News / TIACA Innovation: Only Look Once to see who's coming

Oloid Ai

During TIACA’s Innovation days in Silicon Valley last month, organised by Matchlabn, senior delegates from across the air cargo industry met a wide variety of start-ups. The Loadstar is publishing a series of short articles looking at new technologies potentially suitable for the industry.

Start-up: Oloid (Only Look Once Identity)

Device: facial recognition

Oloid is a physical identity platform, offering contactless facial recognition “for the deskless worker”. The hardware is not important – any device will do – it’s the software that makes the difference.

Oloid has so far raised some $17m from venture capital firms for its technology, which upgrades and modernises clocking-in with facial recognition.

“At the moment there is a poor user experience and, since Covid, concern over hygiene, with multiple people clocking-in physically. There is also poor security, with people swapping cards or codes, and limited or no data intelligence. Payroll – or time – theft can account for 7% of overall payroll costs, according to the American Payroll Association.

“Our system is future-proof as it can integrate with any system. It also reduces the time it takes to clock in, reduces health risks and integrates with existing HR and IT systems,” said the company. It can also help with payment for hourly based workers who often forget passwords and access codes.

Oloid is also ensuring it can work on workers’ phones and at home.

“Employees can choose contactless biometrics or mobile credentials to gain physical access,” said the company, adding that it keeps up “with all the existing and new privacy and biometric laws so that you don’t have to lose your sleep over it”.

“It also has good accuracy. It can even identify and separate identical twins.”

Customers can ask for a free trial while the technology is in beta phase.

However, some companies expressed concern over regulations, particularly at on-airport sites where security is high and graded.

“Security passes at airports tell you where you can go, but they also tell other people where you can go,” said one airport executive. “We have to challenge people if we see them in the wrong place, according to their security pass. I think the FAA or its equivalents would need to approve it for airports.”

Use case: any location where staff clock-in or require security clearance

Cost: free trials while it is in beta phase

Pros: speed, efficiency, flexibility and hygiene when clocking-in

Cons: may need regulatory authority approval for some high-security locations, such as airports