ENT 526 Study Guide - Quiz Guide: Compound Annual Growth Rate, Digital Identity, Rbc Bank
24 May 2015
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We often suffer from memorizing all these different passwords and have hard time proving our identities even just to machines. Thus people use password managers, itouch from apple, everykey. However, these existing products are merely used as second layer of protection accompanied with other security measures because they have a huge disadvantage of the implemented technology being prone to spoofing or deception. Fingerprints can be duped and people simply don"t trust these wearable technologies as of yet. To address this problem, bionym inc. has created a solution, nymi band. It utilizes your unique heart beat rhythm to authenticate your identity. Basically, you prove your own identity to the band then the band will do your job, allowing you to interact seamlessly. The wearables market is fiercely growing and currently estimated to be billion dollar industry with cagr of 49% for next three years to reach billion in.
