"Currently, YCloset uses both artificial intelligence technologies and artificial means to authenticate luxury goods.
It provides technologies and services to authenticate people, transactions and objects, encrypt data and create value for software - enabling businesses and governments to deliver secure digital services for users.
It is used to authenticate logins via Bluetooth and USB when it is plugged into a computer's USB port to bypass the process of typing in users' passwords.
[Photo/IC]With the technology already mature enough to be put into practice, many banks are now using it as an assistive method to authenticate identities of customers, such as China Merchants Bank, which equips their automated teller machines with the facial recognition system.
The rules require physicians to authenticate their real identity before providing consultation to ensure real-person services.
"Our core competitiveness is that we leverage technologies to build an all-in-one platform where consumers can buy, sell, recycle, authenticate and evaluate the price as well as enjoy after-sales services such as cleaning and maintenance," said Dong Bowen, founder of Xinshang.
NFTs use the blockchain technology to authenticate digital objects such as drawings, animation, music, photos and videos.
With the rapid growth in online government services and e-commerce across China, there is greater demand for e-seals to secure and authenticate documents and transactions.
Citizens can inquire, print and authenticate certificates for such matters at these banks.
The ledger that uses blockchain can track and authenticate the origin of financial assets, making the contactless transactions more efficient and transparent.
The websites — which used to only warn potential donors that the user's claims are unverified — now are obliged by law to authenticate claims in crowdfunding posts, such as the stated financial status and health conditions.