TrustStamp is a digital verification platform that uses social media and other publicly available data for verifying a user’s identity and providing a unique FICO-like trust score. It further enables the user to improve their score by adding additional information.
Trust Stamp launched into Beta on June 1, 2016, at the Next Bank USA conference in Charlotte, North Carolina and is a participant in the QC FinTech Incubator and the National Association of Realtors® REach® accelerator program.
Trust Stamp provides Identity and Trust as a Service to facilitate economic and relationship engagements between enterprises and individuals. We use facial biometrics as a replacement for a user name and password and as a means of signing, encrypting and decrypting data. Each user's confirmed digital ID is converted into a biometric hash and encrypted. The digital ID is stored on an enterprise server with optional storage on a smart contract in the Ethereum Blockchain which can be used as a single use or cross-institution digital identity.
PRODUCTS & SERVICES:
The online verification process comprises of 3 steps i.e. account creation, linking with social networks and sharing of the Trust Stamp and score. Once the score is generated, users can share their score on other platforms in a secured manner. Users have the flexibility of selecting the social network and ecommerce accounts they want to link for their id verification.
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Trust Stamp has clients across multiple industries, including a major U.S. bank.
National Association of Realtor, National Association of Estate Agents
MEDICI analysts will analyze Trust Stamp soon
The company has launched an app to improve the safety of peer-to-peer marketplaces like Airbnb, Craigslist, Facebook Marketplace, and Uber (Nov 2017).
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The company is planning to use the funds to make key additions to their executive leadership team and also to accelerate its product roadmap (Nov 2017).