South Korean Military Partners With Raonsecure To Build Blockchain-Based Biometric Id And Authentication Solution For Military
The South Korean Military’s ‘Military Manpower Administration’ has declared that it will be utilizing a new biometric ID and authentication solution produced by Raonsecure, one of the leading cybersecurity firms in South Korea.
Raonsecure is also the team behind TouchEn. TouchEn OnePass is the most famous FIDO (Fast Identity Online) biometric authentication service in Korea and is also the principal FIDO-certified authentication system recently being adopted by financial institutions.
Raonsecure’s blockchain ID solution is being jointly-produced with the Loop, the organization behind the Icon (ICX) blockchain network. The blockchain-based authentication system will be created with FIDO standards designed into the system itself. FIDO-certified authentication solutions utilize unique biometric markers like iris recognition, voice recognition, fingerprints, facial recognition, along with existing solutions like an old fashioned PIN, to discuss a wide variety of use cases.
BIOMETRIC AUTHENTICATION IS A Huge EMERGING MARKET
Raonsecure presently serves 30 million people in South Korea with TouchEn biometric mobile payments, and they protrude this to expand to 700 million users in the Asian-Pacific region. Raonsecure’s TouchEn authentication solution takes aside from blockchain by utilizing public-key cryptography, accustomed to many cryptocurrency users as the device which generates wallet addresses and wallet recovery seeds.
Biometric systems ensure fantastic convenience and much less friction for customers with much better security than the present password-based systems currently in use.
Weak password entropy is the root cause of 80% of data breaches, and when you combine that to the fact that the everyday internet user has almost 90 password-based accounts, we can see a tremendous potential risk for breaches. FIDO biometric systems dramatically decrease this risk and make the online checkout process much smoother while reducing fraud.
For military applications, things like multifactor authentication, two-factor authentication, and passwordless verification could be employed to restricted locations, access sensitive systems, and confidential data, etc.
South Korea’s concern in adopting blockchain for military applications comes after China’s statement that soldiers could be rewarded in crypto for excellent performance and party loyalty last November. The news divulged just after China’s President, Xi Jinping, shook the crypto community with his new passion for blockchain technology.
The US military also showed similar interests last year, in leveraging blockchain technology for military use. In a press release in August, a San Fransisco-based blockchain technology company declared it had endorsed a contract with the ‘United States airforce’ to build an interoperable data system.
Employing blockchain’s immutability, Constellation Network promoted it could “help securely unlock traditionally siloed and non-accessible data and data sources.” The company’s VP, Benjamin Diggles, stated,
“…the USAF has a multitude of data sources like drones, planes, and satellites that need to be secured. Clean and consolidated data that can be queried instantly is a big need within the defense apparatus.”