From left, Peter Knell, CEO of GKNOT DMCC, and Cho Woo Yeol, co-founder of eTUNNEL Inc., are commemorating the contract signing in Los Angeles, USA, on January 10^th. [Photo=eTUNNEL Inc.]

Biometric authentication security specialist company, eTUNNEL Inc., and marketing expert GKNOT, announced that they have signed a contract in Los Angeles, USA, for the global marketing and supply of eTUNNEL’s biometric authentication technology and security devices.

GKNOT DMCC, headquartered in Dubai, is led by executives who previously oversaw marketing at the global sports marketing from IMG. Comprising marketing professionals with experience at the global entertainment marketing agency ITB, which has offices in New York, London, and LA, they have handled consulting for numerous companies such as Dior and Calvin Klein.

Through this contract, eTUNNEL Inc., plans to showcase its biometric authentication technology and security devices not only in the domestic market but also in the United States and Europe. The company will focus on global market expansion by sharing eTUNNEL’s core technology and patents.

With decades of accumulated experience, GKNOT DMCC aims to globally expand eTUNNEL’s biometric authentication technology and security devices, with a focus on the United States. The company is determined to integrate finger vein authentication technology into its decentralized digital asset wallet, ‘GKNOT wallet’, and build a blockchain ecosystem suitable for the Web 3.0 era.

Additionally, eTUNNEL plans to release a variety of products in the first half of the year, incorporating finger vein authentication technology using the core technology, the ‘Integrated Biometric Authentication AI Algorithm(P2N2)’. Among these, there are plans to introduce an ‘ID Card Verification Device(IVD)’ that precisely determines the authenticity of identification through the use of facial recognition technology and other biometric authentication methods. This IVD will be deployed in locations requiring adult authentication or identity verification. Especially, the company aims to apply the finger vein authentication system to digital asset wallets(Soft/Hard ware wallets), unveiling a next-generation secure wallet that allows easy and safe use of digital assets for everyone.

Meanwhile, eTUNNEL recently developed a ‘One-Time Registration System’, allowing users to directly register their fingerprints on fingerprint authentication smart cards. The company has applied for international patents for this innovative system. eTUNNEL’s fingerprint authentication credit cards are scheduled to enter full-scale production starting this year after undergoing prototype testing.

Alex Kim, the CEO of eTUNNEL Inc., stated through this contract, “We will apply our biometric authentication security technology and devices to various markets through a stronger and more efficient marketing strategy. Through this, we aim to expand advanced security and authentication technology to governments, institutions, businesses, and individuals in need of sophisticated security and authentication technology.”

Source : https://www.blockchaintoday.co.kr/news/articleView.html?idxno=40338