According to the Federal Trade Commission, Identity Theft cases more than doubled in 2020. It is imperative to deploy a system to support an accurate digital identity system of individuals, assets, and companies through verifiable credentials. This company could be a game-changer in personal identity and data. It uses Blockchain technology to secure a proprietary digital certificate of Authenticity. Ownership of identity is a basic human right and individuals should be the primary beneficiary of any use of their identity, not corporations! Self-Sovereign Identity (SSI) is the future. SSI describes the digital movement that enables individuals to own and control their identity without the intervention of administrative authorities. SSI holds verified digital credentials given to you by organizations that you deal with, creating digital versions of the same physical credentials you already have, and that you can choose to share with others. This is a Digital ID fintech company focused on empowering users to verify, manage, control, and create value from their identity and public, permission-based data through SSI solutions. It is positioning itself as a utility for consumers to be able to manage digital credentials. Uses are applicable for e-commerce, education, health, financial services, government programs, or other instances where a user needs to share personal or public information and where businesses need to validate that user. The company’s cloud-based biometric valuation starts with facial recognition and supports most camera-enabled devices. It provides you with tools to set permissions and control your private data, reducing the opportunity for ID fraud. One area of particular interest is providing verification of testing and vaccinations. On December 8, 2020, this company announced a consortium to partner with a leading Covid-19 testing and health verification organizations to implement a verifiable identity and credential platform. Subsequently it has announced further partnerships in testing and with Cardea, a Linus Public Health Foundation project. These agreements represent just one of the many uses for its technology. The company is made up of experienced industry veterans with proven results. It is revenue-focused, has low customer acquisition costs, and global scalability. According to Data Reportal, 4.72 billion people around the world used the internet in April 2021- more than 60% of the World’s population. That is the type of Total Addressable Market (TAM) that is music to the ears! You really need to look deeper into this exciting company and its technology here. Regards, Dear Wallstreet |
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