BioDeFi
The purpose is to create biometrically secured DeFi applications that use biometrics as a way to authorize and authenticate users.
Bridges
Bridges are tools that allow more accessible and more flexible transfer of assets between different blockchain networks. You can go for the transfer without any third party or a central exchange involved in the process. However, bridge hacks have become a common problem. Other than code vulnerability, compromising bridge validator accounts is considered to be among the top causes of bridge hacks. To prevent bridge hacks, you can build bridges that utilize Humanode cryptobiometrics as authorization for validating transactions. Using it with other methods of authorization provides an extra layer of security.
Lending Platforms
Decentralized crypto lending platforms are one of the prominent use-cases of Decentralized Finance but having said that, there have been some serious trust issues in current operating platforms, such as hacking of the user funds and using multiple accounts for lending and borrowing. These issues can cause potential damage. When combined with crypto-biometrics, decentralized financial institutions can unlock the highest level of identity verification for crypto lending without requiring the user to submit his or her actual biometrics. It is a win-win situation for both the creditor and the debtor while also resolving a major issue for lending platforms in terms of establishing trust and responsibility.
OTC Marketplaces
With Humanode, OTC platforms can enforce “honest” behavior and determine transaction validity without compromising sensitive details. While it is important to preserve one’s identity, at the same time, we can establish a reputation for the counterparty, especially for escrow holders. Learn more about it here.
Biometric Data Banks
Biometrically secured storage networks offer users to secure and save their data in customizable decentralized storage consisting of decentralized nodes (people) of the user's choice. Humanode's biometric authentication technology can be used to provide authorization. You can read more about Biometrically secured storage networks here.
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