How TrustGrid™ is Championing Robust Digital Identity Solution in 2021 | TrustGrid™, the world’s first digital trust ecosystem was recently launched globally by TrustGrid Pty Ltd. The solution supports technology interfaces between government institutions and private organizations, offering services to suppliers, end-users, consumers, citizens, and constituencies while maintaining a high level of privacy, security, and integrity.
Governments, businesses, and organizations can use TrustGrid to build secure digital ecosystems that are accessible via a software-as-a-service (SaaS) paradigm from anywhere in the world, with sovereign data control and maximum privacy. This result can be provided at an unprecedented size and speed.
As a cloud-native digital identity and privacy platform, TrustGrid utilizes innovative cryptography and the trusted execution technology to build scalable digital identity solutions.
Cybersecurity, data theft, and identity theft have all grown to pandemic proportions, and are soon becoming the crime of the new millennium.
The payments industry, for one, is undergoing a rapid transformation. There has never been a more pressing need for it. Consumer spending soared as a result of the epidemic, with an expected $794.50 billion in e-commerce sales by 2020.
This comes at a time when payment authorization has a lot of room for improvement. Worryingly, this combination has created a gold mine of opportunities for hackers to profit from, allowing them to expand their financial crime methods and facilitate a slew of fraudulent transactions.
Governments, businesses, and organizations can use TrustGrid to build secure digital ecosystems that are accessible via a software-as-a-service (SaaS) paradigm from anywhere in the world, with sovereign data control and maximum citizen privacy. This result can be provided at an unprecedented size and speed.
According to TrustGrid Pty Ltd CEO and founder, Santosh Devaraj, TrustGrid is available worldwide as a SaaS model, that enables organizations to create secure digital ecosystems from anywhere in the world with sovereign control of data and maximized citizen privacy, delivered with unlimited scale and unprecedented speed.
TrustGrid is a four-year-in-the-making project that is driven by blockchain, an emerging distributed ledger technology, and a patent-pending fabric that interoperates with legacy systems and microservices relevant to a variety of government and private-sector use cases.
TrustGrid has successfully integrated a number of cutting-edge technologies into a single platform. TrustGrid is a highly flexible digital ecosystem platform that integrates novel cryptography, data privacy, confidential computing, and distributed ledger technologies.
TrustGrid can be used in these ways:
- Government Digital Services KYC (Know Your Customer), online voting, digital licenses, birth/marriage/death certificates, and other municipal needs are all covered by TrustGrid. Asset ownership and digital educational accreditations are examples of this.
- Digital Supply Chain Management Any supply chain can benefit from TrustGrid’s end-to-end security, authenticity, and integrity. From the point of manufacture, effective assurance and management of any product can be enabled. The product, as well as any individuals involved in supply chain handling and administration, can be verified and authenticated in a secure manner.
- Health Records and Vaccinations TrustGrid allows people and organizations to securely manage immunizations and health information while maintaining their privacy, allowing them to offer health-based proofs with complete discretion. Multiple Azure/AWS regions, integration with your identity systems, a library of ready-to-use use cases, mobile app templates, and automated consortium setup and administration are some of the other advantages of TrustGrid.
Trustgrid integrates SD-WAN, remote access, and edge computing technologies to manage zero trust communication between any application, system, or end-user, enabling secure access service edge (SASE) architectures. To connect cloud and on-premise settings, software-defined networking (SD-WAN) is used. Secure communication for remote end-users using Zero Trust Network Access (ZTNA). Edge computing allows security services to be distributed from the cloud to the edge. Endpoints, apps, and APIs are distributed via deployment and management tools. Tooling for security and support that is automated.
TrustGrid Pty Ltd is a company based in Australia. Devaraj says that TrustGridTM is his personal creation to solve the challenge of secure digital ecosystems, based on his many years of commercial and technical experience in cybersecurity.
Devaraj further explains that they have the ability to produce results on a massive scale and at breakneck speed.
TrustGrid is a digital ecosystem platform that combines novel cryptography, data privacy, confidential computing, and distributed ledger technology into a highly flexible digital ecosystem platform.
Visit https://trustgrid.com to learn more about TrustGrid’s strength and promise.