#CryptoTariffDrop
Alongside it comes the Veridian Wallet, a tool designed to keep personal info secure and let users prove who they are online without the usual hassles of sharing sensitive data.
This launch comes at a time when proving one’s identity online is more important and riskier than ever. Whether it’s for healthcare, banking, shipping, or school records, current systems often leave data exposed, and with smart devices and AI popping up everywhere, those flaws are getting tougher to fix, the Foundation said.
“From healthcare and financial services to supply chains and academics, identity verification serves as the cornerstone of trust,” Thomas A. Mayfield, head of Decentralized Trust and Identity Solutions at Cardano Foundation, wrote in the release. “Despite this, existing solutions often fail to provide adequate security and credential control, resulting in frequent data breaches. Last year alone, 1.7 billion records were compromised in the United States.”