Gemalto, R3 Pilot Blockchain Technology to put users in control of digital ID

Who are you, and can you prove it? The new Gemalto Trust ID Network enables users to give digital service providers fully verified and secured answers to these simple yet critical questions. By creating and managing their own +IBg-Self-Sovereign+IBk- Digital ID, users can enroll with a host of different digital banking, eCommerce and e-Government services, without having to go through repeated due diligence processes for each of them. This innovative distributed approach to Digital ID management enables service providers to leverage ubiquitous identities certified by trusted parties whilst putting users firmly in control of their data.
Verified Digital IDs managed via a convenient mobile app Blockchain technology is ideal for supporting digital transactions that are based on trusted and verified identities, without exposing sensitive data to the threat of hacking and cyber-attack. With, user control is facilitated via the ID Wallet, a convenient and secure mobile app. Here users can add personal data to their digital identity, have it certified, and give consent to share it with chosen service providers. Only +IBg-attestations+IBk- issued by trusted parties are stored on the blockchain, keeping personal data under sole control of users.
Banks can lead the creation of new Digital ID ecosystems To comply with new regulations +AFs-In the EU, relevant regulations include AMLD 4 +ACY- 5, the GDPR (General Data Protection Regulation) and PSD2 (second Payment Services Directive)+AF0-, financial institutions must implement robust KYC (Know Your Customer) procedures, rigorous data privacy and protection as well as strong customer authentication. They are therefore ideally positioned to lead the self-sovereign Digital ID revolution. Other service providers that rely on verified customer identities, such as public services, mobile operators and airlines, can also reap significant benefits, including the opportunity to share ID management costs. As further stakeholders join a self-sovereign ID ecosystem, richer identities are built, supporting an even wider range of use cases.
Gemalto builds on the unique features of R3+IBk-s Corda blockchain platform Gemalto deploys its Trust ID Network application and data protection solutions on the latest version of the Corda platform, the world+IBk-s foremost enterprise blockchain solution built by R3. It provides full privacy, security and immutability along with a streamlined integration for service providers and the ability to support mission critical identity services. R3 already works with over 200 financial institutions and other partners worldwide.
A wide range of stakeholders are being invited to participate in one of several Trust ID Network pilots that will launch later this year. +IBg-Empowering customers to manage and control their own digital identity based on blockchain technology is nothing short of revolutionary and we+IBk-re very pleased to be collaborating with Gemalto on the Trust ID Network,+IBk- said David E Rutter, CEO of R3. +IBg-The Corda platform+IBk-s unique privacy features offer the ideal basis for a secure, easy-to-deploy decentralized ID management platform.