Providers of smart city networks need to establish a chain of trust in their technology. This is a process common in cybersecurity, where each component in a network is validated by a secure root. In wide connected networks, this is vital to protect sensitive personal or business data and ensure consumer trust in the whole system.
Therefore, a biometric digital identity should sit at the root of that chain of trust in smart city networks. Here, a smart ID or digital ID solution embedded with a fingerprint sensor can provide users with the ability to personalise systems as well as ensure that only the right people have access to specific information – all in one secure element.
Sthaler is an early stage identity and payments technology business which enables a consumer to identify themselves and pay using just their finger at retail points of sale. The company developed Fingopay, using VeinID technology, in partnership with Hitachi. Blue Star Capital PLC (LON:BLU) is an investing company with a focus on new technologies. Blue Star’s investments include a 0.9% holding in Sthaler.
