T Stamp Inc (NASDAQ:IDAI, EURONEXT:AIID), doing business as Trust Stamp, announced that it has been issued a US Patent covering the invention of a Personal Identifiable Information Encoder.
Trust Stamp CEO Gareth Genner highlighted data protection and privacy should be “non-negotiable” for any enterprise or government agency storing or processing personal identifiable information (PII).
“Despite frequent assurances as to secure storage and processing, we continue to see data losses across a wide range of organizations. This technology provides the means to maintain the essential utility of PII without storing highly sensitive data,” Genner explained.
“Anyone processing or storing PII should embrace this technology to fulfill their data protection obligations and mitigate damage and losses in the event of a data breach.”
Trust Stamp provides AI-powered identity solutions for a range of sectors including banking and finance, regulatory compliance, government, real estate, communications and humanitarian organizations.