Truscholar: Delivering Blockchain-Based Digital Identity Platform
Modern technological advancements have made it simpler than ever to steal passwords and break into networks, which highlight the value of Identity Access Management. Today, a four letter, two digit passwords can be cracked in under a second by a hacker. More importantly, if your data is not on a completely private server, a breach any where on the server could compromise everyone’s data. For instance, the single sign-on provider One Login experienced a significant breach in 2017 that gave a hacker access to their infrastructure for seven hours and certainly resulted in the decryption of consumer data. This is why taking advantage of the security benefits offered by identity and access management solution is so crucial.
Even though there are several IAM solutions provider in the market, one company that is creating a niche for itself by offering blockchain-based digital identity solutions that caters to individuals and businesses is Asset Chain Techlligence PVT LTD. The company is working for its clients with Providing KYC credentials for Banking, Insurance, Mutual Funds, and Educational Certificates. Travel Pass, Land Records, Hospitality, Checkins, and more. “We offer a single source of Trurth for users’ personal information securely stored using blockchain protections using Self Sovereign Identity DID Models which keeps immutable record cryptographically over the blockchain without storing the actual data on the blocks”, states Samit Singhai, Co-Founder of Asset Chain Techlligence Pvt Ltd.
The platform also offers services that are critical to identity management; namely, compliance, fraud detection, and identity authentication a crypto wallet, asset Vault and data storage encrypted linked to your own paired devices. Users can then share their self-sovereign, blockchain verified Digital identity without worrying that data is being taken from them without consent. It will also help businesses unlock a secure, global business network where qualifications are verified, and trust is ever present. Users get input of their attested government ID, social profile, and financial status based from
Trusted Issuers, then use the platform to share necessary information without ever giving up true ownership of the data. With attestations essentially endorsements from Issuer that can verify individuals information is valid, the personal device becomes your universal identifier better not lose it.
One of the first products of Asset Chain Techlligence is that it gained success is Truscholar. Truscholar empowers institutions across the globe with secure infrastructure to establish tamper proof digital credentials, certificates, and badges. Businesses across industries can use the platform to secure digital credentials and identities. By digitizing credentials, scamsters will no longer be able to use any organization’s brand. Businesses can retain complete control of their brand’s usage.
With the power of blockchain, organizations can store their physical and digital records securely. Digital Credentials which are stored on centralized servers are prone to system down time due to maintenance or malfunction, potentially limiting the access to digital credentials. These issues are addressed by blockchain based Asset Chain Techlligence solutions.
To elaborate more about the company’s products, Samit cites a case scenario where Asset Chain Techlligence helped JigsawMindz in securing digital certificates. JigsawMindz curriculum included a variety of courses like soft skills, personality development, cyber security, java and many more. They were having troubles with improving visibility and issuing bulk digital certificates and digital badges to the learners. By implementing Asset Chain Techlligence’s products, they were able to secure their digital certificates.
The company offered its custom built certificate designer tool that can be used to create different certificates for different occasions and the bulk issuance of these certificates & badges. The state-of-the-art blockchain technology helped the clientsecure the awarded certificates, which was definitely an important aspect for overall success and the client realized this immediately.
For the future, the company would love to continue what they are doing the best. The company is planning to implement a lot of ideas proposed by hyper ledger to solve world’s identity crisis in the coming days. The company also wants to build a complete, 3.0 compliant ecosystem to help issuers, reviewers and verifiers exchange and verify information. The company also wants to create a digital wallet that can hold digital credentials and other records and documents for every citizen.
Even though there are several IAM solutions provider in the market, one company that is creating a niche for itself by offering blockchain-based digital identity solutions that caters to individuals and businesses is Asset Chain Techlligence PVT LTD. The company is working for its clients with Providing KYC credentials for Banking, Insurance, Mutual Funds, and Educational Certificates. Travel Pass, Land Records, Hospitality, Checkins, and more. “We offer a single source of Trurth for users’ personal information securely stored using blockchain protections using Self Sovereign Identity DID Models which keeps immutable record cryptographically over the blockchain without storing the actual data on the blocks”, states Samit Singhai, Co-Founder of Asset Chain Techlligence Pvt Ltd.
The company offered its custom built certificate de signer tool that can be used to create different certificates for different occasions and the bulk issuance of these certificates & badges
The platform also offers services that are critical to identity management; namely, compliance, fraud detection, and identity authentication a crypto wallet, asset Vault and data storage encrypted linked to your own paired devices. Users can then share their self-sovereign, blockchain verified Digital identity without worrying that data is being taken from them without consent. It will also help businesses unlock a secure, global business network where qualifications are verified, and trust is ever present. Users get input of their attested government ID, social profile, and financial status based from
Trusted Issuers, then use the platform to share necessary information without ever giving up true ownership of the data. With attestations essentially endorsements from Issuer that can verify individuals information is valid, the personal device becomes your universal identifier better not lose it.
One of the first products of Asset Chain Techlligence is that it gained success is Truscholar. Truscholar empowers institutions across the globe with secure infrastructure to establish tamper proof digital credentials, certificates, and badges. Businesses across industries can use the platform to secure digital credentials and identities. By digitizing credentials, scamsters will no longer be able to use any organization’s brand. Businesses can retain complete control of their brand’s usage.
With the power of blockchain, organizations can store their physical and digital records securely. Digital Credentials which are stored on centralized servers are prone to system down time due to maintenance or malfunction, potentially limiting the access to digital credentials. These issues are addressed by blockchain based Asset Chain Techlligence solutions.
To elaborate more about the company’s products, Samit cites a case scenario where Asset Chain Techlligence helped JigsawMindz in securing digital certificates. JigsawMindz curriculum included a variety of courses like soft skills, personality development, cyber security, java and many more. They were having troubles with improving visibility and issuing bulk digital certificates and digital badges to the learners. By implementing Asset Chain Techlligence’s products, they were able to secure their digital certificates.
The company offered its custom built certificate designer tool that can be used to create different certificates for different occasions and the bulk issuance of these certificates & badges. The state-of-the-art blockchain technology helped the clientsecure the awarded certificates, which was definitely an important aspect for overall success and the client realized this immediately.
For the future, the company would love to continue what they are doing the best. The company is planning to implement a lot of ideas proposed by hyper ledger to solve world’s identity crisis in the coming days. The company also wants to build a complete, 3.0 compliant ecosystem to help issuers, reviewers and verifiers exchange and verify information. The company also wants to create a digital wallet that can hold digital credentials and other records and documents for every citizen.
