aiThenticate Computervision Labs, a company established as a joint venture by the University of Johannesburg, has developed a new ground-breaking technology that simulates human cognition.
The technology, called aiDX, uses proprietary algorithms that simulate human cognition, far surpassing current biometric authenticators which rely on key features to form a pattern associated with a particular individual.
How it works
aiDX ‘s differentiation from traditional biometric identification is it’s use of artificial neural networks (similar to what is being currently employed by self-driving cars).
Instead of focusing specifically on a person’s key features such as in current biometric technology, aiDX uses the neural network to perform actual cognitive functions across 11 different types of identification tests, to ensure the person standing in front of it is in fact “an actual, real live person”.
Why it’s important
Last year, the global loss from identity theft was about $2 trillion, and it is doubling every year.
In South Africa alone, R1 billion was lost in SIM card swaps last year.
“These figures go to show just how ineffective conventional biometrics is in the post-9/11 world where someone sitting at his PC in one country is able to hack into a bank account in another country, even on a completely different continent.”
Immelman said that the aiDX technology will be universally accessible, and can be deployed on any device that’s equipped with a digital camera, including the one device we all carry with us all the time: a standard, off-the-shelf Android or iOS smartphone or tablet.
“aiDX makes it possible to do what conventional authentication methods are simply not able to do under the rigours of real-world conditions: answer the ‘who’ question accurately and conveniently.”..
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