ShareRing, an Australian blockchain company specializing in self-sovereign digital identity, is proud to announce its accreditation under the “Digital Identities and Attributes Trust Framework” (DIATF) in the United Kingdom. This achievement demonstrates ShareRing’s commitment to providing secure and private reusable digital identity authentication.
Expanded Digital Identity Solution for the UK
With this accreditation, ShareRing can now offer its digital identity solution for digital ID authentication, including ID verification for land registry purposes in the UK. Businesses across various industries can utilize ShareRing’s technology to verify customer identities, conduct financial KYC and customer due diligence, manage venues and guests, and handle corporate identity management. ShareRing provides a web-based platform for businesses to manage their digital identity needs while customers maintain control over their personal information through the Identifi Me app.
The Importance of DIATF Accreditation
The DIATF is a comprehensive framework overseen by UK government authorities. It establishes trusted and secure digital identity ecosystems by defining standards, principles, and requirements that accredited companies like ShareRing must meet. This ensures the integrity, privacy, and reliability of user data while minimizing the risk of identity fraud and cyber threats.
“Digital identities are pivotal to removing friction from our everyday lives, and drastically improve operational efficiency across all businesses,” said Tim Bos, Founder of ShareRing. “The UK leads the way in digital ID regulation, and with the accreditation, ShareRing can confidently partner with public and private sectors in Australia and the UK.”
A Secure Blockchain-Based Solution
ShareRing’s self-sovereign identity solution is built on blockchain technology (Tendermint PoS and Cosmos SDK). It creates a tamper-proof ecosystem that protects businesses and individuals from breaches and fraud. ShareRing ensures that personal data is verified and under the user’s control, only shared with third parties when necessary and with explicit consent.
Partnerships and Future Plans
Over the past year, ShareRing has formed partnerships with private sector businesses in Australia and overseas, replacing traditional KYC and customer authentication processes with reusable digital identities. The company aims to continue establishing partnerships with investment funds, nightlife venues, F&B venues, and hotels in Australia and the UK. These partnerships will help safeguard businesses from identity fraud, enhance operational processes, and reduce costs.
ShareRing’s accreditation under the UK’s Digital Identities and Attributes Trust Framework solidifies its position as a leader in self-sovereign digital identity solutions. With this achievement, ShareRing can expand its services in the UK, providing businesses with secure digital ID authentication and verification for various purposes. The company’s blockchain-based solution ensures data integrity and user control, minimizing the risk of identity fraud. As ShareRing continues to establish partnerships across different sectors, it contributes to removing friction from everyday operations while improving efficiency and protecting against cyber threats.
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