It is quite clear that the financial world today needs better security. This applies to crypto exchanges as well, where hacks have led to the loss of hundreds of millions of dollars. Karna, a company based in South Korea, wants to do just that. To achieve its objectives, the company is introducing the Airisu platform, which will be based around Iris recognition. It is a remarkable venture that still waits to see how the public will accept it.
What Is Airisu?
Although the site for this company is a bit vague, it appears Airisu wishes to become a new exchange-type platform for digital coins and other assets. Thus, the company is going to focus on security using bio-certification.
How Airisu Blockchain Biometrics Eye Recognition Works
The entire platform is based around the Iris of the human to offer security. The company has worked hard to develop an algorithm for the authentication of the irises. Because of this, the platform will be safe from hacks at all times. The company behind this iris technology invested a billion Korean Won to begin developing the technology a while back.
This technology should get a few tongues wagging in the financial world, where there is a need for better technology. The algorithm for this innovation is proprietary but is designed in a manner that allows it to be integrated with other platforms. Users will be able to authenticate their identity using just a smartphone that will scan their iris.
The exchange already offers fiat exchange pairs for Bitcoin, Dash, Monero, and Litecoin. It is obvious that there is a high expectation this project will succeed. South Korea has remained an important player in the world of crypto, despite strict government regulation. If this new security feature succeeds, it could find an already existing and huge market in S. Korea.
The Airisu Coin IRIS Token
The venture is going to be powered by a native coin, called the AIRISU Coin. The coin will support both PoW and PoS. It will be based on the X13 algorithm and will come with a maximum of 2.4 billion coins in circulation. The crypto coin will also power the company’s native application that can be used for shopping. This app will also work as an e-wallet and have Qr code support. With the app, you will be able to shop at a global online shopping mall, which is something awesome to expect from the project.
Despite this project not have crystalized yet, the developers of the project seem to be working quite hard on some interesting developments. If they succeed, it could help to improve the crypto world for all. However, the challenge seems to be making this project as popular as possible. Right now, the company does not have a laid out roadmap. However, it does appear to have quite a good vision in the whitepaper. It is quite clear that there is still a lot of things being developed before the roadmap is released.