Plus   Neg

Dutch Firm Gemalto Deploys Digital ID App On R3's Corda Blockchain Platform


Dutch digital security firm Gemalto has piloted its digital ID application called Trust ID Network by deploying it on the latest version of blockchain consortium R3's Corda enterprise blockchain platform.

The new Gemalto Trust ID Network enables users to give digital service providers fully verified and secured Digital ID.

Users can enroll with digital banking, eCommerce and eGovernment services, without having to go through repeated due diligence processes for each of them.

The user can add personal data to their digital identity, have it certified, and give consent to share it with chosen service providers. Only "attestations" issued by trusted parties are stored on the blockchain, keeping personal data under sole control of users.

The use of blockchain technology enables digital transactions that are based on trusted and verified identities, without exposing sensitive data to the threat of hacking and cyber-attack. With Trust ID Network, user control is facilitated via the ID Wallet, a convenient and secure mobile app.

This self-sovereign ID ecosystem could help banks and financial institutions as they have to implement Know Your Customer (KYC) procedures, data privacy, protection, and customer authentication.

For comments and feedback contact: editorial@rttnews.com

Business News

Follow RTT