Tech5 has patented a decentralized digital identity verification system that enables secure identity issuance, storage, and verification without centralized databases. The technology supports selectivity in data disclosure and is designed for universal inclusion in digital ecosystems. It is currently being deployed in multiple countries, including those in Africa and Latin America.
Tech5 has received a patent for a decentralized biometric digital identity system, specifically addressing issuance, storage, and real-time verification. The U.S. Patent and Trademark Office issued the patent for the “System and Method for Decentralized Digital Identity Verification,” focusing on creating digital IDs via Verifiable Credentials or 2D machine-readable codes. This system operates independently of centralized databases and does not require an internet connection, facilitating secure identity verification.
The patented technology supports selective disclosure, biometric identity binding, and verification across various modalities while integrating blockchain technology. Tech5’s approach aligns with self-sovereign identity (SSI) principles, empowering users to maintain control of their digital identities.
Embedded within the machine-readable code is a cryptograph that indicates which specific data can be disclosed. The system generates a stable bio-hash from the live biometric sample, with a decryption key derived from shards created using this live biometric information.
This innovative system also promotes universal inclusion, particularly in financial services and digital payment ecosystems. Tech5’s Co-founder, Rahul Parthe, emphasized the company’s commitment to building secure infrastructures that empower individuals in the digital space, noting that there’s ongoing work to ensure digital IDs are trustworthy and accessible for all.
Currently, Tech5 is working on implementing its decentralized digital identity solutions in various regions, particularly in Africa and Latin America, with confirmed activities in countries like the Democratic Republic of Congo, Ethiopia, and Colombia.
Tech5’s recent patent for a decentralized biometric digital identity system represents a significant advancement in secure and accessible digital identity verification. This technology emphasizes self-sovereign identity principles and aims to support universal inclusion in various sectors, particularly finance. As Tech5 continues to develop and implement this system in different countries, it holds promise for establishing a reliable digital public infrastructure.
Original Source: www.biometricupdate.com
