DENVER, CO (February 26, 2018) — CULedger, builder of innovative blockchain-based products for credit unions and their members, teamed up with Evernym to launch MyCUID, a new consumer-focused digital identity solution. With MyCUID, credit union members can confidently protect themselves from financial fraud and identity theft, while enriching the trusted relationships members have with their credit unions.
“We created MyCUID as a global digital identifier that permits our members to securely interact with their credit union,” said CULedger President and CEO John Ainsworth. “By giving individuals control over their personal identifiable information, MyCUID will create a truly secure and privacy-preserving flow of information to promote balance, fairness, diversity and competition in the digital economy.”
Salt Lake City and New York City, Jan. 29, 2018 — Self-sovereign identity technology leader Evernym and enterprise software firm R3 concluded a study to determine the interoperability of R3’s Corda platform with Sovrin, the only distributed ledger purpose-built for self-sovereign identity.
Originally developed by Evernym and later turned over to the international non-profit Sovrin Foundation. Evernym’s proprietary distributed identity solutions are built upon the Sovrin network.
As part of the joint initiative, four R3 member banks tested the ability of Evernym’s technology to add self-sovereign identity to the Corda platform. Such self-sovereign identity is only achievable on cryptographically protected, distributed ledgers.
Helsinki, Finland, Aug. 31, 2017 (GLOBE NEWSWIRE) — Blockchain technology innovation leaders IOTA and Evernym announced a new collaboration dedicated to jointly developing Internet of Things-enabling solutions focused on increasing trust by providing secure, irrevocable identity to all connected devices.
The announcement was made during a joint presentation at the MyData2017 conference in Helsinki.
“Evernym and IOTA are both intensively working toward achieving the same goal,” said IOTA founder David Sønstebø. “That is, a world where distributed ledgers facilitate the secure and efficient exchange of resources and data between all connected entities. This is a natural pairing and the world should pay attention to the exciting products that result from it.”
London, Oct. 03, 2017 (GLOBE NEWSWIRE) — Leading blockchain and Web 3.0 venture capital firm Outlier Ventures becomes an investor in, and strategic partner of, Evernym the foremost developer of self sovereign identity technologies and inventor of Sovrin, the global public utility for decentralised exchange of verifiable claims. Sovrin’s utility token distribution event is slated for mid-2018.
Using the unique properties of Sovrin, Evernym builds applications that finally enable people, businesses and connected devices to securely control their own identity data, choosing when, with whom and how much they wish to reveal in any given exchange. This technology forms the basis of applications Evernym is building for a number of partners including the US Department of Homeland Security, the UK’s healthcare system and a number of leading global financial institutions.
August 31, 2017 (Chicago/Salt Lake City) — Today the Illinois Blockchain Initiative announced its partnership with self-sovereign identity solutions leader Evernym, leveraging distributed ledger technology to provide secure digital identity solutions. The concept will augment work from the W3C’s Verifiable Claims Task Force and use the Sovrin Foundation’s distributed identity ledger to create a secure, “self-sovereign” identity for Illinois citizens during the birth registration process.
A formal announcement will be made on Sept. 1 by Evernym’s Chief Trust Officer Drummond Reed at the MyData2017 Conference in Helsinki, Finland.
Self-sovereign identity refers to a digital identity that remains entirely under the individual’s control. A self-sovereign identity can be efficiently and securely validated by entities who require it, free from reliance on a centralized repository.