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ATLANTA – Trust Stamp (NASDAQ:IDAI), an identity verification company, has been granted a patent for its AI-powered hashing technology designed to transform biometric and other identity data into a secure identity token. The United States Patent and Trademark Office has issued Utility Patent Notification No. 11,936,790, whose official release is scheduled for March 19, 2024.
The technology behind the patent involves systems and methods for advanced hash transformations, which are critical to protecting customers from increasingly sophisticated security threats. Trust Stamp CEO Gareth N. Genner highlighted the importance of advancing AI-based defensive technologies to protect against identified attack vectors.
This development adds to Trust Stamp’s growing intellectual property portfolio, which now includes 19 issued patents and an additional 14 provisional and pending patents. These results highlight the company’s commitment to research and development, as well as the quality and dedication of the innovation team.
Trust Stamp, founded in 2016 by Gareth Genner and Andrew Gowasack, is known as Privacy-First Identity CompanyTM and operates globally, offering AI-powered identity services across various industries.
These industries include banking, finance, regulatory compliance, government services, real estate, communications and humanitarian services. The company’s advanced biometric identity solutions aim to reduce fraud, protect personal data privacy, increase operational efficiency, and expand user reach worldwide through its unique data transformation and comparison capabilities.
The company’s shares are traded on the Nasdaq capital market under the ticker IDAI. Trust Stamp is headquartered in Atlanta, with a presence in North America, Europe, Asia and Africa.
This announcement is based on a press release and includes forward-looking statements that are subject to risks and uncertainties. Trust Stamp provided no guidance on the potential impact of the new patent on its financial performance or market position.
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