Digital Bazaar and SecureKey Technologies recently announced a strategic collaboration to leverage new digital identity standards intended to enhance existing paper-based identity verification processes.

Both companies join a growing web of technology providers ?including GS1 US and TradeLens? that are working together to improve data sharing and collaboration through blockchain-based approaches and innovative authorization technologies.

With combined industry expertise, this project will help set the foundation for more robust global standards for interoperable organizational identity.

It will also demonstrate the value of the World Wide Web Consortium (W3C) emerging standards around digital identity for interoperable use in business-to-business (B2B) and business-to-government (B2G) interactions.

Digital Bazaar will leverage SecureKey’s expertise in building next-generation, privacy-enhancing, and blockchain-based digital identity verification solutions, which includes the newly launched Verified.Me? service.

The collaboration will roll-out a variety of interoperable digital products that address identity security gaps in in different sectors ? specifically interoperability between organizations when it comes to developing and implementing paperless identity verification processes.

These products will be based on the upcoming W3C international standards and will make use of both Decentralized Identifiers and Verifiable Credentials to strongly authenticate and identify organizations engaging in high-risk business transactions.

“Collaborating with Digital Bazaar was a natural fit as we work towards our shared mission of increased privacy, security and consumer control for identity verification and attribute sharing,” said

Source: digitalbazaar.com