Gemalto to Launch Digital ID Platform Based on R3’s Corda Blockchain Platform

Gemalto to Launch Digital ID Platform Based on R3’s Corda Blockchain Platform

Dutch digital security company Gemalto announced on Tuesday the launch of the Gemalto Trust ID Network – a data sharing platform that allows users to easily prove their identity when accessing digital services related to online banking, eCommerce, or eGovernment. The new platform uses Corda, a blockchain platform developed by New York-based R3.

R3 CEO David E. Rutter commented:

“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.” “The Corda platform’s unique privacy features offer the ideal basis for a secure, easy-to-deploy decentralized ID management platform,” he added.

Thanks to the Gemalto Trust ID Network, users will build their own “Self-Sovereign” Digital ID, which will help them manage identity data to open the door to a variety of digital services without the need to pass through repeated verification processes.

The network involves an ID Wallet in the form of a mobile application. Customers can use the wallet to add personal data to their digital ID and confirm whether they want it to be shared with the selected digital service providers. The high security degree of blockchain technology enables users to have total control over their data.

Even though the Trust ID Network addresses individual users, the digital services providers are also key beneficiaries. For example, banks and financial institutions, which are required by law to adopt KYC procedures, might be interested in promoting a self-sovereign digital ID system. Besides, public services, airlines, and mobile operators should also be interested in the development of an ecosystem that encourages the transparent and secure management of ID data.

Bertrand Knopf, executive vice president of Gemalto’s Banking & Payment unit, explained:

“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. It’s the perfect illustration of Gemalto’s ability to combine proven Digital Identity solutions and new technologies such as the blockchain.”

Gemalto invited stakeholders to take part in of the Trust ID Network trials that will start by the end of this year. 

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