We’ve integrated our technology with LedgerState’s blockchain technology to create a new digital identity solution. It was showcased at the Concordia Summit during the UN Assembly in New York. This event aims to advance critical global discussions and transform conversations into action, shared value approaches and social impact objectives. It was a continuation of the partnership between us and LedgerState, showcased at the World Economic Forum last year.
LedgerState showcased ourInnovative use of facial recognition on blockchain, which aims to protect citizens and enable governments to deliver public services more securely and efficiently.
Our identity and document verification solution, Doc Scan ‘Powered by Yot’i is combined with LedgerState’s blockchain framework, enabling governments to safeguard citizen data using less resource and without data centres. This is particularly beneficial for emerging economies in the Global South.
Our partnership with LedgerState will bring about better protection of people’s data, improved privacy and more resilient systems for citizens and governments. The decentralised nature of blockchain infrastructure removes risk of data being stored in one place, meaning there’s no central point for hackers to access information.
Our APIs bring new, secure ways for organisations to connect with individuals. Our own social purpose team strives to keep people safe online and assist humanitarian organisations with identity needs in the developing world. This move from LedgerState has the potential to help a broad range of governments including those in the developing world.
Nino Vang Vojvodic Founder of LedgerState said, “Now there are finally tools and systems available for governments to grant a higher level of Sovereignty to their citizens. Early implementers will gain significant advantage when it comes to attracting the best talent and people to their citizenship or residency.”