HYPR Corp and BitGo reveal biometric-blockchain partnership
01 March 2016 11:56 GMT

Biometric and cryptography solutions firm HYPR has revealed a partnership with BitGo that extends biometric authentication to the blockchain space to secure digital assets, cryptocurrency, identities and private keys.

In a statement, the firms said the partnership will bring HYPR’s decentralized biometric security platform to the digital asset space, enabling a push towards enhanced usability and security across blockchain-centric use cases. Currently, BitGo secures over $1 billion per month in digital assets with over 10,000 transactions on any
given day.

George Avetisov, CEO, HYPR Corp. said: “It’s astounding how often our enterprise clients request a solution for blockchain security upon integration of our technology. BitGo and HYPR share a common view of the importance of decentralized security protocols. I cannot imagine a better team to partner with.”

Mike Belshe, CEO, BitGo, added on the development: “All of our customers are asking how to use biometric security to protect their digital assets. The HYPR team has been laser focused on this and provides a great solution for us.”

The BitGo-HYPR partnership targets use cases such as: decentralized identity, streamlined UX through HYPR-Secure biometric login, and the integration of BitGo’s multi-signature platform for HYPR customers, noted the statement.

The partnership also aims to help enable financial institutions adopting blockchain and biometric security technologies to reduce friction for their customers by providing one integrated solution.

With this partnership comes the adoption of Fast Identity Online (FIDO) security standards, signifying a major push by a digital currency giant towards the FIDO protocol.

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