Iris Recognition To Take Off
An anonymous reader writes "Looks like iris recognition is about to explode. Turns out, a major patent held by iris recognition leader Iridian is expiring, and that's leading a stampede of start-ups and VCs into this space."
It's not often that you read about a company's patent expiring being likely to benefit it financially. Quite interesting.
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I believe iris recognition takes some time to verfiy the identity of the person as the person has to stand close to a certain point and then the scanner would scan the eye. So this will take more time than pulling your card out and swipping it and walking through the doors. Therefore this tech will only be used in high security area and most of them I guess are already using it.
What does your Credit Report look like?
1. You can change your password but you can't change your iris.
2. If you are threatened with violence, you can tell the attacker your password, but would you want to give them your eye?
I'll probably be modded down for this...
If patents lasted as long as copyright, we wouldn't be discussing this.
You don't know anything about the patent in question. How much did Iridian sink into developing it? How much have they made back from it? How much would they have made back if this flood of copycats came immediately after they announced their discovery?