Trust Stamp’s MetaPresence™ Vault is coming soon: join the waitlist
June 07 2022 - 8:30AM
Trust Stamp (Nasdaq: IDAI, Euronext Growth: AIID ID), an AI-powered
trust and identity services company used globally across multiple
sectors, announces that it is accepting sign-ups for the
MetaPresence™ Vault waitlist. The innovative solution provides
secure account credential and private key storage, ensuring
personal wallets and digital asset keys are protected and
accessible only to the user via their MetaSafe account, independent
of platforms and service providers. Individuals can transact more
freely across the metaverse with the enhanced utility of protected,
interoperable access to their digital assets.
Trust Stamp’s secured biometric authentication
technology leverages irreversible data tokenization to protect
personal information, keys, and credentials from unauthorized
access. Biometric and other data is converted into Trust Stamp's
proprietary Irreversibly Transformed Identity Token (IT2TM) and
immediately discarded, powering enhanced assurance without the need
to store or share sensitive personal information. The MetaPresence™
Vault provides an immutable, cryptographically verified history to
assure long-term data protection and availability through its
infrastructure on an Amazon Quantum Ledger Database.
Trust Stamp CEO Gareth Genner comments, “With
over $3.2 billion in crypto stolen in 2021, and an estimated 20% of
all Bitcoin permanently inaccessible due to lost credentials,
protecting private keys is essential in the digital world. The
MetaPresence™ Vault takes digital asset protection and management
to the next level with interoperable utility within a larger
cross-platform ecosystem to power a more unified decentralized
landscape. We believe this technology addresses a significant unmet
need in the financial sector as well as the growing consumer
metaverse markets. As a result, we are excited to take this
important step towards a broader commercial rollout.”
In parallel to the direct-to-consumer model,
Trust Stamp plans to deliver the secure vault service through
financial institutions, including US-based and international banks,
in response to growth in the adoption of decentralized financial
services. In the increasingly digitized global economy, banks can
demonstrate a user-centric commitment to meeting the financial
service needs of customers today with a solution that protects the
security and longevity of access credentials and encryption keys,
even in the absence of cryptocurrency exchange and/or custody
services.
Genner is speaking on challenges and
opportunities in building the economy of the Metaverse at this
year’s Money20/20 Europe. The panel session takes place at 10:00 am
CEST on Wednesday, June 8, 2022, and the Company is exhibiting in
the State of Georgia Pavilion from June 7 – June 9.
Enquiries
Trust Stamp
Email: Shareholders@truststamp.ai
Gareth Genner, Chief Executive
Officer
Nisha Naik, Executive VP of Communications
Davy (Euronext Growth
Advisor)
Tel: +353 1 679 6363
Barry Murphy
Investor
Relations
Tel: +1 212-671-1021
Crescendo
Communications
Email: idai@crescendo-ir.com
About Trust Stamp
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. Its technology empowers organizations with
advanced biometric identity solutions that reduce fraud, protect
personal data privacy, increase operational efficiency, and reach a
broader base of users worldwide through its unique data
transformation and comparison capabilities.
Located in seven countries across North America, Europe, Asia,
and Africa, Trust Stamp trades on the Nasdaq Capital Market
(Nasdaq: IDAI) and Euronext Growth in Dublin (Euronext Growth: AIID
ID). Founded in 2016 by Gareth Genner and Andrew Gowasack, the
company now employs over 100 people.
Safe Harbor Statement: Caution Concerning
Forward-Looking Remarks
All statements in this release that are not based on historical
fact are “forward-looking statements” including within the meaning
of the Private Securities Litigation Reform Act of 1995 and the
provisions of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. The information in this announcement may contain
forward-looking statements and information related to, among other
things, the company, its business plan and strategy, and its
industry. These statements reflect management’s current views with
respect to future events based on information currently available
and are subject to risks and uncertainties that could cause the
company’s actual results to differ materially from those contained
in the forward-looking statements. Investors are cautioned not to
place undue reliance on these forward-looking statements, which
speak only as of the date on which they are made. The company does
not undertake any obligation to revise or update these
forward-looking statements to reflect events or circumstances after
such date or to reflect the occurrence of unanticipated
events.
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