Trust Stamp (NASDAQ:IDAI, EURONEXT:AIID) has announced the winners of the 2022 Trusted Rwanda Hackathon following a hybrid event pitting five finalists.
Their challenge was to leverage Trust Stamp (NASDAQ:IDAI, EURONEXT:AIID)'s secure identity and data tokenization technology, through simple API integration, transforming the firm’s technology solutions in Africa while also considering factors including biometrics, regulatory compliance, privacy and cyber security.
"The fantastic response from applicants and the diversity of solutions targeted at unique local and global needs highlights the significant role of privacy-first identity frameworks in delivering modern, accessible, and secure services across industries and geographies," said Trust Stamp (NASDAQ:IDAI, EURONEXT:AIID) chief innovation officer Raman Narayanswamy in a statement.
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On April 5, the finalists, virtually and in person, presented their solutions to a judging panel comprised of private and public-sector experts in identity and digital transformation, including Jean Claude Niyokwizera of Rwanda's National Identification Agency, Rodrigue Ruhashya of the Rwanda Ministry of ICT and Innovation, and Philip Kakuru of MTN Rwanda.
iLabs International/Uqu.do was adjudged the winner for its proposed privacy-preserving cross-border identity wallet ecosystem with EU-Africa interoperability. The digital identity company wins access to Trust Stamp's APIs and development support to bring the innovation to life. Second place went to SSINTAR which proposed a metaverse environment modeled on Kigali, in which avatars establish trust by verifying identity with Trust Stamp's secure and streamlined identity technology while Imbehe, a startup in the health data services space, came third for its proposed digital health wallet enabling patients to securely access their insurance and health information with the protection of biometric authentication.
The other finalists were Santech Rwanda and Fiinanza.
"We would like to thank the panel of judges for their expert insights and each participant for their dedication throughout the last two months. The 2022 Trusted Rwanda Hackathon participants are pioneering technical advancement in Africa, and we look forward to further growing Trust Stamp Rwanda in the coming year alongside this incredibly innovative and talented community," concluded Narayanswamy.
Trust Stamp creates proprietary artificial intelligence solutions, researching and leveraging facial biometric science and wide-scale data mining to deliver identity and trust predictions while defending against fraudulent identity attacks.
Contact the author at jon.hopkins@proactiveinvestors.com