(via TheNewswire)
Mobile app offers a privacy-preserving way to verify customer identity while reducing potential fraud.
This downloadable digital wallet enables consumers to use verifiable digital identity credentials anchored in blockchain technology that are resistant to fraud, highly secure, and privacy preserving.
The Liquid Avatar Wallet unlocks a new way of issuing, sharing, and verifying information,providingimmediatebenefits tobusinesses and organizations.Businesses of all sizescan now interact with customers in a way that provides the highest level of assurance that the information shared is valid, while also preserving privacy and preventing fraud. Use of the Liquid Avatar Wallet can mean that:
- Identity and health verification can support social responsibility and the return to everyday activities.
- Credit card fraud, whichisan estimated
$28 Billion dollarissue worldwide, can be mitigated significantly when purchases, both online and offline, are tied to an easy-to-verifyproof of identity
- Purchases that require proof of age can be authoritatively verified—and in a waywhere date of birth can be confirmed without disclosing personally identifiable information.
- Travel, which under pandemic restrictions involves multiple documents and in-person verification, can be streamlined into a simple one-scan verification.
- Passwords are no longer needed. All the old, cumbersome, and insecure ways of proving identity are unnecessary. Once a credential is issued by a trusted entity, it can be verified through a distributed blockchain network.
“One of the key benefits of the LAVCE and the Liquid Avatar Wallet that I feel very strongly about is that it increases value for all parties,” said
Liquid Avatar’s Wallet and credential ecosystemwas built with technical assistance from Indico.tech, a global leader in decentralized Trusted Data Ecosystem development, and with thesame data privacy principles and technical standards as the Province of Ontario’s plan for Digital Identityandfollowinga similar roadmap. This means that the Liquid Avatar Wallet willbe interoperablewith other identity credentials builtusingthe sameguidelines. The Company as a member of the
“The ingenious thing about this technology is that it is custom built for a world where there are exemptions to everything,”said Lucatch“We can automate and rapidly update the most complex government or commercial requirements without placing any burden on the user. These arethe keys to the future—flexibility and simplicity.We are hopeful that the chaos of Covid willeventuallydissipate, but we aremovingto aworld where a user’s data privacy and consent is part of everyday life. This technology delivers simple, flexible solutionson all fronts.”
To encourage future adoption,
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For more information, or to book a demonstration of the technology and how the LAVCE can assist your organization to support your reopening, health care objectives and other digital identity and verifiable credentials initiatives, please contact
If you would like to join our mailing list and receive updates from the Company, pleaseclick here
About
The Liquid Avatar Mobile App, available in the
The Liquid Avatar Verifiable Credentials Ecosystem (LAVCE) has been developed to support all participants in a digital credential ecosystem, including the Holder, Issuer and Verifier, using state-of-the-art blockchain and open standards technologies initially as a node on the Indicio Network. The Company is a voting and steering committee member of the Trust over
The Company has a suite of early-stage revenue generating programs that support the Liquid Avatar Mobile App program, including KABN KASH, a cash back and reward program that has over 500 leading online merchants. In
The Company’s subsidiary,
The Company also trades in
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Chief Executive Officer
647-725-7742 Ext. 701
ir@liquidavatar.com
US and Canadian Media Contact:
nicole@nrprgroup.com
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Forward-Looking Information and Statements
This press release contains certain “forward-looking information” within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the Company’s beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company’s control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases ormay contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “will continue”, “will occur” or “will be achieved”.
By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance, or achievements of the Company to be materially different from those expressed or implied by such information and statements. In addition, in connection with the forward-looking information and forward-looking statements contained in this press release, the Company has made certain assumptions.
Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws.
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