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Fighting Biometric Fraud on the Blockchain

The use of SMS verification codes as a security measure has recently been exposed as a mere stop-gap solution because of the ability of hackers to fraudulently take over phone numbers. Biometrics meanwhile is proving to be one of the best new technologies to combat fraud and identity theft.


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Biometrics may seem like a high concept to many people. Retina eye scanners and handprint door locks evoke images of Netflix sci-fi dramas, but biometric technology is taking place right now. From facial recognition airport security, the latest iPhone fingerprint sensor to desktop computer software, biometric authentication uses unique facial, retinal or fingerprint recognition to confirm a user’s identity, and is being increasingly used to establish bank payments and online transactions.

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