Melbourne, Australia, November 1st, 2023, Chainwire

ShareRing, a real self-sovereign electronic identification blockchain Australian corporate, proudly publicizes its success as some of the first within the business to be authorized beneath the “Virtual Identities and Attributes Agree with Framework” (DIATF) in the UK. This accomplishment marks a vital development in ShareRing’s generation and reaffirms the corporate’s dedication to reusable electronic identification authentication in a safe and personal surroundings.

Through securing the accreditation, ShareRing can now be offering its electronic identification answer for electronic ID authentication, with the addition of ID verification for land registry functions in the United Kingdom.

ShareRing’s electronic identification generation offers companies an end-to-end method to turn out their consumers’ identities throughout many various industries, whether or not it’s for monetary KYC and buyer due diligence (CDD), age and ID verification, venue and visitor control, or company identification control. Companies would set up their electronic identification wishes via a web-based platform, while their consumers create and keep an eye on their reusable electronic ID throughout the Identifi Me app, the place they have got whole sovereignty over their non-public knowledge.

The DIATF is overseen through UK executive government and is a complete framework for setting up depended on and safe electronic identification ecosystems. It defines powerful requirements, rules, and necessities that authorized firms, like ShareRing, will have to meet to ensure the integrity, privateness, and reliability of person information, whilst minimizing the chance of identification fraud and cyber threats.

“Virtual identities are pivotal to disposing of friction from our on a regular basis lives, and tremendously give a boost to operational potency throughout all companies,” mentioned Tim Bos, Founding father of ShareRing. “The United Kingdom leads the way in which in electronic ID legislation, and with the accreditation, ShareRing can with a bit of luck spouse with private and non-private sectors in Australia and the United Kingdom.”

ShareRing’s self-sovereign identification answer is constructed with blockchain generation (Tendermint PoS and Cosmos SDK) and establishes a tamper-proof ecosystem for companies and people. Not like conventional identification methods susceptible to breaches and fraud, ShareRing’s answer guarantees that non-public information is verified and stays beneath the person’s keep an eye on, simplest shared with 3rd events when important and with specific consent. During the last 12 months, ShareRing has partnered with more than one non-public sector companies in Australia and out of the country, changing typical KYC and buyer authentication processes with reusable electronic identities. ShareRing will proceed to ascertain partnerships with Australian and UK funding finances, nightlife and F&B venues, and inns, to lend a hand safeguard those companies from identification fraud while bettering operational processes and decreasing prices. 

To be told extra about ShareRing and its electronic identification answer, please discuss with 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 generation corporate within the electronic identification business. Our venture is to take away friction from typical industry operations and person person electronic studies, via the usage of verified electronic IDs. Through growing in reality self-sovereign environments, our answer considerably reduces industry dangers related to cyber threats and protects people towards the misuse in their non-public knowledge. ShareRing is authorized beneath the United Kingdom’s electronic identification believe framework to offer electronic ID products and services.

For more info please discuss with ShareRing’s: Reputable Website online | Twitter | Discord

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VP of Advertising and marketing
Jonathon Liu
ShareRing
[email protected]