Financial institutions like banks know that signatures are a vital necessity in their activities. Such led them to opt for digital signature than its paper-based counterparts at present. Digital signature authentication simplifies bank operations, which boosts efficiency and productivity essential to gain more profits.
Aside from that, e-signatures offer extra protection against fraud and online crimes as it lessens the chances of signature forging from happening. A new form of biometrics provides authentication that ensures a safe and transparent online transaction for users.
One may wonder what biometric technology looked like before. We look back at the developments, breakthroughs, and inquiries that led to the modernization of biometrics since its first recorded use in ancient times.
1960s
Administrators used manually operated semi-automated facial recognition to identify one’s identity way back in the 1960s. It is among the first model of biometrics that extra usable feature points in images. In 1969, fingerprint identification development got funding from the U.S. Federal Bureau of Investigation (FBI). The said biometric aimed to reinforce laws against crimes.
1980s
Modern speech recognition technology became possible with the National Institute of Standards Technology (NIST) setting the groundwork for its exploration. After five years, a new biometric named iris authentication gained traction among many. It authenticates one’s identification via examining blood vessel patterns in the eyes.
1990s
The establishment of the Biometric Consortium paved the way for the biometrics science boom in the 1990s. The Department of Defense (DoD) and Defense Advanced Research Products Agency (DARPA) partnership’s face recognition algorithm made the possibility of real-time recognition a reality.
2000s
Palm print biomarker tech and hundreds of patented biometric systems found their way into the markets. Face recognition got accepted as biometric authentication for passports and other Machine-Readable Travel Documents (MRTDs).
West Virginia University began teaching Biometrics Systems Engineering and Computer Engineering as the newest addition in their Bachelor’s degree list. International collaboration to standardize generic biometric technologies became possible as the International Organization for Standardization opted for it.
Present
As a research field, biometrics continues to prosper. Scientists even try to integrate it with artificial intelligence. Such development aims to make transactions seamless and hassle-free while ensuring a safer online environment.
Check Login ID’s website to read about biometric technology and for inquiries.
