For Clear, an identity verification company that serves airline passengers, the slowdown seemed like an existential threat. Clear’s 5 million members pay for an annual subscription that lets them travel through security lines faster at more than 60 airports and sports arenas around the U.S.
Clear’s vision for its fingerprint, iris-scanning, and facial recognition business goes beyond kiosks in airports or sports areas — it wants to be a holistic identity verification platform, covering more intimate moments in our everyday lives.
At its core, Clear monetizes trust. When the company verifies a person’s identity, whether that be to enter an airport, a stadium, or buy a beer at a concession stand, Clear is affirming that they are who they say they are. Right now, this verification process means priority access to an airport or stadium security line as a trusted Clear member. B... See more