FOR IMMEDIATE RELEASE
Cheyenne, WY, May 24, 2021 – Governor DAO, a decentralized autonomous organization that provides governance-as-a-service to blockchain projects, and Finnovant, Inc., announced their partnership to be the first to bring biometrics to the blockchain. The partnership is excited to release a public model of their product.
This product aims to achieve landmark security, anonymity, and Sybil resistance, which can be used in various industries in all sectors as well as on the blockchain.
Companies of all sizes are entrusted with protecting sensitive consumer and employee information while providing secure access points. As fraud continues to escalate, combatting it requires more complex and frequently changing identification schemes. By incorporating biometric solutions like Finnovant’s Say-Tec with Governor DAO’s biometric authentication portal, it makes it easy to identify the individual requesting access and turns a high friction interaction into one that is safe, secure, and simple.
“Since the beginning of blockchain’s existence, Sybil attacks and large holders [whales] have been an ongoing threat to the digital space. With the release of this groundbreaking technology Governor DAO and Finnovant are positioned to provide an indispensable service that will revolutionize this industry.” Zane Huffman, Project Co-Founder.
Anyone can participate in the Governor DAO whitelist to be allocated a Proof-of-Existence token (PoE) which proves their individuality on the blockchain. Individuals may opt-in to the global whitelist by connecting to the portal at https://authentication.governordao.org via Web3 (ie: Metamask) and creating their unique biometric signature. The entire process takes less than two minutes and Governor DAO does not hold a single user’s biometrics. Because anonymity is paramount, no identifiable information besides the user’s public address is stored along with their biometric “fingerprint.”
Early participants that hold GDAO and perform the authentication will be eligible to claim an NFT memorializing this monumental feat of their individual, Sybil-resistant, Proof-of-Existence (PoE) on the blockchain.
Governor DAO, LLC is a decentralized autonomous organization that provides governance as a service to blockchain projects of all sizes. GDAO has created a safe and transparent decentralized autonomous organization that encourages community growth and involvement.
Finnovant, Inc., is a fintech firm with a vision to deliver the benefits of biometric authentication to help realize the potential of the blockchain in the areas of financial services, governance, the Internet of Things, healthcare, and more.
Governor DAO, LLC
Originally Posted On: https://syndication.cloud/governor-dao-is-first-to-bring-biometrics-to-the-blockchain/