When was the last time you clicked “Forgot Password” to recover the password for a dormant account on some mail server, blog, social networking site etc.? I think the days are not far when you won’t even get a chance to see “Forgot Password” on most of the
websites. The advancement made with the use of technology in the field of authentication is going to change the world as we see it today. That’s the reason why I am trying to analyse the options which will be available to people in near future for authentication.
Bionym Nymi: The Bracelet that uses your heart rate to confirm your identity
The website of Biony Nymi states “The Nymi lets you use the unique cardiac rhythm to authenticate your identity and allowing you to wirelessly take control of your computer, smartphone, cars and much more.
As you wake up know that wherever you go the Nymi will be interacting with your devices, creating a smart, password and key-free environment. The Nymi will also have customizable notifications. If you’re the kind of person who likes to be connected to their
emails, texts and social updates, you’ll never be behind with the Nymi”
Certainly the concept to live in a password free world seems to be sci-fi at this moment, but it’s the early adopters and speed to market for this kind of authentication devices that is going to make a difference. Canadian firm Bionym has already funding
of $14 Million and its website is up for pre orders for first 10,000 devices.
Sonavation AXISKEY™ personal biometric authentication
Sonavation is on a mission to eliminate passwords and perfect personal authentication with the world's first and only patented biometric ultrasonic sensor technologies integrated into a military-grade identity-as-a-service (IAAS) encryption methodology.
With breakthroughs like the world's thinnest and most flexible fingerprint sensor and the world's smallest hybrid ultrasound imaging ASIC, Sonavation has been awarded 34 patents plus more than 70 provisional patents pending. Sonavation is partnering with OEMs
and ODMs to integrate with future access control systems, mobile phones, smart cards, and a host of other systems and devices to empower absolute authentication, curtail identity theft, and deliver application data security across a variety of applications
and use cases.
Though Sonavation introduced the technology earlier (Jan, 2014) than Bionym, the only challenge that I see is that it’s not a wearable band. Thus, it will add one more item to your daily kitty of goods that you carry around.
PalmSecure is a biometric authentication device that provides the highest level of security using palm vein authentication technology. It’s difficult to forge the palm vein data because it is inside the body.
Palmsecure has already got its first corporate customers, namely Robocoin( Bitcoin ATM Manufacturer) and Biyo Digital Wallet(formerly PulseWallet).
It’s pretty clear that these innovations will usher a new era without passwords and PINS. It’s only the time factor which will make consumers adopt the technologies of future. Most of the financial institutes are embracing the upcoming technologies to deliver
hassleless and secure services to its customers. But, it’s not only the financial industry that’s going to be impacted by these devices.
Consider a world where you need not to enter password to check your e-mails; no identity cards to wear before entering your work-place; your phone locks/unlock itself when you provide the secure authentication. The technology has taken the imagination to
new heights and we are yet to see that which of the above solutions wins the race in technology adoption by the mass consumers.