KARACHI: King Saud University has won a patent from the United States by developing a biometrics-based iris recognition system after carrying out a project led by an accomplished Pakistani expert who is also the founded of an independent and non-partisan cybersecurity think-tank in Washington.
According to a post shared on the university’s website, the new system uses artificial intelligence and employs deep learning-based methods for extracting discriminant features from biometric traits obtained from eyeball images.
Muhammad Khurram Khan, who carried out and supervised the research, is a distinguished professor of cybersecurity from the Center of Excellence in Information Assurance and the founding CEO of the US think tank, Global Foundation for Cyber Studies and Research.
“The invention provides an innovative method based on multi-algorithm, multi-biometric, and multi-instance approaches to a single biometric source that enhances security and performance of the identification process at significant level,” the Saudi university announced.
“The invented technology has widespread applications, which are not only limited to areas such as immigration and border control, health care, banking and finance, consumer electronics, smart mobility, and military and defense, etc.,” it added.
The university website also proclaimed that Khan and his research team held a number of US patents in cybersecurity and had also published numerous high-impact research papers in flagship journals.
It also highlighted its own commitment to such research and development projects to transform the kingdom into a knowledge-based economy under Vision 2030.
Pakistani cybersecurity expert leads King Saud University in winning US AI-based biometrics patent
https://arab.news/5zjut
Pakistani cybersecurity expert leads King Saud University in winning US AI-based biometrics patent
- The university says it such research projects can help transform the kingdom into a knowledge-based economy
- Muhammad Khurram Khan, who led the research team, has set up a cybersecurity think tank in the United States
Pakistan, global crypto exchange discuss modernizing digital payments, creating job prospects
- Pakistani officials, Binance team discuss coordination between Islamabad, local banks and global exchanges
- Pakistan has attempted to tap into growing crypto market to curb illicit transactions, improve oversight
ISLAMABAD: Pakistan’s finance officials and the team of a global cryptocurrency exchange on Friday held discussions aimed at modernizing the country’s digital payments system and building local talent pipelines to meet rising demand for blockchain and Web3 skills, the finance ministry said.
The development took place during a high-level meeting between Finance Minister Muhammad Aurangzeb, Pakistan Virtual Assets Regulatory Authority (PVARA) Chairman Bilal bin Saqib, domestic bank presidents and a Binance team led by Global CEO Richard Teng. The meeting was held to advance work on Pakistan’s National Digital Asset Framework, a regulatory setup to govern Pakistan’s digital assets.
Pakistan has been moving to regulate its fast-growing crypto and digital assets market by bringing virtual asset service providers (VASPs) under a formal licensing regime. Officials say the push is aimed at curbing illicit transactions, improving oversight, and encouraging innovation in blockchain-based financial services.
“Participants reviewed opportunities to modernize Pakistan’s digital payments landscape, noting that blockchain-based systems could significantly reduce costs from the country’s $38 billion annual remittance flows,” the finance ministry said in a statement.
“Discussions also emphasized building local talent pipelines to meet rising global demand for blockchain and Web3 skills, creating high-value employment prospects for Pakistani youth.”
Blockchain is a type of digital database that is shared, transparent and tamper-resistant. Instead of being stored on one computer, the data is kept on a distributed network of computers, making it very hard to alter or hack.
Web3 refers to the next generation of the Internet built using blockchain, focusing on giving users more control over their data, identity and digital assets rather than big tech companies controlling it.
Participants of the meeting also discussed sovereign debt tokenization, which is the process of converting a country’s debt such as government bonds, into digital tokens on a blockchain, the ministry said.
Aurangzeb called for close coordination between the government, domestic banks and global exchanges to modernize Pakistan’s payment landscape.
Participants of the meeting also discussed considering a “time-bound amnesty” to encourage users to move assets onto regulated platforms, stressing the need for stronger verifications and a risk-mitigation system.
Pakistan has attempted in recent months to tap into the country’s growing crypto market, crack down on money laundering and terror financing, and promote responsible innovation — a move analysts say could bring an estimated $25 billion in virtual assets into the tax net.
In September, Islamabad invited international crypto exchanges and other VASPs to apply for licenses to operate in the country, a step aimed at formalizing and regulating its fast-growing digital market.
