Security Market Segment LS
Tuesday, 18 December 2018 06:34

Israeli start-up begins ID trial with Germany's Veridos

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Israeli start-up begins ID trial with Germany's Veridos Pixabay

Israeli start-up Security Matters has begun a proof-of-concept pilot with German ID provider Veridos, to demonstrate how SMX technology can be used with two of Veridos' ID systems by embedding additional security into documents used for verifying identity.

A statement from SMX said the project aimed to assess how the technology could be used to enhance the security and reliability of documents used for ID purposes, including international travel.

The project with Veridos is set to begin in February 2019 and SMX will pay US$46,000 to the German firm after completion.

Haggai Alon, co-founder and chief executive of SMX, said: “The Security Matters’ core IP was originally developed by the government of Israel and the signing of this agreement demonstrates how versatile the technology is.

"We have been successful in developing the technology even further, allowing for it to be used by governments and security agencies globally.

“We continue to develop and improve our offering and are excited to showcase how much further we have pushed innovation in the sector.”

The SMX statement said the Veridos deal was a milestone as it increased SMX's international footprint.

It also supported the company’s business model of building relationships with leading players in the security market globally to demonstrate the capabilities of the technology ahead of a mass market rollout.

SMX listed on the Australian Stock Exchange in October.

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Sam Varghese

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Sam Varghese has been writing for iTWire since 2006, a year after the site came into existence. For nearly a decade thereafter, he wrote mostly about free and open source software, based on his own use of this genre of software. Since May 2016, he has been writing across many areas of technology. He has been a journalist for nearly 40 years in India (Indian Express and Deccan Herald), the UAE (Khaleej Times) and Australia (Daily Commercial News (now defunct) and The Age). His personal blog is titled Irregular Expression.

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