As fraud risk increases across virtual platforms from dating apps to home services and the gig economy, it's more important than ever to be able to back their own claim identity without loss of privacy. It's also essential to protect data privacy with solutions that don't require exposing sensitive data on insecure networks. Weavechain and TruAnon have teamed up to fortify online identities with verifiable credentials powered by Web3 technology to prove authenticity while protecting user privacy.
TruAnon allows businesses to build trust into their social & consumer ecosystems, by providing tools to confirm and control online identities without loss of privacy. They look forward to working with Weavechain to prevent identity fraud, scams, and bad actors with Web3 security benefits including verifiable credentials that act as attestations in low-trust environments.
Founder and CEO of TruAnon Jesse Tayler, describes the struggle that inspires the company's mission to provide trust as a service saying: “People keep asking how they can authenticate their Linkedin profiles, and since LinkedIn offers no solution, we created one. We're looking forward to adding an extra layer of Web3 security to help people lock down their digital lives.”
Trust in the modern world is a serious problem that is only getting worse. 15 million people in the US suffer from identity theft yearly with an estimated loss of $50 billion, fraudulent academic and vaccine certification markets are rising globally, and employers are increasingly dismissing academic certifications. TruAnon and Weavechain offer a path for enterprises to issue verifiable credentials backed by Web3 security to their members that prove essential facts without releasing strictly confidential information. These credentials are tamper-proof, allow users to retain full control of their data, and are instantly verifiable around the world.
Weavechain Founder and CEO Omar ElNaggar says that making it easy to provide robust, Web3-backed verifiable credentials from services like TruAnon is a key step towards enhancing the security of digital authorizations while maintaining user privacy. Both Weavechain and TruAnon believe in the importance of all people having an accessible option to establish trust by filtering legitimate membership and certifying identities with a symbol as easy to understand as the blue check marks so far reserved for celebrities and Fortune 500 companies on Twitter and Instagram.
About Weavechain
Weavechain is the big data on-ramp to Web3. They unlock Web3 benefits like immutability, data lineage, data monetization, confidential computing, and oracle connections to Web3 natives for enterprises. For more information, please visit www.weavechain.com
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