As all economic and social activity is shifting to the digital world, it becomes obvious that current identity practices are not sustainable. People are required to register on numerous online platforms and portals, and trust various parties to store their personal data, hoping that their privacy will not be compromised.

At the same time, organizations have to work hard to prove their consumers’ identity and ensure that each particular transaction can be trusted.

With our TrustGrid™ ecosystem, we are working to solve these challenges.

Trusted Digital Identity

Digital public services require reliable identity proofing services that are trusted by the general public. The ability for organisations and citizens to carry out transactions through the digital medium in a safe and verifiable way is crucial for the development of a thriving digital economy.

Identity is the combination of all attributes and properties that describe a human being in a unique way. We truly believe that these attributes should be controlled by their owners — citizens.

Our TrustGrid ecosystem, powered by distributed-ledger technology, stores identity data in decentralised, trusted, and immutable ledgers, while providing people with full control of their personal data.

Digital Identity Principles:

  • Accuracy
  • Right to Access
  • Sovereignty
  • Openness
  • Pseudonymity
  • Portability
  • Consent
  • Privacy by Design
  • Security
  • Right to be forgotten

We follow GDPR regulations and Australian Privacy Principles to ensure that people can fully exercise their privacy rights and can be in complete control of how their data is used.

Preventing Identity Fraud

We all have a number of digital personas created on various services and networks, including government services, financial institutions, and social media. Identity fraud thrives in the modern world, and criminals these days are very skilled in taking advantage of the lack of the verified digital identity services.

Among some of the emerging trends are synthetic identity fraud (when fraudulent identities are created for persons which do not even exist), and child identity fraud (where minors’ data is being used to conduct financial transactions and apply for bank loans).

Distrbuted Ledger Technology

All transactions on TrustGrid are distributed, validated, and witnessed by vetted parties across the TrustGrid™ network. Distributed consensus ledgers facilitate business rules based on smart contracts, removing intermediaries and radically increasing transaction speed.

This technology enables a new trust-based economy which was not feasible in the past.

It is a remarkable paradigm shift from centralised trust agents to individuals.

Ledger-based identity provides protection against identity theft.

Using TrustGrid verified identity services, citizens are able to control their personal data, and choose which data to share as they interact with public and private sector institutions.

As the validated identity data passes through the TrusGrid ecosystem, businesses can verify where the data came from, and establish a trust relationship with the individual in real time.

Identity-Based Digital Services

As identity data is added to the TrustGrid, it can be used anywhere, from government public services to the fintech industry. ​​​​​​ The network connects both public and private sector institutions, and verified digital identities can be used as the foundation of innovative identity-based services.

Verified Identity Transactions

TrustGrid provides digital identity verification services where commercial institutions can verify the identity data and corresponding transactions.

Based on user consent, we verify the identity data across multiple sources, and further enrich the data by adding our cyber security intelligence data to the mix. Each of the transactions is assigned a risk score in case indicators of identity theft or malicious activities are detected.

A user-owned identity becomes the new reality.

Right now, government agencies are investing in distributed ledger technology to make identity management more secure and efficient.

Reach out to us to arrange a Proof of Value and get connected to the TrustGrid Digital Identity network.

Validate If It Works for You In 3 Simple Steps:

All transactions on TrustGrid are distributed, validated, and witnessed by vetted parties across the TrustGrid™ network. Distributed consensus ledgers facilitate business rules based on smart contracts, removing intermediaries and radically increasing transaction speed.

This technology enables a new trust-based economy which was not feasible in the past.

It is a remarkable paradigm shift from centralised trust agents to individuals.

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GRACosway Pty Ltd
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