ShareRing Opens Up NFC Technology for Superior Identity through its Mobile Application

Crypto Update
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ShareRing, a digital identity blockchain ecosystem, will, from September 7, allow its global users to utilize the Near Field Communication (NFC) technology and access enhanced functionalities of the updated FaceMatch feature upon downloading and installing the ShareRing mobile application.

In an announcement, ShareRing said users who register with government-issued documents such as national identity and passports would have express and secure access to its NFC solution.

NFC builds on years of research and improvements on the Radio Frequency Identification (RFID) technology widely used in powering wireless hotel keys and ticketing. However, with millions going into research and improving RFID, NFC has emerged as a preferred option because it is well refined and operates in even shorter distances.

ShareRing acknowledges the various practical applications of NFC, primarily in identity verification. The privacy-focused and data protection technology firm said its decision to demand users register with their government-issued identifiers is based on technical reasons and also strategic. At the top is that all of these identifying documents, including e-passports and identity cards, are typically implanted with NFC chips when issued by governments. Therefore, when scanned and extracted, the information received is almost always authentic. Besides, the ShareRing development team is convinced that NFC will be the future anchor of identity across the board.

The authenticity of NFC-verified data makes it easier for them to qualify users electronically through eKYC while complementing existing identifying solutions such as AI facial recognition. Since NFC identification has high levels of accuracy and authenticity, it would translate to superior attestation and trustworthiness for registered users leveraging the ShareRing ID.

Accordingly, by allowing users to access NFC after registering with government-issued cards, they are setting a solid base ahead of the inevitable adoption of the technology in identity and verification.

For a smooth identification process, ShareRing is deploying its face matching solution software, FaceMatch. The tool will help match the selfie of the uploading user with the scanned image in their e-passport or national identity card. The upgraded version of FaceMatch, ShareRing says, would make it easier for registering users to note errors easily and quickly upload matching images with high levels of face detection scores, thereby making the signup experience smooth.

Earlier, ShareRing announced the launch of the Simple NFT Event, a solution for organizing and managing small-scale events. Simple NFT Events are available for all users through the ShareRing mobile application.

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