Trusted Transactions powered by decentralized identity and payment wallets

It’s increasingly difficult to defend and uphold centralised systems when it comes to safeguarding customer data. Data breaches are becoming more common, damaging public perception and resulting in hefty fines. Regulation is mounting and the demand on businesses to prove they’re compliant is a heavier and heavier task.

Major organisations are suffering from fraud and huge false positives resulting in steep revenue losses. Cybercrime and phishing schemes are rampant, with knock-on effect for revenue.

At the December 7th, 2023 ToIP Ecosystem Foundry Working group, Seema Khinda Johnson, Co-founder & COO of nuggets, discussed how a decentralized identity, verifiable credentials and payment wallets can work together to guarantee trusted transactions, uncompromised compliance and fraud mitigation - all with a seamless user experience and increased enterprise efficiencies.

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To learn more about Trust Over IP Foundation visit our website: trustoverip.org