- Trust Stamp (IDAI, Financial) and Partisia form a strategic partnership to enhance digital identity security and privacy.
- The collaboration utilizes Trust Stamp's biometric technology and Partisia's Multi-Party Computation (MPC) to create a privacy-centric identity verification system.
- This new solution leverages the GODS Network to allow cross-platform identity verification, streamlining onboarding processes across various digital services.
Trust Stamp (IDAI), a leader in biometric technology, has announced a strategic partnership with Partisia to develop a more secure and private digital identity verification system. The collaboration focuses on creating a privacy-focused solution that links digital credentials to biometric data without compromising user privacy.
The innovative solution transforms biometric inputs into secure, non-reversible representations, avoiding the need to store sensitive biometric data or cryptographic keys. By integrating with Partisia's Multi-Party Computation (MPC), the system ensures that personal data remains under user control and reduces security risks associated with centralized databases.
This partnership aims to address the privacy-security tradeoff in identity verification by offering a system that preserves user privacy while delivering robust authentication. Additionally, the utilization of the GODS (Global Omnichain Data Service) Network enables cross-platform identity verification, promoting broader adoption across finance, digital services, government, and Web3 platforms.
The combined technologies offer a unified solution for regulated industries, particularly in banking, by streamlining onboarding processes, reducing fraud risks, and ensuring compliance. As part of this effort, Trust Stamp and Partisia are committed to creating a digital identity ecosystem where credentials securely link to their rightful owners while minimizing the exposure of personal information.
