sb-as logo
Story image

Sphere Identity launches self-sovereign identity platform

02 Apr 2019

Digital identity system Sphere Identity has launched its two-part business platform and mobile application, which will allow businesses to sign up customers in a secure, compliant, and global way, while also giving users simple control of their data.

Sphere Identity is a self-sovereign identity platform built for digital commerce, backed by distributed storage technologies, providing one-click consumer onboarding that helps businesses navigate GDPR and other regulatory compliance risks.

From a business perspective, companies can integrate Sphere Identity into their Know Your Customer (KYC) process, providing an alternative to online forms and streamlining their customer experience offering in a way that is adaptable to the regulatory and compliance landscape.

For consumers, the mobile application provides individuals with easy access to personal documentation, such as passports and driver’s licenses, saving them the hassle of re-entering the same information numerous times, while also giving them complete control of their personal data.

Sphere Identity CEO Katherine Noall says, “Customer dropoff, revenue loss, data harvesting, and security breaches have become characteristic of this digital age, for both businesses and consumers.

“In the wake of hacks, data breaches, and regulatory responses, we are seeing an increasing rejection of this reality, with more businesses searching for solutions that uncomplicate KYC processes, make sign-up simple, and keep identity safe.”

Noall adds, “In a similar vein, customers are realising that their online identities are multiple, exposed, and easily exploited, and are increasingly frustrated at having to enter the same information over and over again, with little information on how that information will be used by third parties.

“By adopting digital identity procedures in e-commerce transactions, businesses can introduce trust and automation, which has spurred a distinct market for self-sovereign identity solutions.”

With 22% of customers currently abandoning the sign-up process due to the burdensome process of filling in online forms, Sphere Identity aims to combat the dropoff by providing consumers with a consolidated digital identity that can be easily accessed and applied as required.

The Sphere Identity platform is built with the principles of privacy and security by design, making use of distributed storage technology, ensuring that customer data is decentralised and fully encrypted, aiming to reduce the chances of hackers stealing data from one central source.

Story image
COVID-19 pandemic propels uptake of cyber threat intelligence
The COVID-19 pandemic is pushing organisations of all sizes to up their security game, for one implementing Cyber threat intelligence (CTI) programmes.More
Story image
O365 a weak point ripe for exploit, say security professionals
71% of more than 1,000 security professionals have been on the receiving end of a Microsoft 365 account takeover, on average, seven times in the last year alone.More
Story image
Gigamon & FireEye tackle security in hybrid cloud environments
The partnership is an extension to a ‘long-standing’ relationship that aims to ‘simplify, secure, and optimise hybrid cloud environments’.More
Link image
Virtual demo: Diagnose network cabling problems with the LinkIQ Cable+Network Tester
If you’re finding it difficult to install access points and cabling, or if you can’t pinpoint an issue with a video camera or end user, the LinkIQ Cable+Network Tester could be exactly what you need. Try a free, fully interactive demo now.More
Story image
Infrastructure-as-code, and how it can secure the cloud
Bridgecrew recognised IaC early on as one of the best ways for modern teams to delegate security ownership to individual contributors while distributing it across existing frameworks within CI/CD pipelines. This attribute meant that IaC was invaluable in securing cloud-native environments.More
Story image
New wormable Android malware discovered through auto-replies in WhatsApp
Check Point Research has discovered new malware on Google’s Play Store that could spread through WhatsApp messages. More