LONDON, Feb. 27, 2017 (GLOBE NEWSWIRE) -- CrossVerify, which is focused on delivering verified sensitive documentation through a combination of Biometric Authentication and Blockchain Technology, today announced it is participating in the Dubai Future Accelerators program.
The Dubai Future Accelerators pairs top companies and cutting-edge entrepreneurs with strategic partners in Dubai to collaborate on and create breakthrough solutions.
CrossVerify will be working closely with General Directorate of Residency and Foreigners Affairs (GDRFAD) to develop a security system that has 100% biometric identifying capabilities and decreases processing time during passport control. The innovative solutions are also looking to achieve a 50% reduction of illegal residencies and incorporate international standards of a seamless payment process.
Commenting on the milestone, Carl Weir, CEO and Co-Founder of CrossVerify, said "CrossVerify is honoured to be one of only a handful of technology companies selected for this historic opportunity. This program has hand-selected 35 cutting-edge technology providers from around the world, bringing them together to find solutions to particular government challenges, and rapidly deploy those solutions into society. "
“For those with vision and drive to face the challenges of the future and create innovative solutions, we have launched the Dubai Future Accelerators,” said H.E. Abdulla bin Touq, CEO of the Dubai Future Foundation. “We warmly welcome this next round of companies to work with our leading government bodies and to use our city as a living testbed for new technologies.”
CrossVerify is reinventing how Biometrics and Blockchain technology are used in an array of sectors from security, to insurance, to defence, to business development. CrossVerify provides biometric authentication in combination with blockchain technology to create a utility which digitally stores verified key corporate and personal sensitive information, including AML and KYC documentation, for access by permission led CrossVerify customers, enabling an individual’s identity to be unequivocally proven far more securely than at present.
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About the Dubai Future Accelerators:
The Dubai Future Accelerators is an intensive program that pairs top companies and cutting-edge entrepreneurs with powerful partners in Dubai to create breakthrough solutions. Launched by Sheikh Hamdan, Crown Prince of Dubai and Chairman of the Dubai Future Foundation, in line with the directives of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Prime Minister of the UAE and Ruler of Dubai, the program explores and develops the technologies of the future and employs them to resolve the challenges of the 21st century. It aims to create a global platform to attract the brightest minds from around the world to find creative solutions for the challenges of the future and implement them in the city of Dubai. The inaugural program, which finished in December 2016, created $33m in commercial partnerships and pilot programs.
For information about Dubai Future Accelerators, please visit www.dubaifutureaccelerators.com.
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About General Directorate of Residency and Foreigner's Affairs Dubai (GDRFAD):
The General Directorate of Residency and Foreigner's Affairs Dubai (GDRFAD) is a department that effectively works on achieving its vision of "Have the United Arab Emirates as one of the most secure and safest countries in the world, through its commitment in implementing foreign entry and residency laws. GDRFA was one of the pioneers in using various Services aimed at speeding up and facilitating transactions so that customers' time and effort are saved while reducing overcrowding at the GDRFA counters. GDRFA Services has achieved great progress during the last few years, with customers preferring to use such services, especially as several technical developments have also taken place.