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.
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.”
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.