© Reuters.
ATLANTA – Belief Stamp (NASDAQ:IDAI), an id verification firm, has been granted a patent for its AI-powered hashing expertise designed to remodel biometric and different id knowledge right into a safe id token. The U.S. Patent and Trademark Workplace issued the notification for utility patent #11,936,790, with the patent set to be formally issued on March 19, 2024.
The expertise behind the patent entails methods and strategies for enhanced hash transforms, that are essential for safeguarding purchasers in opposition to more and more refined safety threats. Belief Stamp’s CEO, Gareth N. Genner, emphasised the significance of advancing AI-powered defensive applied sciences to safeguard in opposition to recognized assault vectors.
This growth provides to Belief Stamp’s rising mental property portfolio, which now contains 19 issued patents and an extra 14 provisional and pending patents. These achievements underscore the corporate’s dedication to analysis and growth, in addition to the innovation staff’s high quality and dedication.
Belief Stamp, based in 2016 by Gareth Genner and Andrew Gowasack, is called the Privateness-First Id CompanyTM and operates globally, providing AI-powered id companies throughout numerous sectors.
These sectors embrace banking, finance, regulatory compliance, authorities companies, actual property, communications, and humanitarian companies. The corporate’s superior biometric id options purpose to cut back fraud, defend private knowledge privateness, enhance operational effectivity, and develop person attain worldwide via its distinctive knowledge transformation and comparability capabilities.
The corporate’s shares are traded on the Nasdaq Capital Market beneath the ticker IDAI. Belief Stamp’s headquarters are situated in Atlanta, with a presence throughout North America, Europe, Asia, and Africa.
This announcement is predicated on a press launch assertion and contains forward-looking statements topic to dangers and uncertainties. Belief Stamp has not supplied steering on the potential affect of the brand new patent on its monetary efficiency or market place.
This text was generated with the help of AI and reviewed by an editor. For extra info see our T&C.
