The Cardano Foundation rolls in Veridian, a new open-source platform aimed at helping people and businesses manage their digital identities, according to a FROM FRIDAY.
Next to it came the Veridian Wallet, a tool designed to keep personal information safe and let users prove who they were online without the usual hassles of sharing sensitive data.
This launch will come at a time when a person’s identity validation is more important and riskier than ever before. Whether it’s for health care, banking, shipping, or school notes, current systems often leave data exposed, and with smart devices and AI that pop up anywhere, those flaws are getting harder to fix, the foundation said.
“From health and financial services to provide chains and academics, identity verification serves as the foundation of trust,” Thomas A. Mayfield, head of decentralized trust and identity solutions to the Cardano Foundation, wrote on the release. “Despite this, existing solutions often do not provide adequate security and credentials, resulting in frequent data violations. Last year, 1.7 billion records were compromised in the United States.”
Veridian ridiculed it by letting users control rather than provide their information to a central authority. It uses open, shared tools to ensure legitimate communication and evaluate identities without go-harmony.
There is even one option to link it to Cardano Blockchain for extra certainty. The Veridian wallet is tied to it all, allowing people to manage their details safely from their phones.
The purse application is built for individuals and businesses alike, with options for companies to tweak it for their needs.
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