The Cardano Foundation has implemented Veridian, a new open source platform aimed at helping people and companies manage their digital identities, according to a Friday launch.
Together with your Veridian wallet, a tool designed to keep personal information safe and allows users to demonstrate who are online without the usual discomfort of sharing confidential data.
This launch comes at a time when demonstrating that the identity of one online is more important and more risky than ever. Whether for medical care, banking, shipping or school records, current systems often leave the exposed data, and with intelligent and AI devices that appear everywhere, those failures are becoming more difficult to solve, said the foundation.
“From Medical and Financial Attention Services to supply and academic chains, identity verification serves as the cornerstone of trust,” said Thomas A. Mayfield, head of trusted solutions and decentralized identity of the Cardano Foundation, in the statement. “Despite this, existing solutions often do not provide adequate security and credential control, resulting in frequent data violations. Only last year, 1.7 billion records were committed in the United States.”
Veridian addresses this by allowing users to take control instead of delivering their information to a central authority. Use open and shared tools to ensure legitimate communication and verify identities without an intermediary.
There is even an option to link it to the cardan block chain to obtain greater guarantee. The Veridian wallet unites everything, allowing people to administer their details safely from their phones.
The wallet application is built for individuals and companies equally, with options for companies to modify it for their needs.
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