Sharing Economy & the Need for Identity Verification

The term “identity verification” refers to the process of ascertaining someone’s real identity. When a person presents identification verification papers, it is important to check their validity; this procedure assists recruiting organizations in verifying the candidate’s asserted identity, or called identity document authentication. When ensuring user identification over an extensive database becomes necessary, an identity background check becomes needed. For example, identity verification is necessary when applicants are registered for employment, students log in to take examinations, and manage online transactions.

There are two methods for doing identity verification: public or private domains. Candidate background checks may be conducted by checking publicly accessible data. For instance, personal information such as a person’s name, address, and age is kept on file. Numerous identity verification services may verify the candidate’s identification in the private domain using the information they supply. Moreover, there are several methods for businesses to verify the identity of their workers or prospects. The worldwide biometrics industry is expanding at a breakneck pace.

Biometric authentication is an information technology procedure that uses the user’s unique biological traits as a password to prove their identification. By comparing a user’s biometric signature to the one stored in the database, this system may determine if the person attempting to log in is the genuine article. This ever-evolving technology guarantees that sensitive information is only accessible to the appropriate individuals inside your business. Fingerprint, face, retina, and voice recognition are just a few biometric technologies. In addition, numerous online identity verification methods have been created to simplify and improve a man’s work. While these remedies vary, not all are safe or dependable. The use of photographs or duplicating CAPTCHA is one of the simplest and most fundamental ways of online identity verification. From banking to shopping and travel, everyone interacts digitally with others globally and immediately gets the products and services they want and need. As a result, developing a digital identity verification system is a logical evolution. It expedites the verification process and operates across borders.

To know more, below is an infographic from authID that discuss sharing economy and the need for identity verification.

identity verification