Advancements in biometric security solutions like facial recognition technology have led governments and organisations alike to utilise this technology.
Facial recognition and other biometrics technologies have gained massive adoption from a wide range of companies in the past few years. In this article, we'll examine how these technologies work. Then, we'll look at some current real-world applications as well as the risks and benefits for individuals and organisations.
Before the rising popularity of the internet, most people relied upon only a few forms of offline identity. As more people started to utilise web-based technologies, we saw a rise in the creation of several, disparate digital identities. As a result, end users today are finding it more difficult to manage data across various platforms while also maintaining data privacy. This is all part of the complex history of digital identity.
Despite having a number of solutions to prevent identity theft, consumers around the world continue to face this issue every day. In this post, we will look at a few stats to see just how common identity theft is, examine the major reasons why it still exists, and assess how blockchain can play a vital role in the future of identity protection.
Innovations in blockchain technology have already begun to change the way the global economy works. Blockchain not only allows for the creation of new digital currencies but also vastly improves the future of consumer protection.
In this article, we feature four major consumer benefits created by the development and adoption of blockchain.