Veridium Named Founding Steward of the Sovrin Network

World News: . []

Salt Lake City, July 11, 2018 (GLOBE NEWSWIRE) -- today announced that biometric security innovator,  would join the the Sovrin Network as its newest founding Steward. Veridium will collaborate with other Stewards to create, operate, and maintain the foundation’s self-sovereign identity network.Veridium, a leader in strong authentication solutions using biometrics instead of passwords and tokens, joins Deutsche Telekom, Cisco, IBM and over 40 Stewards working to help solve the problem of digital identity on the Internet through self-sovereign identity. Stewards dedicate hardware, network capacity, and security resources to the task of validating the digital signatures of verifiable claims that are exchanged across the Sovrin Network.

"Veridium understands that identity cannot be securely boiled down to simple usernames and passwords,” said Sovrin Foundation Executive Director Heather C. Dahl. “Our organizations are working to solve the problems of digital identity in complementary ways and this is going to be a hugely beneficial collaboration.” 

The Sovrin Foundation is an international nonprofit charged with maintaining the independence and vitality of the Sovrin Network, the only global identity infrastructure that supports self-sovereign identity and verifiable credentialing using a purpose-built distributed ledger at its core.

“As blockchain technology revolutionizes industries across the globe, we’re thrilled to partner with Sovrin on the journey to transform the broken online identity system through self-sovereign identity,” said John Callahan CTO, Veridium. “Through our innovative , biometrics are a safe, strong and self-sovereign form of authentication for identity credentials for the enterprise, creating a world that is both convenient and secure, without the use of passwords.”

 

 

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The Sovrin Foundation is an international nonprofit established to govern the Sovrin Network, a public service utility enabling self-sovereign identity on the internet. Using the , the Foundation ensures its independence from government or industry influence and codifies its dedication to providing a self-sovereign digital identity for all. The Sovrin Network is operated by independent Stewards and uses the power of a hybrid distributed ledger as a fast, private, and secure framework for providing every person, organization, and connected device a permanent digital identity with which to transact securely online.

Veridium is a leader in the development of “strong authentication” solutions using biometrics instead of traditional passwords, PINs, and tokens. Powered by an unmatched legacy of IP and R&D, our software increases security, improves convenience, and reduces fraud at a lower total cost of ownership than traditional multi-factor authentication (MFA) solutions. Veridium has offices in the U.S., U.K. and Romania. For additional information, please visit .

Helen Garneau
Sovrin Foundation
+1 801 701-1848
helen@sovrin.org

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Globe Newswire: 15:23 GMT Wednesday 11th July 2018

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