T Stamp Inc (NASDAQ:IDAI, EURONEXT:AIID), doing business as Trust Stamp, announced an exclusive Memorandum of Understanding (MOU) with the National Identity Agency of the Republic of Ghana (NIA) to provide identity tokenization for the use of NIA and the numerous government ministries and agencies that it serves, together with private sector clients.
The company said under the MOU, a joint working team will develop a comprehensive long-term contract for Trust Stamp to provide digital identity implementations and identity tokenization services based on revenue sharing arrangements.
“From the Executive Secretary down, the NIA team understands the importance of their work to every area of Ghana’s society, and they have developed a compelling vision based upon the adoption of privacy-protecting, tokenized digital identity, building upon the successful implementation of the Ghana Card,” Trust Stamp CEO Gareth Genner said in a statement.
“A digital identity program based on the Ghana Card has the potential to further accelerate economic growth and position Ghana to maximize the many opportunities for cross-border commerce that are offered by AfCFTA (African Continental Free Trade Area).”
The Ghana Card is a biometric national ID that serves as the primary form of identification in Ghana and is used for banking, SIM registration, travel within ECOWAS, public services, and more, according to the company.
Trust Stamp noted that the MOU provides for an initial two-year exclusivity period that can be extended by mutual agreement.