Trust Stamp (NASDAQ:IDAI, EURONEXT:AIID), the AI-powered trust and identity services company, said it has received a Notice of Allowance for its latest patent by the United States Patent Office, covering its biometric authentication technology.
The company said its unique technology irreversibly transforms biometric and other identity data into a secure token to provide an unparalleled level of data protection while improving the efficiency and expanding the utility of legacy identity systems.
"This will be our twelfth issued patent, and we have an additional twenty-one patent applications pending,” Trust Stamp (NASDAQ:IDAI, EURONEXT:AIID) CEO Gareth Genner said in a statement.
“Over the last six years, we have invested heavily in research and development and our growing patent portfolio covers not only identity tokenization but also presentation attack detection, metaverse identity systems, NFTs, trust scores, and the broader field of biometric science."
READ: Trust Stamp says accepting sign-ups for secure account credential and cryptographic key storage solution, MetaPresence Vault
"Each of our patents contribute to an overall depth of technology innovation that allows us to deliver identity and trust-focused solutions that place privacy at the forefront of our design considerations. Our customized solutions can be deployed on any server or blockchain, or even exclusively on the user's own device giving the subject transparent control over their identity," Genner added.
Based in Atlanta, Trust Stamp (NASDAQ:IDAI, EURONEXT:AIID) is a provider of AI-powered identity services for a range of sectors including banking and finance, regulatory compliance, government, real estate, communications, and humanitarian services.
Contact the author at jon.hopkins@proactiveinvestors.com