increasing the security of transactions for both the customer and the business. To learn more about FacePhi, visit https://www.facephi.com/en/

Recent Posts

  • Thai Authorities Approve Mobile ID for Airport Boarding
  • New Yoti Solution Ties Biometrics to e-Signatures
  • Kenya’s New President Pushes for Digital ID By Year’s End
  • MDL, Digital ID Gain Momentum in State Efforts
  • Brazil-based Selfie Onboarding Startup Reports 250% Sales Jump, Global Expansion

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives
  • CCPA: Do not sell my personal info.

Follow Us

Copyright © 2023 MobileIDWorld