authID Launches PrivacyKey Biometric Authentication System with Zero Data Storage

authID Inc. has unveiled PrivacyKey, a new biometric authentication solution designed to eliminate the storage of biometric data while maintaining security and compliance. The system, integrated into authID’s Proof and Verified platform Version 4.0, creates a public and private key pair during user onboarding, with only the public key being retained.

The solution processes authentications in 700 milliseconds and maintains a false-match accuracy rate of one in one billion. During the verification process, the system recreates the private key for matching within an organization’s specific ecosystem, rather than referencing a universal database. This approach reflects a growing industry trend toward decentralized biometric verification systems that prioritize privacy and security.

Rhon Daguro, authID’s CEO, who has overseen several major partnerships including a recent $10 million deal in India, explains the technical approach. “At time of identity proofing and onboarding, we use the facial biometric to create a public and private key pair,” he said. “We immediately destroy the private key, and store only the public key.”

The technology addresses compliance requirements regarding biometric data retention, as it stores no facial biometric data that could be reverse-engineered. This feature aims to facilitate adoption among organizations that have previously hesitated to implement biometric authentication due to data storage concerns. The approach is particularly relevant given the increasing global focus on stricter biometric data protection laws.

In a separate development, authID has received approval to grant stock options as employment inducements under Nasdaq Listing Rule 5635(c)(4). The company has allocated 50,000 shares to two new employees, with 20,000 shares priced at $5.99 per share and 30,000 shares at $5.89 per share. These options will vest over three years in 36 monthly installments, contingent on continued employment, and have a 10-year term.

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January 29, 2025 – by the ID Tech Editorial Team