EyeSmart exploits biz potential in iris

Beijing startup finds multiple applications for its new method of establishing identity

EyeSmart Technology Ltd, a Beijing-based startup, has applied biometric iris recognition technology to finance, education, public security, social security, healthcare and public welfare.

Iris recognition is a method of identifying people based on unique patterns within the ring-shaped region surrounding the pupil. As the iris of each person is unique and doesn't degenerate over time, forgery and identity theft are difficult, according to EyeSmart.