The Ministry of Science, ICT & Future Planning is working together with SK Telecom, KT and LG U+ to introduce biometric identification or fast identity online (FIDO) services by March of next year. Examples of such services include fingerprint recognition coming with smartphones. Personal identification based on the iris, face or arterial pattern have been put to commercial use as well, and are expected to be in popular use on smartphones within a couple of years.
Once introduced by the three mobile carriers, the biometric identification services can be used on most smartphones equipped with sensors regardless of the manufacturers and the growth of the market and the development of the technology can be accelerated. At present, NTT DoCoMo is providing the world’s first iris- and fingerprint-based biometric identification services.
Experts point out that this technique will be able to take the place of the public key certificate in the near future. Then, the IoT industry as a whole as well as the financial sector covering mobile payment and fintech faces a sea change as the technique is adopted by CCTVs, drones, self-driving vehicles, and other devices.
According to market research firm Acuity Market Intelligence, the FIDO market is estimated to reach US$33.3 billion in size in 2020. Back in July 2012, about 200 companies around the world, including Google, Amazon, Samsung Electronics, ARM and Microsoft, formed the FIDO Alliance to work on technical standardization and ecosystem formation. In Korea, the three mobile carriers organized the FIDO Forum with Samsung SDS, Raon Secure, CrucialTec and many more for technological development, too.