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Authenteq has created a fully automated identity verification service using a smartphone app that combines biometric authentication and blockchain technology. This system aims to enhance security in online transactions, reducing identity fraud while ensuring user privacy across various digital platforms.
Authenteq has developed a smartphone-based 100% automated and tamper-proof online identity verification service (Authenteq ID) that uses multifactor biometric authentication, fitting the needs of online/mobile marketplaces, as well as other websites that require or benefit from ID verification such as betting, gaming or dating sites.
This system aims to eliminate user anonymity in online transactions (and therefore drastically reduce identify fraud), while maintaining the highest level of privac…
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