Identity.com has announced the launch of its mobile app, available on the Apple App Store and Google Play Store, offering a secure and user-friendly solution for managing digital identities using verifiable credentials.
Features of Identity.com App
The new app by Identity.com provides users a secure platform for storing and sharing verifiable credentials. Individuals can add trusted credentials such as government-issued IDs to validate their identity while maintaining full control over their data. For businesses, the app streamlines identity verification, reducing compliance risks and simplifying data management by eliminating the need to collect and store excessive personal information.
Use Cases
The app can be useful in various scenarios: - **Age-gated services**: Confirm a user's age for alcohol sales, online gambling platforms, or other restricted products without accessing unnecessary details like the full birthdate or address. - **Uniqueness verification**: Prevent fraud or duplicate accounts by validating a user's genuine presence online, essential for high-demand ticketing services or ensuring unique user access. - **Streamlined onboarding**: Simplify Know Your Customer (KYC) processes for platforms requiring identity verification, such as financial services or ridesharing apps.
Significance and Outlook
The demand for secure identity solutions continues to grow. In March 2024 alone, over 299 million records were compromised in data breaches, representing a 613% increase from the previous year. By ensuring that credentials are securely stored on users’ devices, the app gives individuals full control over their privacy while helping businesses avoid the risks associated with centralized storage.
Identity.com offers a simple and secure solution for digital identity management, allowing users to maintain control over their data and businesses to reduce risks and streamline verification processes.
