• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

FindBiometrics

FindBiometrics

Global Identity Management

  • Biometrics
    • What are Biometrics?
    • FAQ
    • Biometric Associations
    • Companies
    • Premier Partners
  • News
    • Featured Articles
    • Interviews
    • Thought Leadership
    • Podcasts
    • Webinars
    • Year in Review
  • Applications
    • Biometric Security
    • Border Control and Airport Biometrics
    • Consumer and Residential Biometrics
    • Financial Biometrics
    • Fingerprint & Biometric Locks
    • Healthcare Biometrics
    • Justice and Law Enforcement Biometrics
    • Logical Access Control Biometrics
    • Mobile Biometrics
    • Other Biometric Applications
    • Physical Access Control Biometrics
    • Biometric Time and Attendance
  • Solutions
    • Behavioral Biometrics
    • Biometric Sensors and Detectors
    • Facial Recognition
    • Biometric Fingerprint Readers
    • Hand Readers & Finger Scanners
    • Iris Recognition
    • Biometric Middleware and Software
    • Multimodal Biometrics
    • Physiological Biometrics
    • Smart Cards
    • Vein Recognition
    • Voice and Speech Recognition
  • Stocks
  • Events
  • Companies
  • Podcasts

UK’s First Blockchain-Based Home Sale Facilitated by Yoti’s Biometrics

April 24, 2019

UK's First Blockchain-Based Home Sale Facilitated by Yoti's Biometrics

Yoti is further illustrating the versatility of its digital identity platform with the news that the UK government’s housing department has used it in a trial of blockchain-based home sale.

Part of Her Majesty’s Land Registry’s ‘Digital Street’ R&D program, the blockchain home sale was facilitated in partnership with Yoti, Premier Property Lawyers, Barclays, ShieldPay, and the Mishcon de Reya law firm. Essentially, the idea was to demonstrate how blockchain accounting could be used to establish an irrefutable record of the sale, with Yoti’s biometric technology being used to verify the identities of the participants.

Yoti has already been demonstrating the utility of its mobile selfie-based authentication platform in a number of areas, including customer age verification in the sale of alcohol and confirming users identities when accessing e-government services. By applying facial recognition and document reading technologies to images of users’ faces and their official IDs, Yoti’s system can establish a reliable virtual credential that can be used in a number of other ID applications.

In the case of HMLR’s blockchain-based home sale experiment, Yoti helped to smooth out the usually onerous process of confirming the identities of each and every participating in the transaction, from mortgage lenders to HMLR officials. And the project appears to have been a success, with Stefan, the seller of the home used in the project, attesting in a statement that the process “was really straightforward.”

“It shows how technology like this can help make everything so much quicker and you can see clearly what’s happening at every stage,” he said. “If this is the way forward, it’s going to make everything easier.”

—

(Originally posted on Mobile ID World)

Related News

  • Yoti Lends Biometric Support to Charitable Ticket Distribution PlatformYoti Lends Biometric Support to Charitable Ticket Distribution Platform
  • Brazil Trials Biometric Pension Management SystemBrazil Trials Biometric Pension Management System
  • SITA Enables Biometric Mobile Check-ins for Etihad Airways CrewSITA Enables Biometric Mobile Check-ins for Etihad Airways Crew
  • Kingston Unity Uses Yoti Biometrics to Authenticate UK Trust Fund KidsKingston Unity Uses Yoti Biometrics to Authenticate UK Trust Fund Kids
  • Yoti Biometrics Tech Helps Beneficiaries Access UK Family Trust FundsYoti Biometrics Tech Helps Beneficiaries Access UK Family Trust Funds
  • Co-op Community Support Program Looks to Yoti for Biometric OnboardingCo-op Community Support Program Looks to Yoti for Biometric Onboarding

Filed Under: News Tagged With: Biometric, biometric authentication, biometrics, blockchain, blockchain biometrics, e-government, facial recognition, mobile biometrics, selfie authentication, Yoti

Primary Sidebar

EXCLUSIVE MEMBERS ONLY CONTENT:

Become a FindBiometrics Member and gain easy access to specialty content, including the ID Tech column, replays of virtual events, and Identity School educational checklists:

ID TECH: What Role Will Biometrics Play in the Cyber Cold War? We’re About to Find Out [NEW]

Identity School: Facial Recognition Cheat Sheet

REPLAY: Travel & Hospitality Virtual Identity Summit

Sponsored Links

TECH5 showcase logo

TECH5 is an international technology company founded by experts from the biometrics industry, which focuses on developing disruptive biometric and digital ID solutions through the application of AI and Machine Learning technologies.

TECH5 target markets include both Government and Private sectors with products powering Civil ID, Digital ID, as well as authentication solutions that deliver identity assurance for various use cases. 

Learn more: www.tech5.ai

Onfido logo

Onfido is building the new identity standard for the internet.Our AI-based technology assesses whether a user’s government-issued ID is genuine or fraudulent, and then compares it against their facial biometrics. That’s how we give companies like Revolut, Zipcar and Bitstamp the assurance they need to onboard customers remotely and securely. Our mission is to create a more open world, where identity is the key to access.. For more information, please visit www.onfido.com

ThreatMark brings trust to the digital world by providing cutting-edge fraud prevention solutions. Major banks use ThreatMark’s AI-powered technology and behavioral biometrics to build secured banking experience to precisely verify their legitimate users, seamlessly across all digital channels. All while securing the users’ most precious assets and keeping the fraudsters away. Learn more: www.threatmark.com/

With its secunet border gears product portfolio and specialised consulting expertise, secunet supports police forces and security authorities in their sovereign tasks. Whether ABC gates, self-service kiosks or biometric middleware – each component helps to strengthen identity protection and to accelerate verification – in mobile and stationary scenarios.

Mobile ID World Logo

Mobile ID World is here to bring you the latest in mobile authentication solutions and application providers. Our company is dedicated to providing users with the best content and cutting edge information on technology, news, and mobile solutions for your mobile identity management needs.

Recent Posts

  • House Committee Makes Case for Biometric Data Protection Bill
  • Independent Review Finds UK’s Biometric Laws Woefully Out of Date
  • Australian Retailer Drops Facial Recognition in Response to Consumer Report
  • Aware Pushes Zero Trust Security at Identity Week 2022
  • Convicted of Insider Trading, FPC Chairman Steps Down

Biometric Associations

IBIA and fido

Tweets

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives
  • CCPA: Do not sell my personal info.

Follow Us

Copyright © 2022 FindBiometrics