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Dallas IT Start Up Receives Funding for System to Crackdown on Identity Fraud
Funding allows bSecurity Systems to take major step forward in creating prototype for Identity Management System that many experts have called the most innovative technology they've ever seen
Irving Rowe of Pinnacle Management Service, a Dallas technology consulting firm, has been named the lead project manager and developer for the prototype of B-System Identity Management System (IMS).
The firm, founded by Dallas inventor Ray de Beasley, is in the development phase for a technological method that will demonstrate one of the most innovative inventions designed to help protect everyone’s Social Security Numbers (SSN). It has the potential to generate tens of billions of dollars annually to create and fund more than 200,000 estimated federal jobs, according to analysts’ projections.
“This project is extremely important not only to me, but to the city of Dallas as well,” said Shareefah McConnell, the project’s first investor, and president of Strategizing Insurance Advisors, LLC. “I believe the technology Mr. de Beasley created is assured to set Dallas on the map for globally innovation, and it will be the first of its kind.”
The investments come at a time when the business community is closely looking at the stock market’s timid reaction to the initial public offering of Facebook. Local investors said they’re looking at businesses that will have a direct impact on their communities. The wave of new investment comes after more than four years of seed funding that B-System has received to file for a patent, create the business plan and preliminary design for the system. With nearly $100,000 invested and thousands of hours of sweat equity, bSecurity Systems, LLC is poised to move forward, supporters said.
“When Bill Gates was forming his little company which grew into Microsoft, I didn’t know anything about it during the development stage,” said Linda Hayes, president of the Southern Communities Investment Club, and Realtor. “But I know about B-Systems and its potential impact on Dallas, Texas, the United States, and the world.”
Lana Jackson, owner of LJ Services, a tax, payroll, accounting service company for individuals and businesses, said the potential of this project is huge. “I have been following this project for four years,” Jackson said. “This project is great for growth in our community and for all of Dallas. This is a lifetime opportunity to get involved on the ground level.”
Tom Hill, who ran the EDS Fellows and the Distinguished Engineering Program, has been a longtime supporter of the B-System Identity Management System (IMS), says this is a huge step forward for this project. “Since the proposed system protects social security numbers and other personal privacy attributes; the development jobs, implementation jobs and operations jobs created by the system will most certainly be contained within the USA.”
As project manager, Rowe will play a critical role in creating a prototype that will provide the ability to effectively demonstrate the IMS method and that will be used towards the development of the entire system.
“B-System will use multiple processes and algorithms for authenticating users, looking up matching faces on multiple photos, automatically recognizing facial features in graphic editors, and locating faces on still images,” said Rowe who has been a programming consultant for more than 20 years. “With this type of system, the nation as a whole will benefit.”
The B-System Privacy Protection Method, in part, offers a more effective and secures the means to issue and protect the national use of the social security number. The software is conceived to provide the federal government and commercial outlets an innovative method that will effectively deter and dramatically prevent ID fraud and save hundreds of billions of dollars annually in monetary and other forms of loss that is associated with being a victim of ID Fraud.
Hayes said she’s excited about the future of the B-System solution and the opportunity for residents of the southern sector of Dallas to invest in their own community. “I invested now because it’s affordable,”
To learn more about the B-System IMS, go to http://bsecuritysystems.com.