Trust Stamp announces the allowance of a new patent taking its portfolio of AI-powered patents into data protection applications
Trust Stamp has received a notice of allowance from the US Patent and Trademark Office for a new patent for an AI-powered personal identifiable information encoder
Atlanta, GA, May 02, 2024 (GLOBE NEWSWIRE) -- Trust Stamp (Nasdaq: IDAI) announced that the company has received from USPTO an allowance notification for utility patent #17/719,975 entitled, “Personal Identifiable Information Encoder”.
Gareth N. Genner, Trust Stamp’s CEO commented, “With 20 allowed and issued patents, and another 13 patents provisional or pending, Trust Stamp has built a substantial intellectual property portfolio. Although many of our patents started out focused on providing privacy-first identity solutions derived from biometric data, they have a wide range of potential use cases reflected by our recent partnering agreements in diverse market segments. This patent addresses the universal need to ensure security against cyber-attacks as well as providing optimized privacy protection by only storing and sharing tokenized personal data. We believe that this patent has particular significance in the context of privacy legislation such as GDPR and data localization and we will be announcing specific implementations to that end.”
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Gareth N. Genner, CEO
About Trust Stamp
the Privacy-First Identity CompanyTM, is a global provider of AI-powered identity services for use in multiple sectors, including banking and finance, regulatory compliance, government, real estate, communications, and humanitarian services. Its technology empowers organizations with advanced biometric identity solutions that reduce fraud, protect personal data privacy, increase operational efficiency, and reach a broader base of users worldwide through its unique data transformation and comparison capabilities.
Located across North America, Europe, Asia, and Africa, Trust Stamp trades on the Nasdaq Capital Market (Nasdaq: IDAI). The company was founded in 2016 by Gareth Genner and Andrew Gowasack.
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