Tokyo-headquartered tech conglomerate Hitachi and telecoms giant KDDI are trialing a retail coupon settlement system that combines blockchain with biometrics, Cointelegraph Japan reports today, July 26.
The trial integrates Hitachi’s Hyperledger Fabric-powered platform with biometric verification technology and KDDI’s existing retail coupon system.
Users’ biometric data, coupon credits, and transaction histories are all encrypted and recorded on the blockchain.
Hitachi says it aspires to use the tamper-proof system to securely update consumers’ coupon balances across stores within the network simultaneously.
The notion of integrating blockchain with biometrics to create immutable and secure ID verification systems has been circulating for some time, with many advocating for its potential benefits.
Once HeyGen’s AI-generated digital avatar is available to the public, users will be able to create a video with a real life-like digital avatar in just two minutes.
One week after introducing the Address Ownership Proof Protocol, or AOPP, the hardware wallet company backtracked on its decision due to customer privacy concerns.
Cryptocurrency transactions in Ukraine will be strictly monitored by the state, although the country’s finance minister admits that it’s not digital coins but fiat cash that criminals and corrupt officials are more likely to use.
Utorg. io is a digital asset exchange based in the U. K. that allows users in Europe and around the world to trade cryptocurrencies with stablecoins and fiat money. What sets the new platform apart from many incumbents is the simplified verification procedure for traders who don’t exceed а daily limit of $1,000.
