Trust Stamp has partnered with Scurid to deliver highly secure, AI-powered in-field authentication for seamless human-machine interaction
December 28 2023 - 8:30AM
Trust Stamp (Nasdaq: IDAI), the Privacy-First Identity CompanyTM,
providing AI-powered trust and identity services, has entered a
partnership with Scurid, a global pioneer in delivering
cutting-edge solutions for Industrial Internet of Things (IIoT)
device identity and access management (IAM) platform, that enhances
device identities through the incorporation of interoperability and
data management functionalities. Scurid’s user-friendly platform,
enables seamless connectivity among IoT edge devices,IoT platforms,
databases, and other applications, allowing clients to implement
secure autonomous IoT systems swiftly in their applications, and
with a deployment base exceeding 1000 devices, Scurid has earned
trust in production environments, providing their customers the
ability to bring their innovations to market swiftly and securely.
In a strategic collaboration aimed at enhancing the smooth and
secure interaction between humans and machines, Scurid has joined
forces with Trust Stamp, to leverage the benefits of biometrics as
it opens an avenue to elevate the usability and security of IoT
devices. This partnership is poised to play a crucial role in
fortifying a diverse array of emerging IoT and edge devices,
effectively addressing security challenges, and establishing
seamless authentication and authorization, fostering a more
integrated connection between humans and machines
However, biometric data storage and transmission, particularly
for IoT and edge devices, pose security challenges. Encryption,
while common, is not foolproof, leading to potential
breaches. Moreover, in biometric systems with extensive
databases, the search process for a match can be computationally
intensive and time-consuming, and encryption adds complexity,
further slowing down system response time and accuracy. By
utilizing biometric tokenization, like that of Trust Stamp’s
IT2, it addresses these issues, providing performance and
security. By transforming facial biometrics into a tokenized,
irreversible form, the risk of unauthorized access or use of
exfiltrated biometric data is significantly reduced.
Scurid, in synergy with Trust Stamp's biometric verification,
has the potential to revolutionize secure identification and
authorization across diverse IoT deployments such as fleet
management, smart manufacturing, smart cities, and smart
warehouses. This seamless integration forms a scalable,
comprehensive solution, eliminating the complexities of traditional
authentication and fostering a fluid, intuitive interaction between
humans and machines. Scurid’s platform is not just secure but also
highly adaptable, ensuring ease of integration with any existing
platform without vendor lock-in. Its built-in capabilities replace
the need for multiple toolchains, offering a well-rounded,
self-sufficient solution. The decentralized core of Scurid’s device
identity significantly reduces the risk and impact of security
breaches, making it a cost-effective, reliable choice for dynamic
device identity implementation. This approach paves the way for a
new era in security dynamics, where users can grant access with
unprecedented precision, reshaping the interaction between users
and machines in the digital world.
This collaborative project between Trust Stamp and Scurid not
only addresses security challenges in IoT and edge devices but also
exemplifies the multifaceted uses of Trust Stamp's IT2 technology,
showcasing its adaptability and efficacy in diverse sectors such as
finance, healthcare, and government, where precise and secure
identification is essential for fostering trust and efficiency.
Enquiries
Trust Stamp
Email: Shareholders@truststamp.ai
Jonathan Patscheider
Scurid
Email: sushant.pandey@scurid.com
Sushant Pandey
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 in nine countries 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.
About Scurid
Scurid is a software platform simplifying the adoption of secure
digital hardware identity & data trustworthiness for IoT/IIoT
devices. With Scurid’s easy-to-use low code and API-based
functionalities for robotics, sensors, etc. we are enabling our
users to accelerate the adoption of secure autonomous systems in
industries like smart manufacturing, retail, fleet management and
smart cities. Situated in Japan, Germany, and Denmark, Scurid
boasts an international team and serves clients throughout these
regions.
Safe Harbor Statement: Caution Concerning
Forward-Looking Remarks
All statements in this release that are not based on historical
fact are “forward-looking statements” including within the meaning
of the Private Securities Litigation Reform Act of 1995 and the
provisions of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. The information in this announcement may contain
forward-looking statements and information related to, among other
things, the company, its business plan and strategy, and its
industry. These statements reflect management’s current views with
respect to future events-based information currently available and
are subject to risks and uncertainties that could cause the
company’s actual results to differ materially from those contained
in the forward-looking statements. Investors are cautioned not to
place undue reliance on these forward-looking statements, which
speak only as of the date on which they are made. The company does
not undertake any obligation to revise or update these
forward-looking statements to reflect events or circumstances after
such date or to reflect the occurrence of unanticipated events.
T Stamp (NASDAQ:IDAI)
Historical Stock Chart
From Sep 2024 to Oct 2024
T Stamp (NASDAQ:IDAI)
Historical Stock Chart
From Oct 2023 to Oct 2024