authID Inc. has unveiled PrivacyKey, a new biometric authentication solution designed to eliminate the storage of biometric data while maintaining security and compliance. The system, integrated into authID’s Proof and Verified platform Version 4.0, creates a public and private key pair during user onboarding, with only the public key being retained. The solution processes authentications in 700 milliseconds and maintains a false-match accuracy rate of one in one billion. During the verification process, the system recreates the private key for matching within an organization’s specific ecosystem, rather than referencing a universal database.