Hashgraph Group (THG) announced the launch of the IDTrust platform – a new solution for self-sovereign identity (SSI) built on the Hedera network. This platform, which utilizes Hashgraph technology and artificial intelligence, allows users to control their digital data without centralized intermediaries. IDTrust aims to compete with Worldcoin and Microsoft Entra by offering a higher level of privacy and flexibility. Unlike competitors that focus solely on identity verification, IDTrust provides comprehensive management of digital identifiers for individuals, businesses, and governments.
The platform uses Hedera Consensus Service (HCS), which provides high speed and low network load, unlike Ethereum or Polygon, where the full transaction history is stored. Thanks to the decentralized IDTrust model, it is compatible with initiatives such as the Swiss e-ID and EU eIDAS 2.0. THG CEO Stefan Deiss emphasized that the solution does not require holding the HBAR token, which enhances its accessibility.
This innovation could change the approach to digital identification, especially in the context of growing demand for secure and private technologies. Stay tuned for crypto industry news and join #MiningUpdates for current updates!
#CryptoNews #Hashgraph #IDTrust #Blockchain #hedera #CryptoInnovation #MiningUpdates