IrisGuard awarded for biometric blockchain project
16 April 2018 14:29 GMT

IrisGuard was chosen as “International Innovator of the Year” by a fntech magazine for its breakthrough work using its EyePay biometric technology combined with the Ethereum blockchain.

With EyePay, users can have their iris scanned, which would automatically trigger the release of their Ethereum private key for payment.

IrisGuard was formally recognized by Lendit Fintech for showing how its securely-enabled point-of-service platform EyePay can use the Ethereum blockchain to allow for the processing of transactions in real time.

Specifically, EyePay is already in use across five refugee camps and is processing transactions to help provide 120,000 refugees with the ability to securely claim their food and escape the abundant amount of fraud and waste that has typically plagued international food charity efforts.

Imad Malhas, IrisGuard’s founder and Managing Director, said it’s all about expansion from here:

“This award could not have come at a better time for IrisGuard as we look to the future with the launch of our mobile Android phones and tablets and revolutionize the world of secure mobile payment applications.”