Trust Stamp (NASDAQ:IDAI, EURONEXT:AIID) Inc has unveiled its new government-focused privacy-first identity technology Privtech which has received registered trademark status from the US Patent and Trademark Office.
The company said the technology provides four customizable levels of privacy protection using the company’s existing Privtech Certified structure and offers government agencies the ability to verify identity and protect against fraud while minimizing the data collected and providing transparency as to its use.
Trust Stamp (NASDAQ:IDAI, EURONEXT:AIID) CEO Gareth Genner noted that the solution had been designed to meet the specific demands of government customers which represent a very substantial and growing market opportunity.
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“Government agencies need to balance safe and efficient interaction with digital users against minimizing intrusion into the user’s privacy,” he said in a statement.
“Unlike the typical biometric systems in use today, Privtech Level Four does not require data intermediation by a private sector vendor and does not require the user to provide the agency with their biometric data.”
Trust Stamp is a global provider of AI-powered identity services for use in multiple sectors including banking and finance, regulatory compliance, government, real estate, communications, and humanitarian services.
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