Gemalto and R3 Pilot Blockchain Technology to Put Users in Control of Their Digital ID
Summary
The new Gemalto Trust ID Network enables users to give digital service providers fully verified and secured answers to these simple yet critical questions.This innovative distributed approach to Digital ID management enables service providers to leverage ubiquitous identities certified by trusted parties whilst putting users firmly in control of their data.“Empowering customers to manage and control their own digital identity based on blockchain technology is nothing short of revolutionary and we’re very pleased to be collaborating with Gemalto on the Trust ID Network,” said David E. Rutter, CEO of R3.“Trust ID Network solves the profound weaknesses of traditional, ‘siloed’ identity frameworks: the clumsy user experience, rising costs and difficulties in complying with stricter regulations.We authenticate people, transactions and objects, encrypt data and create value for software – enabling our clients to deliver secure digital services for billions of individuals and things.