Trust Stamp Receives Notice of a New Patent Issuance for Identity Authentication Technology Using Social Media and Other User Account Access From the US Patent and Trademark Office

Trust Stamp, the Privacy-First Identity Company providing AI-powered trust and identity services used globally across multiple sectors, announces that on August 15, 2023, Patent # 11,729,158 entitled “Systems and Methods for Identity Authentication via Third Party Accounts” was issued to the Company by the US Patent and Trademark Offices. This patent is the eighteenth issued to the company in addition to which the company has an additional thirteen patent applications pending.

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Andrew Gowasack, President of the Company, commented, “Fraud comes in many flavors, and social media and similar peer to peer platforms can both serve as a breeding ground for fraudulent transactions and as a protection against them. This technology, while leveraging our core privacy-first technologies, provides an optional interlock between different types of user accounts benefiting from the strengths that each can offer in terms of user authentication to produce a more resilient user-centric ecosystem.”

Trust Stamp released its business update and financial results for the second quarter and YTD 2023 on August 14^th 2024 reporting positive progress across all of its commercial objectives including raising new capital, substantially growing its customer base and reducing operating losses through substantial reductions in operating costs.

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