GoChain Partners with Irisafe for Joint Development of Blockchain Identity Management Solutions
March 07, 2019 at 09:40 am EST
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GoChain announced that it has partnered with IriSafe, Inc. and Blockchain Industries, Inc. to develop blockchain-based identity management solutions. IriSafe is a Singapore-based joint venture between IriTech, Inc. and Blockchain Industries, Inc. IriTech has provided identity solutions to various governments, including the United Nations, United States, and India, as well private companies throughout the world. With guidance from Blockchain Industries, a publicly traded merchant bank focused on the international blockchain and cryptocurrency sectors, GoChain and IriSafe have entered a binding joint development agreement. GoChain will leverage IriTech's biometrics hardware and software development kits in collaboration with IriSafe to provide the world's first blockchain identity management solutions using ultra-secure, government-tested and certified iris-scanning technology. The solutions will be built on GoChain's best-performing public web3-based network, giving users faster transaction speeds and enterprise-level support that are not available with traditional identity management solutions. IriKey, empowered by IriTech's patented iris recognition algorithm which was proven superior in independent U.S. and India government testing, is the first product to be released by joint venture, IriSafe. IriKey is a breakthrough hardware wallet that utilizes IriTech's technology to lock a seed/key with the user's iris data. The resulting so-called "locked seed" can be stored anywhere most convenient to the user (email, cloud, laptop, smartphone, etc.). In the rare chance hackers gain access to the locked seed, they still cannot retrieve the original seed (and thus the keys) without the live irises of the owner. Other hardware wallets use seed phrases as restore mechanisms that are very inconvenient and still vulnerable to security breaches. IriKey users can easily recover their assets with their locked seed and iris scan, in the event the device is lost, broken or stolen.
Blockchain Industries, Inc., formerly Omni Global Technologies, Inc., is a diversified holding company, which is focused on investment opportunities and services in the blockchain space. The Company intends to target and acquire or build a portfolio of virtual currencies, digital coin and tokens, and other blockchain assets within four business verticals, such as digital asset bank and investment management, mining and trading, initial coin offerings (ICOs) and ventures, and media and education. Its tech consulting services include whitepaper review and generation, tokenomics modeling and structuring, investment curation and syndicate structuring, strategic partnerships and alliances, legal and compliance analysis, smart contract creation and auditing. It also offers ICO portal site creation, blockchain technology architecture and development, marketing and social media, and go-to-market plan for product/platform launch.