ShareRing licensed within the UK as a trusted digital identification providers supplier

Melbourne, Australia, November 1st, 2023, Chainwire

ShareRing, a real self-sovereign digital identification blockchain Australian firm, proudly broadcasts its achievement as one of many first within the trade to be accredited below the “Digital Identities and Attributes Belief Framework” (DIATF) in the UK. This accomplishment marks a major development in ShareRing’s expertise and reaffirms the corporate’s dedication to reusable digital identification authentication in a safe and personal surroundings.

By securing the accreditation, ShareRing can now provide its digital identification answer for digital ID authentication, with the addition of ID verification for land registry functions within the UK.

ShareRing’s digital identification expertise provides companies an end-to-end answer to show their prospects’ identities throughout many alternative industries, whether or not it’s for monetary KYC and buyer due diligence (CDD), age and ID verification, venue and visitor administration, or company identification administration. Companies would handle their digital identification wants by means of a web-based platform, while their prospects create and management their reusable digital ID by means of the Identifi Me app, the place they’ve full sovereignty over their private info.

The DIATF is overseen by UK authorities authorities and is a complete framework for establishing trusted and safe digital identification ecosystems. It defines strong requirements, rules, and necessities that accredited firms, like ShareRing, should meet to ensure the integrity, privateness, and reliability of person information, whereas minimizing the chance of identification fraud and cyber threats.

“Digital identities are pivotal to eradicating friction from our on a regular basis lives, and drastically enhance operational effectivity throughout all companies,” mentioned Tim Bos, Founding father of ShareRing. “The UK leads the way in which in digital ID regulation, and with the accreditation, ShareRing can confidently associate with private and non-private sectors in Australia and the UK.”

ShareRing’s self-sovereign identification answer is constructed with blockchain expertise (Tendermint PoS and Cosmos SDK) and establishes a tamper-proof ecosystem for companies and people. Not like conventional identification techniques weak to breaches and fraud, ShareRing’s answer ensures that non-public information is verified and stays below the person’s management, solely shared with third events when vital and with express consent.

Over the previous yr, ShareRing has partnered with a number of non-public sector companies in Australia and abroad, changing standard KYC and buyer authentication processes with reusable digital identities. ShareRing will proceed to ascertain partnerships with Australian and UK funding funds, nightlife and F&B venues, and inns, to assist safeguard these companies from identification fraud while bettering operational processes and reducing prices.

To be taught extra about ShareRing and its digital identification answer, please go to https://sharering.community/weblog/sharering-achieves-accreditation-under-the-uk-digital-identities-and-attributes-trust-framework-diatf

About ShareRing (AUS)

ShareRing, based in 2019, is a blockchain expertise firm within the digital identification trade. Our mission is to take away friction from standard enterprise operations and particular person person digital experiences, by means of the usage of verified digital IDs. By creating actually self-sovereign environments, our answer considerably reduces enterprise dangers related to cyber threats and protects people in opposition to the misuse of their private info. ShareRing is accredited below the UK’s digital identification belief framework to supply digital ID providers.

For extra info please go to ShareRing’s:

Contact

VP of Advertising
Jonathon Liu
ShareRing
[email protected]