Project

o Homomorphic encryption applied Iris recognition algorithm prototype development
o Blockchain based electronic voting system development

Project Summary

o Utilization of homomorphic encryption which allows computation on encrypted data. This way, individual data can be used for authentication without compromising any security and privacy risks.
o Blockchain is used to ensure system integrity while homomorphic encryption is applied to guarantee privacy whilst preventing Sybil Attack (single entity disguising as multiple entities)

Business Model

o In the internet age, importance of digital identity is growing to establish trust among individuals, organizations so that exchange of information and value can take place effectively and efficiently. Thus KoSAC provides
- Mobile authentication solution for easy and safe onboarding and access to digital services, using biometric verification such as fingerprints, and facial recognition
- Application of homomorphic encryption in biometrics algorithms for enhanced safety and privacy protection

Main Achievements

- 9 patents related to homomorphic encryption with additional patents under review
- live customers in Public and private sectors especially for Fintech: KAB, BonaBank etc,
- Strategic Partnership with KTNET in hosting biometrics authentication server
- Fast growing revenue: 6 times growth from 2016 to 2017