Trust Stamp Inc (OTCQX:IDAI, EURONEXT:AIID) reports that it is advancing its innovative intellectual property portfolio.
In a statement, the company said the US Patent and Trademark Office has allowed the applications for two US Non-Provisional Patent Application for issuance as patents and published an application for a third US Non-Provisional Patent Application.
"As a result of our significant investment into research and development, Trust Stamp's robust privacy-first patent portfolio protects the unique benefits of our product offerings and enables us to deliver unparalleled security, utility, and privacy, at a fraction of the cost of traditional biometric solutions,” said Trust Stamp (OTCQX:IDAI, EURONEXT:AIID) CEO Gareth Genner in a statement.
READ: Trust Stamp announces strategic growth plan in Africa
“Our commitment to innovating secure, privacy-first identity and trust verification solutions has driven our global, cross-industry growth as we identify and address the compounding challenges and changing consumer demands in digital service delivery and strengthen our competitive advantages when delivering enterprise security and fraud prevention, data protection and privacy, and financial accessibility solutions," Genner added.
The company said its “Systems and Processes for Lossy Biometric Representations” application was allowed for issuance as a patent on December 9, 2021.
The invention protects biometric data through irreversible tokenization, a key differentiator of Trust Stamp (OTCQX:IDAI, EURONEXT:AIID)'s innovative privacy-first approach to identity. This core technology cryptographically obfuscates biometric information to provide a means for secure authentication that protects the privacy of individuals and mitigates potential damage due to data loss or compromise.
The process encodes biometric information via a neural network that destroys much of the source data, inserts a key, and transforms the resulting data to create an anonymized representation known as the Irreversibly Transformed Identity Token (IT2). Trust Stamp (OTCQX:IDAI, EURONEXT:AIID)'s IT2 technology can be applied to any data from any source, for accurate, protected, and low-footprint identification and deduplication.
The company said the “Systems and Methods for Passive-Subject Liveness Verification in Digital Media” application was allowed for issuance on December 17, 2021, complementing Trust Stamp's comprehensive presentation attack detection capabilities with technology that detects liveness in photos or videos of an individual without requiring their active physical movement for a low friction user experience.
The company's advanced proof-of-liveness algorithms deliver a multi-layered approach to blocking presentation attacks, to ensure that only the authorized individual can gain access to their accounts and sensitive data.
The company said the third application for “Systems and Methods for Liveness-Verified, Biometric-Based Encryption” was published on December 2, 2021.
This innovation builds on the security and fraud-resistance of Trust Stamp's proven biometric capture, tokenization, and comparison technologies by determining whether biometric information is provided by a live individual or has been spoofed through methods including the use of printed images, recorded video, and feature-altering face masks.
Contact the author: patrick@proactiveinvestors.com
Follow him on Twitter @PatrickMGraham