TrustGrid Pty Ltd has just announced the worldwide launch of TrustGrid™, the first digital trust ecosystem in the world.
The solution serves as a sort of convenient bridge between government entities and private organisations while maintaining a high degree of privacy, security and integrity, which provides a range of services to end users, customers, suppliers, citizens and constituents.
The government, enterprise and organizations are able to create secure digital ecosystems on TrustGrid regardless of where they are. They will have complete control of the data and the privacy of the citizens will be maximized.
TrustGrid is powered by blockchain and a unique patent-pending framework that operates in tandem with the services that the government and private sector utilize. All of the highly advanced technologies – the innovative cryptography, data privacy, confidential computing, and distributed ledger technologies – can be accessed within a single platform.
“We have invested almost five years into the development of this world’s first technology that will solve a global crisis of security in data and digital identity. TrustGrid is bringing to market a digital ecosystem that’s empowering individuals worldwide to take back total control of their digital identity, personal data and how they are used and verified by external constituents, in both public and private entities,” said Santosh Devaraj, the CEO and founder of TrustGrid Pty Ltd.
Problems concerning online cybersecurity, data and identity theft have become worryingly common as of recently. A 2021 report from Reportlinker has stated that the global fraud detection and prevention market had a value of $18.24 billion in 2020 and is anticipated to hit $40.8 billion in 2026 with a CAGR of 18.17% within the forecast period from 2021 to 2026.
Due to the increasing cases of cyber and identity crimes, privacy and authentication digital solutions that are faster, smarter and highly secure are becoming more essential. It is for this reason that TrustGrid is designed to combat such issues.
