ATLANTA, April 6, 2020 (Newswire.com) - Trust Stamp, an AI-powered authentication services company headquartered at the Georgia Advanced Technology Development Center, announces the launch of Safe14.com, a secure location tracking tool built on the company's established core technology, that protects privacy through the use of cryptographic anonymization and matching algorithms.
This latest technology launch follows the recent patenting of a touchless fingerprint biometric solution with the convergent focus on public health, information security, and individual privacy, and builds upon Trust Stamp’s Humanitarian & Development collaborations with Mastercard.
In launching Safe14, Trust Stamp stresses the importance of protecting civil liberties while efficiently controlling the spread of disease through calculated quarantining, a critical balance that is unaddressed by current systems that apply intrusive surveillance and economically destructive bans on movement, while creating centralized databases of personal information.
Safe14 revolutionizes the use of personal data during times of public health crisis by irreversibly transforming facial biometric data from periodic selfie check-ins and establishing the authenticated user's Trusted Presence™ using a multi-modality location beacon. Locations are stored encrypted with the tokenized identity of the user, but no other identity data is stored. The data is interrogated on a zero-knowledge-proof basis by the user presenting a QR code stored on their cell phone and taking a secure-selfie.
Trust Stamp's proof-of-life technology substantially reduces the risk of spoofing with bank-level security metrics and, unlike other location tracking tools, ensures that the location of the user is being stored versus just that of a device. Built on the foundation of globally implemented technology, Safe14 enhances trust on all levels of interaction between organizations and end-users.
When asked about the need for Safe14 when over 20 countries have already implemented COVID-19-related surveillance and tracking infrastructures, Trust Stamp CEO and co-founder Gareth Genner commented, "Personal identifying information can be used outside of the scope of necessity, blanketed by a lack of transparency. The pernicious nature of misuse is accentuated when the line between need and abuse is blurred. By anonymizing all identifying data, we can help governments and NGOs to leverage the granular information needed to fight the spread of COVID-19 while maintaining individual dignity, autonomy, and security during this extraordinary time in human history."
Addressing the effectiveness of existing solutions, Gareth Genner went on to say, “All of the systems that I have seen rely on spoofable GPS data and, unless imposing expensive and intrusive 'bracelets,' are only recording the location of devices and not the associated person.”
Trust Stamp has protected the intellectual property behind Safe14 with patent filings in the United States and the United Kingdom, but they invite government, healthcare, NGO, and other non-profit users to get in contact for zero-cost licensing in support of public health. While facing global turbulence and uncertainty, Trust Stamp maintains its mission to accelerate secure societal and financial inclusion through innovative technology.
Trust Stamp is currently seeking reservations for its Series A round of funding to support its continued development and delivery of solutions that answer evolving present-day needs in commercial and humanitarian contexts while maintaining and growing existing partnerships. Trust Stamp invites the public to reserve shares on its profile on SeedInvest, a leading investment platform.
About Trust Stamp:
Trust Stamp applies advanced cryptographic techniques and AI-powered presentation-attack detection tools to biometric and other identity data to create a proprietary non-PII Hash™ (EgHash™). An EgHash is unique to the subject and provides a tokenized identity that cannot be reverse engineered, can be matched and deduplicated using Trust Stamp's probabilistic AI, and verified via zero-knowledge-proofs. Trust Stamp technology is used in multiple verticals, including humanitarian and development services, banking, FinTech, KYC/AML compliance, real estate, and law enforcement. Trust Stamp is a graduate of multiple global programs including QCFintech, 630 Cybersecurity, Plug and Play (Silicon Valley and UAE), NAR REach, Mastercard Startpath and the U.K.’s GCHQ/NCSC incubator.
Disclaimer: Trust Stamp is accepting reservations for an Offering under Tier II of Regulation A. No money or other consideration is being solicited and, if sent in response, it will not be accepted. No sales of securities will be made or commitment to purchase accepted until qualification of the offering statement by the Securities and Exchange Commission (the “Commission”) and approval of any other required government or regulatory agency. A reservation is non-binding and involves no obligation or commitment of any kind. No offer to buy securities can be accepted and no part of the purchase price can be received without an Offering Statement that has been qualified by the Commission. A Preliminary Offering Circular that forms a part of the Offering Statement has been filed with the Commission, a copy of which may be obtained from Trust Stamp: https://www.seedinvest.com/trust.stamp/series.a.
Source: Trust Stamp