T Stamp Inc (NASDAQ:IDAI, EURONEXT:AIID), doing business as Trust Stamp, told investors that the US Patent and Trademark Office (USPTO) has issued a notice of allowance for its utility patent application covering “Systems and Methods for Liveness-Verified, Biometric Based Encryption."
The privacy-first identity company’s chief science officer, Dr Norman Poh, explained that Trust Stamp’s liveness detection technology used in conjunction with its patented identity tokenization is designed to defend against the escalating occurrence of presentation attacks.
“Speaking at the World Economic Forum in Davos Switzerland this week, JPMorgan shared that they are fighting off around 45 billion attempts a day to infiltrate their system,” Poh commented in a statement.
“It is inevitable that the rapid acceleration of artificial intelligence tools will increase the capabilities of the attackers and we believe that AI-powered defenses such as this are essential as we seek to stay one-step ahead of the systematic risk.”
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.