ATLANTA, Jan. 04, 2024 (GLOBE NEWSWIRE) — Trust Stamp (Nasdaq: IDAI), the Privacy-First Identity CompanyTM, providing AI-powered trust and identity services, has announced the filing of a provisional patent application for its new Stable IT2TM technology.
Stable IT2 is a groundbreaking facial recognition technology designed for identity authentication, secure system access, and account protection. It uses a cryptographic token generated from a user’s facial biometrics to respond to cryptographic challenges and authenticate messages, enhancing security and user control over personal information.
At registration, Trust Stamp’s binding process combines a cryptographic key and biometric information to produce sketch and helper data that can be stored anywhere, including on edge wallets, mobile devices, or a distributed ledger. The ultra-secure feature of Stable IT2 is that even in verification, neither the secret nor the biometric about the user is revealed.
During the authentication process, the system does not compare raw biometric data or biometric templates. Instead, it matches the tokenized representations, ensuring that biometric data is never exposed or stored. This tokenized matching is not only secure but also highly efficient, providing quick and accurate identity verification thereby reducing the risk of account takeover by attackers.
Dr Norman Poh, Trust Stamp’s Chief Science Officer commented, “When a company adopts Stable IT2, Trust Stamp’s technology integrates into the back-end of their existing systems to overhaul the facial recognition process. During the process, a user’s facial image is captured – typically via a selfie, and the image is then converted into a Stable IT2 token using Trust Stamp’s proprietary algorithm. This token, a complex cryptographic representation of the user’s facial data, is used for all subsequent identity verifications. During the authentication process, the system does not compare raw biometric data or traditional templates. Instead, it matches the tokenized representations, ensuring that the actual biometric data is never exposed or stored. This tokenized matching is not only secure but also highly efficient, providing quick and accurate identity verification”.
The Stable IT2 represents a user-centric approach to biometric authentication, keeping control of personal data in the hands of the user and requiring explicit consent for use, aligning with core user-privacy and data minimization and protection principles. By replacing the back-end processes of traditional facial recognition with a tokenized matching system, Stable IT2 sets a new standard in the field of biometric authentication.
Enquiries:
Trust Stamp Email: Shareholders@truststamp.ai
Norman Poh, Chief Science Officer
About Trust Stamp
Trust Stamp the Privacy-First Identity CompanyTM, is a global provider of AI-powered identity services for use in multiple sectors, including banking and finance, regulatory compliance, government, real estate, communications, and humanitarian services. Its technology empowers organizations with advanced biometric identity solutions that reduce fraud, protect personal data privacy, increase operational efficiency, and reach a broader base of users worldwide through its unique data transformation and comparison capabilities.
Located across North America, Europe, Asia, and Africa, Trust Stamp trades on the Nasdaq Capital Market (Nasdaq: IDAI). The company was founded in 2016 by Gareth Genner and Andrew Gowasack.
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