Recognized as a Finalist for Interactive Innovation at SXSW for our website
January 22, 2019: Our Website Secures Spot as Finalist in SXSW Interactive Innovation Awards
Our digital platform has been selected as a finalist for the prestigious SXSW Interactive Innovation Awards in the New Economy category. The awards celebrate cutting-edge achievements in the digital realm, with the New Economy category focusing on innovators redefining the exchange of goods and services in the modern, digital world.
Our platform aims to transform the global landscape by providing an open-source ecosystem that redefines the concept of digital identity. In contemporary life, proving one's identity—such as submitting applications for housing, boarding airplanes, or purchasing alcohol—is fundamentally important but often riddled with complications.
Current identity verification processes suffer from complexity, inefficiency, and security risks. They are costly, burdened with increasing guidelines and regulations, require repetitive verifications, and are vulnerable to data breaches.
Enter blockchain technology, the key to unlocking a secure, trusted digital identity ecosystem. This technology enables the creation of a reusable, mobile-accessible digital identity that can be used to open online accounts, prove age, or gain building access.
Blockchain validation ensures that digital identity credentials—like address, age, birthdate, or social security number—are verified effectively and reusable. Users only need to share the minimum required data to obtain access to products or services.
This open-source ecosystem allows both entities requiring verification (known as 'Requesters') and those capable of validating identities (known as 'Validators') to connect and participate in a global marketplace. The marketplace facilitates the exchange of secure identity verification services among businesses and individuals across the world.
In the world's digital backdrop, we aim to ensure that users never share more information than necessary and that they maintain control and insight into what and where their information is being shared. At SXSW, we will demonstrate the workings of this ecosystem, offering a glimpse into the future of seamless, user-focused identity verification.
Stay updated as we embark on our journey to Austin for SXSW, sharing key components of our digital identity ecosystem as it takes shape.
[Enrichment Data: Blockchain's key features for digital identity verification include decentralized identity management, self-sovereign identities, immutable audit trails, integration with biometrics, and a verification process using a trust triangle. These features emphasize the potential for blockchain to revolutionize traditional identity management systems by providing a more secure, transparent, and user-controlled approach to identity verification.]
In the context of our digital identity ecosystem aiming to revolutionize traditional identity management, our platform's integration with artificial intelligence and blockchain technology could potentially redefine the finance and business sectors by streamlining processes, enhancing security, and reducing complexity. The SXSW Interactive Innovation Awards finalist status underscores the potential impact of our technology on the global landscape.
