Trust Stamp (NASDAQ:IDAI, EURONEXT:AIID) Inc has announced that its CEO, Gareth Genner, will be speaking on the use of identity tokenization for streamlined inter and intra-metaverse transactions during a virtual session hosted by the Rutgers Law School FinTech and Blockchain Collaboratory.
The global provider of AI-powered identity services said Genner will join the Collaboratory to explore the use of irreversible tokenization to establish a trusted ‘MetaPresence’ identity that enables privacy-protected storage, access to, and exchange of digital assets, both between and within metaverse environments through payment rails.
“With the potential to build a robust digital environment where individuals around the world can engage and transact freely, the metaverse presents a tremendous opportunity to develop targeted solutions that support an interoperable, accessible, and secure future of the decentralized virtual world while delivering to the privacy-focused principles of Web3,” Genner said in a statement.
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“With a globally evolving regulatory purview around digital assets, a rise in government-backed Central Bank Digital Currencies, and major financial institutions entering the decentralized finance space, the applicability of a scalable and protected identity infrastructure that underlies secure digital transactions is immense,” Genner added.
Trust Stamp (NASDAQ:IDAI, EURONEXT:AIID) noted that those interested in attending are invited to join the virtual event taking place on April 22, 2022, at 12 PM ET at this link.
The company added that the Collaboratory brings experts from industry and academia together to discuss developments in the space and advance the dialogue around emergent regulatory and policy challenges facing crypto and financial technology (FinTech).
As well, Trust Stamp (NASDAQ:IDAI, EURONEXT:AIID) said it is currently beta testing its MetaPresence Vault solution designed to provide secure account-credential and private key storage, using the company’s proven biometric verification and irreversible tokenization technologies to ensure that crypto wallets and digital assets are protected and accessible to only the owner, independent of metaverse platforms and service providers.
The MetaPresence Vault is built on an Amazon Quantum Ledger Database, providing an immutable, cryptographically verified history to assure long-term data protection and availability to support the utility of digital assets as mainstream financial instruments across a rapidly expanding range of uses, according to the company.
Trust Stamp (NASDAQ:IDAI, EURONEXT:AIID) also noted that it is one of 15 blockchain industry leaders that formed the Cryptocurrency Compliance Cooperative, while currently supporting leading Bitcoin ATMs worldwide with real-time KYC/AML-compliant facial biometric and ID document verification built on its core privacy-positive data protection technology.
The company said it maintains multiple patent filings for innovations centered in the digital asset space.
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 Sean at sean@proactiveinvestors.com