Title: ShareRing Certified as Trusted Digital Identity Services Provider in the UK
ShareRing, an Australian blockchain company specializing in self-sovereign digital identity, has recently achieved certification under the “Digital Identities and Attributes Trust Framework” (DIATF) in the United Kingdom. This recognition positions ShareRing as a trusted provider of digital identity services in the UK, reinforcing its commitment to secure and private digital identity authentication.
Accreditation and Services
ShareRing’s accreditation under the DIATF allows the company to offer its digital identity solution for digital ID authentication, including ID verification for land registry purposes in the UK. By leveraging its blockchain technology, ShareRing provides businesses with an end-to-end solution to authenticate their customers’ identities across various industries. These industries include financial services, age and ID verification, venue and guest management, and corporate identity management.
ShareRing’s web-based platform enables businesses to manage their digital identity needs while customers can create and control their reusable digital ID through the Identifi Me app. This approach ensures individuals have complete sovereignty over their personal information while also protecting it from breaches and fraud.
Digital Identity Trust Framework
The DIATF, overseen by UK government authorities, serves as a comprehensive framework for establishing trusted and secure digital identity ecosystems. Accredited companies, such as ShareRing, must meet rigorous standards, principles, and requirements to ensure the integrity, privacy, and reliability of user data. The DIATF minimizes the risk of identity fraud and cyber threats, guaranteeing the protection of personal information.
Advantages of ShareRing’s Solution
According to Tim Bos, the Founder of ShareRing, digital identities play a pivotal role in improving operational efficiency and reducing friction in everyday lives. ShareRing’s solution not only adheres to the UK’s leading digital ID regulation but also allows the company to confidently partner with public and private sectors in Australia and the UK.
The utilization of blockchain technology, specifically Tendermint Proof-of-Stake (PoS) and Cosmos SDK, establishes a tamper-proof ecosystem, ensuring business and individual data remains secure. Traditional identity systems are prone to breaches and fraud, while ShareRing’s solution verifies data and gives users control, only sharing it with third parties when necessary and explicitly authorized.
Partnerships and Future Outlook
Over the past year, ShareRing has successfully partnered with numerous private sector businesses, replacing conventional KYC and customer authentication processes with reusable digital identities. Such partnerships have been instrumental in enhancing operational processes, reducing costs, and safeguarding businesses from identity fraud.
ShareRing aims to establish further collaborations with Australian and UK investment funds, venues in the nightlife and F&B sectors, and hotels to extend the benefits of their digital identity solution. By combatting identity fraud and improving operational efficiency, ShareRing is at the forefront of revolutionizing digital identity systems.
ShareRing’s certification under the UK’s Digital Identities and Attributes Trust Framework underscores its commitment to providing secure and reliable digital identity services. With its self-sovereign identity solution and use of blockchain technology, ShareRing is empowering individuals and businesses to authenticate identities while maintaining control over personal data. As the company continues to forge partnerships and expand its presence globally, ShareRing’s digital identity solution has the potential to transform industries and enhance security in the digital landscape.
For more information on ShareRing and its digital identity solution, please visit:
About ShareRing (AUS)
ShareRing, established in 2019, is an Australian blockchain technology company specializing in the digital identity industry. The company aims to eliminate friction in traditional business operations and improve user digital experiences by utilizing verified digital IDs. ShareRing is accredited under the UK’s digital identity trust framework to offer digital ID services.
For further media inquiries, please contact Jonathon Liu, VP of Marketing at ShareRing: [email protected]