Trust Stamp (NASDAQ:IDAI, EURONEXT:AIID) Inc announced that it has entered into a Memorandum of Understanding (MOU), in which its Quantum Foundation will join Malta Enterprise and Plug and Play Switzerland as founding members of the Malta Acceleration Program.
The Atlanta-based creator of proprietary artificial intelligence solutions said the Malta Acceleration Program’s objective is to strengthen the innovation platform and startup ecosystem in Malta.
“The programmatic focus on data reflects our commitment to innovations in data privacy and security, and we look forward to supporting and collaborating with other innovators in the field,” Trust Stamp (NASDAQ:IDAI, EURONEXT:AIID) CEO Gareth Genner said in a statement.
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“Trust Stamp (NASDAQ:IDAI, EURONEXT:AIID) benefited tremendously from our participation in two Plug and Play programs, and we are confident that many companies established in or considering relocating to Malta can do likewise,” Genner added.
Trust Stamp Malta noted the Quantum Foundation will incorporate Quantum Education Limited as a fully-owned subsidiary in the Republic of Malta, reflecting the company’s ongoing commitment to driving global inclusion as the new entities aim to promote access to education and technology resources.
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.
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