Markets come and go.
When I first joined the biometrics industry in the 1990s, biometric benefits (welfare) applications were hot in the United States as states and localities deployed biometric verification solutions for benefits recipients.
However, the landscape changed over the years, and most of those biometric systems have since been shut down.
Of course, new markets also appear.
If someone had told me in 1994 that we would use biometrics to “unlock” our phones, I would have had no idea what the person was talking about. Why would we need to unlock our phone, anyway? Sure, if a thief grabbed my cell phone, the thief could make a long distance call to another state. But it’s not like the thief could access my bank account via an unlocked cell phone, right?
And there are other markets.
Subscribe to get access
Subscribe to Bredemarket Premium to access this premium content.
- Subscriptions just $5 per month.
- Access Bredemarket’s expertise without spending hundreds or thousands of dollars.