Amsterdam-based Truvity, a company that provides tools for self-sovereign digital identity management, announced the launch of the Truvity Platform, complete with the developer documentation suite, a demo, and access to the Truvity Platform API.
The company says that the Truvity Platform is a cutting-edge self-sovereign identity (SSI) solution developed by a team of experienced engineers. SSI gives individuals control over their digital identities, allowing them to decide who has access to their data, when, and under what circumstances.
Keeping control of digital identity
The platform is designed to help corporate clients, developers, and experts create their own SSI solutions for managing and sharing digital identity and verifiable credentials without relying on central authorities or intermediaries. This includes driver’s licences, KYC profiles, business documents, and even complex B2B processes.
Some of the platform’s features include machine-reading documents, built-in verification tools, and lightning-fast data recall and sharing between wallets.
Here’s how Truvity API works: the holder or user will present data to the verifier. Then, the verifier will trust the data to the issuer. This is where instant trust happens, as it usually takes multiple traditional verification methods. After that, the issuer will write a verifiable data registry that the verifier can read. When all is done, the issuer can issue the necessary document.
“The demand for identity management is in every industry. Hence, the potential for its use is unlimited, and we want to encourage developers who can harness its power to start building on this new generation of technology,” says Konstantin Mashukov, Truvity’s CEO and co-founder.
The platform was first unveiled in June as Truvity raised €8M from Artek Group, an investment group and financial services platform. The funding was utilised to develop the platform and expand operations.
More about the platform
The Truvity platform can serve as the solution to the complicated process of traditional identification methods. The company says it’s secure, transparent, and cannot be tampered with.
The company has tried multiple ways and taken possible measures to protect user data from identity theft and fraud, such as using cryptography and a federated platform built on AWS S3 DynamoDB. Auth0 will manage all user accounts.
In short, the platform has multiple features: Developer-Forward Documentation and API Design, instant trust and verification, universal accessibility and support from Truvity, and robust security protocols.
The platform also helps companies meet evolving regulations and verify documents quickly and easily without the need for traditional databases or paper-based processes.
It is expected to be fully compatible with eIDAS 2.0, the EU’s updated regulation on electronic identification and trust services, when it debuts in September. This compatibility makes it easier for businesses to enter the European market and reach millions of consumers while adhering to the EU’s high standards for security, privacy, and recognition.
The demo and the team’s developer documentation are now available on Truvity’s website.