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ShoCard is a digital identity and authentication platform built on a public blockchain data layer, using public/private key encryption and data hashing to safely store and exchange identity data, which includes biometrics such as fingerprint, facial, iris and voice. ShoCards approach to identity is different than existing solutions in that the user owns and carries her own data within her mobile app and is the sole person who decides with whom to share it with and which pieces of identification to share. The blockchain in then used to validate that information and confirm other third parties who have definitively certified the identity of the user. There is no privately held central location that holds users private information and pieces of a users identification does not need to be spread in other services in order to authenticate or prove ownership of an account. The mobile app is as easy and intuitive to use as a drivers license, but secure enough for a bank.
ShoCard is a virtual identity card platform that consumers use through a mobile app, built on top of the public blockchain data layer. The ShoCard platform uses public/private key encryption and data hashing to safely store and exchange identity data. It’s a form of multi-factor authentication with out-of-band communication, data matching, and multiple private keys and hashes throughout the process.
ShoCard is a virtual identity card platform
The company is planning to partner with Banks. The company monetization model is not disclosed but the company can charge processing fee from banks
consumers and business
$10 M in 2015
For Profit
Jeff Weitzman
Armin Ebrahimi
Ash Patel
1-10
YES
2
$6 M
Aug 2017
Private
Less than $1M
$1.5 M
SERIES A · $4.5 M · Aug 2017
NO
Ping Identity
Oct 2020
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