Hashgraph Group Launches ‘IDTrust’ SSI Platform
The post Hashgraph Group Launches ‘IDTrust’ SSI Platform appeared on BitcoinEthereumNews.com. The Hashgraph Group (THG) has launched a self-sovereign identity (SSI) platform called “IDTrust” to provide a blockchain-based digital identity solution for individuals and institutions. In an announcement sent exclusively to Cointelegraph, THG said the IDTrust platform is built on the Hedera network and will be powered by artificial intelligence. An SSI platform allows users to issue, manage and verify credentials securely without the need for centralized authorities. The launch comes as governments and enterprises accelerate digital identity programs, including the Swiss e-ID initiative and the European Union’s eIDAS 2.0 regulation. In addition, blockchain-based identity initiatives have also rolled out in Southeast Asia. On Friday, Vietnam launched a national blockchain platform that will be used to power a decentralized identity solution. Personal data control gives IDTrust an edge over competitors THG co-founder and CEO Stefan Deiss told Cointelegraph that the IDTrust platform uses the Hedera Consensus Service (HCS) stateless proof mechanism, claiming it has a distinct advantage over other blockchain-based solutions. “Where Polygon and Ethereum have to carry the full history of interactions, IDTrust does not cause the Hedera network to grow and does not put any additional burden on the validators,” Deiss said. He added that IDTrust identity is disconnected from the Hedera network and that users are not required to hold the Heders (HBAR) token or use the same key scheme as those in the Hedera network. “This kind of flexibility is not available in other solutions,” Deiss claimed. He added that IDTrust stands out in the crowded SSI market by offering a complete decentralized digital identity management solution for enterprises and governments. This includes not just authentication but also authorization capabilities. “This sets it apart from solutions like Polygon ID or Worldcoin, which focus primarily on proving identity or uniqueness,” Deiss told Cointelegraph. “Compared to Microsoft Entra, IDTrust…
The post Hashgraph Group Launches ‘IDTrust’ SSI Platform appeared on BitcoinEthereumNews.com.
The Hashgraph Group (THG) has launched a self-sovereign identity (SSI) platform called “IDTrust” to provide a blockchain-based digital identity solution for individuals and institutions. In an announcement sent exclusively to Cointelegraph, THG said the IDTrust platform is built on the Hedera network and will be powered by artificial intelligence. An SSI platform allows users to issue, manage and verify credentials securely without the need for centralized authorities. The launch comes as governments and enterprises accelerate digital identity programs, including the Swiss e-ID initiative and the European Union’s eIDAS 2.0 regulation. In addition, blockchain-based identity initiatives have also rolled out in Southeast Asia. On Friday, Vietnam launched a national blockchain platform that will be used to power a decentralized identity solution. Personal data control gives IDTrust an edge over competitors THG co-founder and CEO Stefan Deiss told Cointelegraph that the IDTrust platform uses the Hedera Consensus Service (HCS) stateless proof mechanism, claiming it has a distinct advantage over other blockchain-based solutions. “Where Polygon and Ethereum have to carry the full history of interactions, IDTrust does not cause the Hedera network to grow and does not put any additional burden on the validators,” Deiss said. He added that IDTrust identity is disconnected from the Hedera network and that users are not required to hold the Heders (HBAR) token or use the same key scheme as those in the Hedera network. “This kind of flexibility is not available in other solutions,” Deiss claimed. He added that IDTrust stands out in the crowded SSI market by offering a complete decentralized digital identity management solution for enterprises and governments. This includes not just authentication but also authorization capabilities. “This sets it apart from solutions like Polygon ID or Worldcoin, which focus primarily on proving identity or uniqueness,” Deiss told Cointelegraph. “Compared to Microsoft Entra, IDTrust…
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