GhostPass Inc. has been awarded the CES 2025 Best Innovation Award in the Fintech category for its groundbreaking decentralized and dualized biometric authentication (DDBA) technology. This accolade underscores the company's pivotal role in advancing digital security and authentication solutions. The DDBA technology represents a paradigm shift in the storage and utilization of biometric data, eschewing vulnerable centralized databases in favor of storing facial recognition data directly on users' personal devices. This approach not only enhances security but also offers a more reliable alternative to traditional authentication methods.
The technology's efficacy is backed by certifications from Korea Testing Certification (KTC) and Korea Testing & Certification Authority (KOTCA), boasting a 99% authentication accuracy rate within a mere 0.6 seconds. Such performance metrics establish GhostPass as a frontrunner in the realm of rapid and dependable biometric security solutions. The versatility of DDBA technology is evident in its wide-ranging applications across various sectors, including financial services, enterprise security, and contactless payments. Businesses stand to benefit significantly from this innovation, as it not only mitigates authentication-related risks but also promises to reduce security costs by up to ten times compared to conventional server-based systems.
With a portfolio of over 75 global patents and backing from strategic investors like the Korea Technology Finance Corporation and Oracle Venture Investment, GhostPass is at the forefront of redefining digital authentication. The company showcased the practical applications of its technology at CES 2025, featuring an automated refrigerator capable of recognizing users and processing payments autonomously. As the digital landscape continues to grapple with evolving cyber threats, GhostPass remains dedicated to pioneering next-generation authentication technologies. The company is actively exploring the integration of cutting-edge technologies such as AI-driven authentication, blockchain security, and advanced biometric recognition to further fortify digital security measures.
The recognition at CES 2025 highlights GhostPass's potential to transform the way digital identity protection is perceived and implemented, offering a solution that is not only more secure but also more efficient and user-friendly. For more information on GhostPass's innovative solutions, visit https://www.ghostpass.com.
