The TV channel company Zamna has raised $ 5 million in start-up funding from local venture capital firms LocalGlobe and Oxford Capital for the continued development of its airport security system.

Formerly known as VChain Technology, the Zamna Tour was joined by International Airlines Group (IAG), the parent company of British Airways. IAG is an existing investor and is now a commercial customer of the company, TechCrunch announced on Monday. Seedcamp, the London Co-Investment Fund (LCIF), Telefonica and unnamed angel investors also participated.

Founded in 2016, Zamna provides a gateway for the transmission of biometric silometric information and security between airlines, governments and security companies. The technology does not require any additional infrastructure development via the Zamna blockchain, says the company.

"There is a misconception that when you get to the airport, as if by magic, the airline knows who you are, the security agencies know who you are, and the departure and destination governments know (who you are), Zamna co-founder and CEO Irra Ariella Khi told TechCrunch. "The reality is far from that. There is no easy and safe way for airlines and government agencies to share or reference your data. "

LocalGlobal's partner, Remus Brett, explained on a company blog that the Zamna protocol could also be implemented on other transport networks, which led the company to invest in the company.

Brett said:

"There is no reason why technology can not be extended to the rail and maritime sectors, to any border control point, or to any place forcing individuals to assert their identities."

Image of airport security sign via Shutterstock

https://www.binance.com/?ref=16820269

Join the Binance global trading platform

Leave a Reply

Your email address will not be published. Required fields are marked *