LONDON (BUSINESS WIRE) #assets Gigzi, a financial system built using distributed ledger technology, has
struck an exclusive partnership with IriTech, the global leader in
biometric security, to develop secure account access on the blockchain,
through iris recognition technology.
Gigzi enables users to store wealth in tokenised precious metals, that
are redeemable on demand, in a decentralised financial system.
“IriTech is proud to partner exclusively with Gigzi for the development
of security solutions for this exciting new financial technology”, says
Dr Daniel Kim, CEO of IriTech.
Users of cryptocurrency independently manage their wealth, and therefore
seek the highest safety and security standards available. By enabling
users to protect their private key and instead utilise the unique
configuration of their iris for authentication and account access, Gigzi
Iris, developed by Gigzi in partnership with IriTech, will set a new
security benchmark for decentralised applications.
Gigzi and IriTech Scientists and Engineers have been working together
since 2017, the exclusive partnership announces that Gigzi and IriTech’s
technology will reach users in early 2019, when the first-generation
Gigzi Iris security device will be released.
Gigzi Iris will deliver impenetrable blockchain security through
multi-factor biometric authentication, fake iris detection, and iris
scanning video cameras that operate in sunlight, darkness, and through
spectacles.
The Gigzi Iris security device will be powered by IriTech’s iris
recognition algorithm, top-ranked by the U.S. government’s NIST IREX
index and used by millions worldwide. IriTech is a world-leading
provider of biometric security to high-profile organizations such as the
United Nations and the United States and Indian Governments.
“As a cryptocurrency user, I know that account security is paramount.
For this reason, I chose to partner with the leading biometric security
solution provider, IriTech. Gigzi is at the forefront of developing
security protocols for decentralised applications and will be raising
the security standard on the blockchain”, says Gigzi CEO, Mr El Asmar.
The Gigzi crowdsale starts in November 2018. For more information about
Gigzi and the Gigzi-IriTech partnership visit www.gigzi.com
Contacts
Gigzi S.A.
Mr El Asmar
elasmar@gigzi.com
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