The Cardano Foundation has deployed Veridian, a new open source platform to help people and businesses manage their digital identities, according to a Friday press release.
At the same time, the Veridian portfolio, a tool designed to keep personal information safe and allow users to prove who they are online without the usual habitable data sharing.
This launch comes at a time when proving online identity is more important and more risky than ever. Whether for health care, banks, shipping or school records, current systems often leave data exposed, and with smart devices and an AI appearing everywhere, these faults become more difficult to correct, the foundation said.
“From health and financial services to supplies of supplies and academics, the verification of identity serves as a cornerstone of confidence,” wrote Thomas A. Mayfield, responsible for decentralized confidence and identity solutions at Cardano Foundation, in the press release. “Despite this, existing solutions often do not provide security and control of adequate diplomas, which leads to frequent data violations. Last year, 1.7 billion files were compromised in the United States. “
Veridian attacks this by allowing users to take control instead of handing their information to a central authority. It uses open and shared tools to ensure legitimate communication and check identities without intermediaries.
There is even an option to link it to the Cardano blockchain for more insurance. The Veridian portfolio attaches everything together, allowing people to manage their contact details safely from their phones.
The portfolio application is designed for individuals and businesses, with options for companies to modify it for their needs.
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