06 Sep Why Biometrics are here to stay: (Hint, it’s because you become the key to your world.)
Biometric identification is technology that either identifies you or authenticates your identity. You can be identified by matching your picture against a database of imagery or you can be authenticated when an image has been accessed from a specific device. When you unlock a computer, a phone or an application, you are authenticated to confirm a match. This is most often done with a finger print.
Integrating a biometric key and wallet into a standalone wearable smartphone means that people are entirely free from passwords, keys and credit cards.
When Apple first launched the user-friendly biometric identification on the iPhone in 2013, it was novel and new. Now that people are more comfortable with a home button fingerprint sensor that authenticates the user and unlocks a phone, more companies are introducing biometrics into their products. Such as:
- MasterCard is investigating using your heartbeat to verify purchases
- Google is going to confirm you are you with speech patterns
- You can use the CLEARlane to go through security at the airport by tapping your finger
According to Acuity Market Intelligence report, there have been over 200 biometric smartphones introduced since 2013 and the data suggests that there are at least 600 million biometric smartphones being used around the world. Even more exciting is the fact that Acuity projects a huge uptick in annual revenues for the carriers who offer biometric capabilities. The research estimates that the global mobile market revenues from over 4.8 Billion biometric enabled smartphones will reach $6.2 B by 2020.
“Biometrics are a natural fit for the smart mobile devices we literally hold onto nearly every waking hour. The explosion in the use of smart devices over the past five years, along with anticipated growth over the next five — especially in developing economies where sub $100 smartphones have begun to alter the mobile landscape — will bring biometrics into the daily lives of half the global population. By 2020, 100% of smart mobile devices will include embedded biometric sensors as a standard feature” C. Maxine Most Principal, Acuity Market Intelligence – See more at: http://www.acuity-mi.com/GBMR_Report.php#sthash.F8tfSUmd.dpuf
With a biometric key and wallet, people can effortlessly lock and unlock doors, avoid security lines and make payments instantly and securely. In fact, multi-layered and continuous biometric user (wearer) identification provides an extremely high level of security. eyeHand biometrics will revolutionize consumer and enterprise security.