The Concordium Foundation announced on December 12 that it is collaborating with Hitachi Solutions to conduct the proof of technology on the Concordium blockchain to build a Web3 wallet that uses biometric electronic signatures to improve usability. This groundbreaking project will greatly enhance user convenience and reduce the risk of self-management of the seed phrase needed to easily recover lost wallets.
The Zero-knowledge proof-based and self-sovereign identity frameworks on Concordium blockchain, and their integration into smartphones and other mobile devices, aim to provide enhanced identification capacities verified by a third party that can be used in all types of Internet-based applications without having to reveal sensitive data (users’ information) - effectively, ensuring that users are the sole owner of their identity and personal data.
Hitachi's Public Biometric Infrastructure (PBI) platform is a new public key authentication platform that combines biometric authentication and PKI digital signature technologies. Since biometric information itself is not stored, it prevents misuse and the impersonation of biometric information due to information leakage.
Source: Korea IT Times