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Authentication in the bitcoin ecosystem

David Pope, marketing director Emea, Jumio, discusses the firm's market, standardisation and stance on digital currency.

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Comments: (2)

A Finextra member
A Finextra member 21 May, 2014, 14:21Be the first to give this comment the thumbs up 0 likes

Fantastic proposition but waht provisions are there for verifying that the documents being supplied are the originals and are not fakes? Is the passport number looked up and validated? Is the driving licence validated with teh DVLA?  If so then this is KYC for the digital age.

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A Finextra member
A Finextra member 03 June, 2014, 12:46Be the first to give this comment the thumbs up 0 likes

H Sian, the Jumio Netverify service checks lots of ID doc security features such as hologram, font/font size & positioning, microprint (that's the pretty pictures of flora & fauna in the background), checksums in the long document numbers at the bottom, compares to lists of known forgeries and compares the customer's face in the device camera with the face image in the document. So lots of security provision, and enough of a deterrent to send fraudsters to sites not using this kind of technology.   

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