“Of all the books in the World, the best stories are found between the pages of a passport.” — Unknown
The earliest reference of the passport can be found from the reign of Henry V, in an Act of Parliament dated 1414. Passport, in literal terms, is a document used to pass through the ports of another state. Or, through the gates in city walls (‘portes’ in French) in ancient times. The origination of the word ‘passport’ is still up for debate, but the value it holds is still true to date.
And the reason a wast majority of identity frauds happen with the passport. Over the years, there have been different safety precautions taken to curb the fraud happening with passports. Yet the rise in levels of passport fraud is a grave concern. Reportedly Nirav Modi of Punjab National Bank fraud possessed 3 passports.
During a crucial hire, a passport is a document which is verified by most firms. The document is a confirmation of the authenticity of an individual in terms of identity. Confirming the authenticity of candidates during a hiring process should be of prime importance for any company.
One of the primary verifications involves scanning the MRZ (machine-readable zone) code. The MRZ contains the name, passport number, nationality, date of birth, sex, and passport expiration date of an individual.
During this verification, the MRZ code on the passport is checked and matched with the code generated using the International Civil Aviation Organization (ICAO) algorithm. Any inconsistency in MRZ code is indicative of manipulation.
Passport verification is a standard process during a background check by SpringVerify.
Passport is bound to become a major component in an individual’s identity going forward. Identity in itself will have different definitions in the future. In a scenario where governments will have identities stored cryptographically, validating an individual would only require an iris scan.
Till such a future happens, individual identitiy validations will have different forms including passport verifications.
SpringVerify is the modern take on the age-old problem of employee verification being costly, tedious, and out of reach of small businesses. We are trying to build a platform where the employee verification process happens seamlessly and with minimal effort required from both the company and the employee.
We believe that employee verification is a must for any business. It is a critical process in ensuring that every employee working with you is faithful and could be trusted. CareerBuilder survey shows that a company stands to lose on average $17000 on a wrong hire. Read more here.
We have built the platform with blockchain and believe that it will change virtually everything it comes in contact with. Blockchain helps us in building a decentralized system which keeps all our data secure and immutable. Read more here.