Trust Stamp releases a White Paper on its AI-Powered Stable-IT2 Technology
13 March 2024 - 1:00AM
Trust Stamp (Nasdaq: IDAI), the Privacy-First Identity CompanyTM
has released a white paper discussing its Stable-IT2 technology and
potential use cases. In particular, the white paper addresses the
use of the Stable IT2 in FIDO implementations.
The Stable IT2 is a biometric cryptosystem designed to secure
cryptographic keys and other important secrets via a renewable
cryptographic secret generated using a facial image. Stable IT2
incorporates all of the benefits of Passkeys while introducing an
additional layer of authentication to bolster security further. It
not only aligns with FIDO2 specifications but enhances them by
offering a forward-looking approach to identity authentication. By
integrating Trust Stamp's Stable IT2 into digital credentials,
users can significantly elevate identity security and
authentication. Moreover, this advanced privacy-focused solution
addresses the shortcomings of existing methods like Passkeys,
ensuring that only genuine users can access applications, accounts,
and wallets.
Dr Norman Poh, Trust Stamp’s Chief Science Officer commented,
“Stable IT2 revolutionizes data security in biometric systems by
eliminating the need to store biometric data. With Stable IT2, a
face is authenticated, not by comparing it to a stored biometric,
but instead, the face is authenticated because only the right face
can regenerate the cryptographic key. Therefore, you can secure
digital assets by safeguarding the key, which can only be
regenerated using the right face. While passkeys offer convenience,
their reliance on physical device storage creates some user
friction and prevents wide-spread adoption. On the other hand,
syncing the keys via a cloud service poses significant security
risks. Stable IT2 addresses this conundrum by incorporating
biometrically-derived keys, as a mechanism to protect passkeys.
This not only enhances the security and integrity even in
compromised scenarios but also greatly enhances the portability of
keys across devices. We are, therefore, one-step closer to creating
a biometric-bound digital identity
token.”
Enquiries:
Trust Stamp
Norman Poh, Chief Science
Officer:
npoh@truststamp.ai
To request a copy of the white
paper:
info@truststamp.ai
About Trust Stamp
Trust Stamp the Privacy-First Identity CompanyTM, 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 across North America, Europe, Asia, and Africa, Trust
Stamp trades on the Nasdaq Capital Market (Nasdaq: IDAI). The
company was founded in 2016 by Gareth Genner and Andrew
Gowasack.
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 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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