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Blockchain fixes misuse of biometric data — Privado ID founder

Because biometric data cannot be replaced, storing the data requires the highest levels of security, Evin McMullen told Cointelegraph.

Biometric data collected by the tech industry introduces multiple risk vectors to end users and imposes massive costs on tech companies.

Evin McMullen, co-founder of Privado ID — a decentralized identity project that uses zero-knowledge cryptography — recently explained to Cointelegraph explain how decentralized blockchains mitigate these risks.

McMullen began by pointing out that biometric data isn't just processed or stored through traditional Big Tech companies like Google, Apple, or Microsoft. Instead, the data often passes through a complex supply chain of service providers that opine on the validity of certain pieces of data, which exposes user data to multiple third parties. The Privado ID co-founder stated:

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Transak and Privado ID Announce Partnership to Enhance Decentralized KYC Procedures

Transak and Privado ID Announce Partnership to Enhance Decentralized KYC ProceduresCrypto payments gateway solution Transak has teamed up with Privado ID to launch a new “Reusable KYC” service aimed at improving the decentralized identity verification process. This collaboration introduces a novel method that promises to maintain user privacy without compromising on regulatory standards. Transak and Privado ID Team Up to Simplify KYC According to the […]

FBI arrests man behind SEC twitter hack posting fake Bitcoin ETF approval