Post
Topic
Board Tokens (Altcoins)
Re: [ANN][ICO NOW!] 💠 FORTY SEVEN BANK 💠 – Connecting Financial Worlds
by
rezzx
on 18/02/2018, 19:44:44 UTC
What I like the most about this project is that with biometric data you can prove your identity all over the world, with the blockchain you can send funds with proven identities both sides included, this is useful for tax administration

yes, that could be really interesting. However, I wonder how they ensure the security of this data. Imagine a hack of the biometric database, that would be the worst thing that can happen

There are safe ways to store sensitive data such as fingerprints and other biometric data. Usually the data is hashed and only the hash is stored in the servers. This way if the servers are hacked, there isn't much to do with the hash since you can't produce the original data with it, only validate it.