LuxTrust and Cambridge Blockchain Announce Private Beta for Privacy-Protecting Identity Platform IDKEEP
July 16 2019 - 6:00AM
Business Wire
LuxTrust S.A., a leading Digital Trust Services
Provider in Luxembourg, and Cambridge Blockchain Inc.,
a pioneer in digital identity enterprise Software, announced the
private beta-testing phase for privacy-protecting European identity
platform IDKEEP.
Designed to resolve identity and personal-data related
challenges faced by many digital service providers — such as banks
and financial services, insurance, and healthcare, among
others—IDKEEP is a huge step forward towards data ownership and
control. The platform provides end users with full control over
personal data and over sharing such data with services online,
helping digital organizations to effectively manage consent as per
GDPR rules and effectively manage validated users’ data, enabling
trusted transactions online. In addition, IDKEEP opens a
marketplace for data validators who can leverage a network effect
of a large customer base, realizing efficiencies and re-use of
expensive data validation processes.
IDKEEP was developed by LuxTrust in Luxembourg to augment the
intrinsic value of existing digital identities which already take
up the entire population of the country, and to foster a
data-driven business ecosystem. With IDKEEP, LuxTrust combines its
role of eIDAS Qualified Trust Services Provider, with a GDPR
trusted third-party role. Supported by the Luxembourg State, one of
company’s shareholders as well as a strategic partnership with
InfoCert (Italy), IDKEEP leads the way towards a new age of digital
identity.
IDKEEP has been showcased in Seoul, South Korea today, in
presence of Luxembourg’s Deputy Prime Minister and Minister of the
Economy, Étienne Schneider, thereby initiating a beta-testing
phase. Étienne Schneider said: “With the introduction of its IDKEEP
solution, LuxTrust shows off its skills and competencies when it
comes to play a leading role as an innovation-driven company. The
platform asserts LuxTrust’s position as a forerunner among digital
identity providers. Technological developments like IDKEEP help to
achieve the digital economy of tomorrow and contribute to
Luxembourg’s reputation in Europe and beyond as a trusted data
hub”.
IDKEEP platform runs on Cambridge Blockchain’s innovative
blockchain-based enterprise software, a first-of-its-kind
technology that gives users back control of their own identity by
increasing data quality, re-usability, and trust. “After receiving
investments from PayPal (NASDAQ:PYPL), Flourish
and Omidyar Network earlier this year, we are pleased to
continue our expansion to deliver the future of digital identity
for Europe and beyond.” said Matthew Commons, CEO and cofounder of
Cambridge Blockchain.
This announcement is an important milestone toward the
resolution of digital identity challenges. IDKEEP is now signing up
additional trusted parties and service providers. Organizations
interested in joining the platform should please contact Povilas
Žinys: povilas.zinys@luxtrust.lu
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Povilas Žinys povilas.zinys@luxtrust.lu
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