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iampass Challenges Biometrics Using the IOTA Platform. IOTA News, MIOTA Price Chart. Thursday, August 23

23 august 2018, 12:31 by Tim Jackson

Important IOTA Cryptocurrency News

iampass Challenges Biometrics Using the IOTA Platform

In a world in which we all need another form of ID after the first one we had. Iampass believes that convenience is traded for security and that this is the reason for data losses. The platform is working on a biometric project that will change the way people are identified.

The company is building on the IOTA platform because of its uniqueness. Nino Ulrich, the CEO of iampass said that the company chose IOTA because it realized that personal data sensitivity makes it inappropriate to have them stored on distributed ledger technology (DLT). He said that IOTA’s sophisticated encryption has been found to be the best option for such data.

He added that such technology would need stability and affordable zero fee transaction to make it easy and convenient for all to use. According to him, IOTA’s capacity to handle millions of transaction and machine to machine interaction of IoT devices makes the platform ideal for iampass.

Patagonia is the Venue of IOTA Meetup August 23rd

Bariloche, the southern city of Argentina will be the location of the first IOTA meetup in the region. The meeting which will be held at Fab Lab Bariloche will have Gabriella Jara of IOTA Patagonia as the main speaker. The meeetup is mainly for educational purpose as IOTA spreads the message of decentralization in the region.

The essence is to inform the people on the uses and applications of blockchain, decentralization, cryptocurreny, Distributed Ledger technology and all other words that will soon become commonplace and how IOTA intends to change the way people live by solving everyday problems.

The release said that though this is the first meeting about the IOTA Tangle, it hopefully will be the first of many meetings held in the region. This meeting is for everyone, not just technically savvy as explanations will be done in simple language that all will understand.

MIOTA Price

MIOTA/USD Price Chart, Thrusday August 23rd:

MIOTA Price Chart

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