T Stamp Inc (NASDAQ:IDAI, EURONEXT:AIID), doing business as Trust Stamp, announced that it has received a patent from the United States Patent Office for its AI-powered tokenization technology titled “Systems and Processes for Lossy Biometric Representation.”
The company noted that this marked the 17th patent issued to it, in addition to 14 patent applications pending, including one patent that has been approved but not yet issued.
“This patent further strengthens our intellectual property portfolio related to the tokenization of biometric data,” Trust Stamp chief science officer Norman Poh said in a statement.
“Regulators, consumers and enterprises are becoming very aware of the risks associated with storing biometric images and templates and our proprietary tokenization technology avoids those risks while maintaining and indeed extending the utility of the data that is stored.
“This technology can be utilized as a component of our comprehensive identity validation services or overlaid on legacy biometric service providers."
The company also announced on Friday that it has issued a white paper providing background on its newly launched AI-powered suite of facial attributes and quality assessment tools (FAIQA).
“We have built an AI-powered suite of facial attributes and image quality assessment tools (FAIQA) which can be integrated into applications with the objective of improving the quality of the capture,” Poh explained.
“This not only improves the quality of the IT2 tokens generated but also directly enhances the user experience due to a higher success rate in both enrollment and re-authentication for all users.”
Trust Stamp is a global provider of AI-powered identity services for use in multiple sectors including banking and finance, regulatory compliance, government, real estate, communications, and humanitarian services.
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