Fobi AI Inc. announced the release of their new digital identification (‘ID') solution, AltID, which plugs into the recently released Fobi PassPro enhanced wallet pass platform. AltID will enable organizations to move from paper and plastic-based analog credential systems to digitally validated credentials for users at businesses, schools, venues, and across regulated industries. AltID is a digital ID verification solution that bolts on to PassPro to make credential verification more secure, and which enables segmented customer engagement.

For example, age-specific promotions (such as for alcohol or gaming) can be pushed out safely to only those people who are verified as authorized to receive them. AltID makes sure that only verified people get the right promotions which increases sponsorship revenue and reduces liability issues. Fobi's AI verifies only the credentials businesses need access to.

Once verified, Fobi sends each user their approved Wallet pass, all without storing unnecessary personally identifiable information (PII) data as AltID is digitally signed and secured on the Hedera Hashgraph ledger. For example, AltID's AI age verification enables venues to control access to age-restricted areas and segment sponsorships and promotions only using the verified age credentials, and no other data is revealed. Fobi ensures that only the information businesses need to know is verified and used to approve wallet pass distribution, lowering the cybersecurity risk.

Traditional ID verification processes lead companies to store significantly more PII than necessary. Additionally, the biometric and password-protected mobile wallets mitigate fraud. The potential uses span across any PassPro solution such as Loyalty or Fan Pass and across any industry such as Employee Management, Education, Sports & Entertainment, and Retail.

AltID also supports regulated markets such as tobacco, liquor, cannabis, and lotteries that struggle to meet government mandates to ensure proper age verification of their customers. Fobi's recent announcement with Barnet Technologies to jointly promote age verification and employee management for companies in North America will utilize the AltID solution. AltID is an eco-friendly solution that reduces businesses' carbon footprint.

The solution enables organizations to securely replace traditional member or employee plastic cards or fobs with Fobi's app-less Wallet pass technology that users can easily perform contactless check-ins with using their mobile phones. The switch to AltID offers significant value for organizations in the growing movement towards replacing analog paper or plastic-based IDs with digitized and automated solutions that help organizations make better data-driven decisions, reduce their carbon footprint and improve the customer experience.