Reseaerchers at Stanford University have developed 'eye passwords'. Eye passwords allow you to enter your bank pin by simply glaring at the right keys.
The system is intended to protect you from spying people. However, I think it's really just a solution for people who are too lazy to type. Stanford researchers admit that the eye-tracking technology slows input time slightly, but say that it makes "eavesdropping by a malicious observer largely impractical."
Implications - The rise in coworking and telecommuting has turned nearly any public place with Wi-Fi into a virtual office. While this has opened the doors for identity theft and "shoulder surfing," it's also offered an opportunity to develop intelligent, intuitive ways for users to enter sensitive information without pushing buttons or typing keys.
Eye Passwords
Too Lazy to Type? Just Stare at Your PIN
Trend Themes
1. Eye Passwords - Eye-tracking technology can be a disruptive innovation opportunity for security systems at banks and other high-security institutions.
2. Biometric Authentication - Biometric authentication methods that require no physical touch could disrupt the traditional password-based login systems across various industries.
3. Contactless Transaction Technology - Eye-tracking technology and other contactless transaction technologies can revolutionize the financial industry by improving security and reducing transaction time.
Industry Implications
1. Banking - Eye-tracking technology can disrupt the traditional password-based login systems and improve security for banks.
2. Tech - Incorporating eye-tracking technology into devices and applications can be a disruptive innovation opportunity for the tech industry.
3. Retail - Contactless transaction technology can revolutionize the retail industry by reducing transaction time and improving security for customers.