IDAI - Trust Stamp receives additional patent notice for AI-Powered biometric authentication technology

2023-05-23 09:16:47 ET

• Trust Stamp ( NASDAQ: IDAI ) said it had received a Notice of Allowance for an additional patent from the United States Patent and Trademark Office.
• The patent expands the protection for the company's AI-powered, tokenized-identity products and focuses on biometric hashing technology for subject identity verification.
• The technology generates anonymized vector representations of biometrics using neural network processing and pseudorandom matrix multiplication.
• These "lossy" representations enhance security by excluding some information from the original biometric data.
• Trust Stamp has integrated this technology into its Irreversibly Transformed Identity Token (IT2) solution, which replaces the storage and use of biometric templates.
• The IT2 ensures privacy by generating irreversible identity tokens that cannot be reversed to recover the original data.
• Trust Stamp holds a strong intellectual property position with over 30 patents issued, allowed, or pending.
• Press Release

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