Humaniq, an Ethereum-based blockchain banking app offering financial inclusion solutions for the unbanked, will be showcasing a live demonstration of the Humaniq mobile app at this year’s Consensus 2017.
The startup said that it will present its biometric authentication technology starting Monday, May 22nd through May 24th in the Wilder Room on the 4th floor of the New York Marriott Marquis from 10:20 AM to 6:00 PM. A part of Humaniq’s larger solution to provide financial services for the mobile and unbanked, the technology has already received positive feedback when its first look was debuted at WIRED Future of Money this month.
“We chose Consensus to give an in-depth look into our revolutionary technology because it is the premier event for discovering innovation in blockchain,” said Dinis Guards, CEO of Humaniq. “We’re excited to unveil Humaniq’ bio ID and give enthusiasts as well as skeptics a first-hand look at what the future of blockchain technology for good looks like.”
Humaniq requires biometric identification from anyone looking to create a wallet using the app. The Mobile Wallet is an interface for both iOS and Android users and provides them with quick access to their balances as well as transactions with other users/merchants. The Mobile Wallet manages private and public keys for the user, which are used to sign transactions locally. It also includes an API for third-party developers so they can interact with the Wallet, access balances and send transactions, according to the official release.
Every wallet user is given coins for passing bio-identification, a process that consists of taking a series of photos, recording videos of the user making facial gestures, and recording the user’s speech. To prevent theft of coins, every user has to pass bio-identification, which takes less than 20 seconds and does not require them to have an e-mail or passport. Following the initial ID, each time a user signs in into the app, he or she must pass an abbreviated authentication procedure, which only requires them to repeat one of the recorded gestures in the front of the camera. It is as easy as unlocking a smartphone to access additional features of the platform, such as action-based emission, Humaniq explained.
Consensus 2017, the third annual blockchain technology summit hosted by CoinDesk, is scheduled to hold from May 22-24 in New York City. It will feature over 100 speakers and 2,000+ attendees from the leading industry startups, investors, financial institutions, enterprise tech leaders, and academic and policy groups who are building the foundations of the blockchain and digital currency economy.
Launched in 2016, Humaniq recently raised $5.2 million its public crowdsale of the HMQ token which concluded on April 27th.