Invests $50,000 In Outdid To Spur Self-Sovereign Identification
Summary
The London-based startup is using NFC and zero-knowledge proof technology to verify passport identities, without revealing any personal information. This helps in reducing identity fraud, as often this information is not securely stored or easily obtained via data hacks. Dusk Network quickly stood out as a partner aligning with this vision, because they are using blockchain technology to aid specific & tangible real-world problems. Receiving an investment was the natural way to form this partnership, align interest, and get mentorship access to Emanuele Francioni and their world-class team of ZK & privacy researchers - technologies Outdid uses. - says Zvezdin Besarabov, co-founder of Outdid.The investment was announced during an exclusive Dusk networking dinner, with over 50 game-changers from traditional financial institutions, the banking industry, media, and influencers.