Improving business outcomes through facial biometric-based authentication and onboarding, Trust Stamp allows financial institutions and real estate agents to automate the initial due diligence process and address compliance concerns such as KYC, AML, and personal safety risks. “Trust Stamp combines blockchain, biometrics, and artificial intelligence technologies to provide secure and immutable identity authentication,” explains Andrew Gowasack, CEO, Founder, Trust Stamp.
The firm’s proprietary AI platform for pattern recognition ensures accurate identity verification by performing a series of inspections to accurately differentiate between person’s image and a pre-recorded video, or a three-dimensional representation. The individual can enroll for Trust Stamp by using the encrypted connection in the Trust Stamp app to upload a ‘secure’ selfie as well as pictures of both sides of their driver’s license. Trust Stamp then confirms the user’s identity through facial biometrics and creates a 256-bit biometric hash from the initial biometric onboarding process information. It then provides a key after the successful enrollment. Using Trust Stamp, the users can complete their due diligence process with any financial institution by sending a selfie from their phone while attaching the biometric hash key. By utilizing the blockchain biometric identity register, financial institutions can access this biometric data and return an automated notification after the validation. “The users also have the option to share their biometric identity with other users as well as Trust Stamp’s partner institutions through SMS and email,” says Gareth Genner, Co-Founder, Trust Stamp.
Building on the massive potential of blockchain, Trust Stamp has introduced a new plug-in, TrustedMail, which ensures email recipients of the sender’s credibility while providing biometric email encryption. When sending an email, the user’s selfie is matched with their original biometrics from enrollment; data is encrypted and sent to the blockchain with the attached biometric hash. After reconfirming the biometric hash, the email gets re-encrypted and forwarded to the recipient. The recipient can unlock the email via a private key or by their own biometric hash.
Trust Stamp combines blockchain, biometrics, and artificial intelligence technologies to provide secure and immutable identity authentication
In an age when real estate agents are investing in new technologies to revolutionize real estate transactions in the U.S, Trust Stamp continues to embed high-value technology in their offerings. The company promises to lead cutting-edge blockchain implementations in the real estate arena.