Trinsic Launches First Identity Acceptance Network

Salt Lake City, UT / ACCESSWIRE / May 21, 2024 / Trinsic, a pioneering digital identity startup, has unveiled the world's first identity acceptance network in collaboration with several top-tier identity providers. This new offering allows businesses to verify 60,800,000 individuals ten times faster compared to traditional methods, thereby reducing fraud.

As deepfakes and AI-generated media become more prevalent, the need for efficient identity verification is increasing. Traditional verification methods using photographic ID cards often result in a 40% drop-off rate. Trinsic's solution enables users with digital IDs to verify their identities in less than ten seconds, improving the process significantly.

Identity acceptance leverages reusable identity wallets such as state-issued mobile driver's licenses, eIDAS-compliant eIDs in Europe, and BankIDs. Innovators like CLEAR, IDVerse, Yoti, Airside, and Dentity provide reusable digital IDs available through Trinsic's network.

With over 100 digital ID networks operating globally, complexity and fragmentation are major challenges. Trinsic’s solution allows businesses to accept pre-verified, KYC-grade identities seamlessly from numerous identity networks worldwide through a single integration.

Trinsic emphasizes privacy, data protection, interoperability, and user control. New identities within the network are end-to-end encrypted and stored as standardized, W3C Verifiable Credentials. For more information, visit trinsic.id.