BioCrypt ICO (BIO Token): RFID Crypto Payment Technologies & BioChain?
BioCrypt Technologies was conceived as an idea to solve a problem that very few people know that they have – the ability to control everything and anything without necessarily having to use physical keys or devices. The company has developed a Bio utility that is designed to transfer data between a BioCrypt chip and a BioChain blockchain framework.
With BioCrypt, it will soon be commonplace for individuals and businesses to purchase goods, transfer funds, and even verify the identities of third parties or open their front doors with minimal hassle.
How BioCrypt BIO Works
BioCrypt is working to put in place a system that works with gestures such as a wave of the hand or using brain signals. Its system features an implantable or wearable electronic device that uses RFID signals to communicate biometric information that offers unparalleled convenience, security, and authentication features.
The BioCrypt technologies are set to revolutionize how people make payments, the security of personal and financial data, identity verification system, and how blockchain concepts are applied in an RFID and Biodata application situation.
Because it combines latest wireless communication technology and blockchain ledgering, BioCrypt will make it possible for users to literally record and keep track of their assets at anytime, anywhere. It uses PGP encryption alongside biometric authentication that works by confirming physical presence to secure transactions and the user’s information and money.
Once a user or a device is authenticated and granted access by the BioCrypt chips, they will have access to unique cryptocurrency wallets that they can use to transfer funds and tokens between different cryptocurrencies.
BioCrypt is a currency on its own with the symbol BIO. It currently can be traded with Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) with more coins coming soon. Transactions on the platform will be processed on their latest decentralized blockchain known as BioChain.
BioCrypt RFID Crypto Payment Technology Benefits
One of the top features of BioCrypt is that it is a safe and secure platform where all data is encrypted and the BioChain decentralized. Because the system uses biometric identification systems, it is almost impossible for fraudsters to compromise the system or user data.
BioCrypt also offers mobile apps for the most popular platforms to make it easy for the user to control their BioCrypt devices, access their wallet and assets, and carry out transactions conveniently on the go. BioCrypt wallet is easy to use and executes instant transfers of Bio coins.