OSLO, Norway, September 13, 2022 – IDEX Biometrics ASA and eSignus are collaborating to jointly develop and commercialize biometric cards for digital authentication and crypto wallets. These biometric smart cards eliminate the need for PINs and passwords to authenticate private keys for crypto and digital assets. Based on IDEX Biometrics sensor technology, the biometric solution is combined into an off-cloud hardware wallet solution that works in conjunction with smartphones to secure online assets. The biometric chip card is expected to hit the market in 2023.
eSignus offers Web3 solutions for custody of digital and cryptographic assets, including hashwallets. As the digital ID verification market expands, estimated to reach $53 billion in 20301, eSignus facilitates the integration of the decentralized economy into business environments on a global scale.
“IDEX Biometrics is meeting the increasing demand for digital authentication, and our collaboration with eSignus creates further opportunities for biometric smart cards.” says Vince Graziani, CEO of IDEX Biometrics. “Partnering with eSignus to enable mass adoption of our high-performance biometric technology solutions will offer customers new ways to protect digital assets and benefit from secure offline user experiences.”
“eSignus greatly appreciates this new strategic collaboration with IDEX Biometrics,” said Daniel Hernandez, CEO and Founder of eSignus. “We are seeing strong demand in the digital authentication market and for our HASHWallet solution, which facilitates the adoption of Web3 and digital assets, PINs and passwords, and mitigates the risk of being hacked.”
1 JUniper, Digital Identity Verification Research Report, 2022
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