Adopting SSI fundamentally shifts the way personal data is owned, shared and controlled in favor of the user, according to the press release, and is also designed to protect organizations against the cost of privacy breaches, while giving them faster processing and reducing compliance cost.Nuggets has a technology partnership with Onfido to secure its blockchain payment and identity solution with face biometrics.“Effective solutions that can digitally identify and authenticate a person more quickly, more accurately and more securely, can have wide-ranging benefits for individuals, organisations and society as a whole, from reducing the time it takes consumers to acquire goods and services, to widening access and reducing fraud and money laundering,” states LexisNexis Risk Solutions MD for the UK and Ireland Steve Elliot. “It’s really exciting to think that innovations like these could help reduce the increasing prevalence of large-scale breaches of consumers’ personal data. We’re really excited to be working with Nuggets to explore how SSI can help achieve those benefits whilst maximising data privacy and security for consumers.”The companies have been working together since last year, resulting in the joint go-to-market commercial partnership.About LexisNexis:LexisNexis Risk Solutions Group is a portfolio of brands that span multiple industries providing customers with innovative technologies, information-based analytics and decision tools and data services. Our brands provide market-specific solutions that help our customers solve problems, make better decisions, stay compliant, reduce risk and improve their operations.Headquartered in Alpharetta, Georgia, USA Serving customers in more than 180 countries We employ approximately 8,700 people We are part of RELX, a global provider of information and analytics for professional and business customers across industries
Submitted November 18, 2020 at 10:09PM
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