Trust Stamp is on the verge of its twelfth patent after getting a Notice of Allowance from the United States Patent and Trademark Office (PTO). The Notice specifically covers patent #16/406,978, which details a solution that turns someone’s biometric data into a secure token that can be used for identity verification.
The PTO will not grant Trust Stamp a full patent until the company pays all of the relevant application fees and jumps through a few more bureaucratic hoops. The Notice nevertheless indicates that the Office has signed off on the basic idea, and there is no reason to think that Trust Stamp will not complete the process and pick up its patent sometime in the near future. Trust Stamp believes that the patent speaks to its strong investment in research and development over the past six years, especially since the company has another 21 patent applications still waiting for a response from the PTO.
“Our growing patent portfolio covers not only identity tokenization but also presentation attack detection, metaverse identity systems, NFTs, trust scores, and the broader field of biometric science,” said Trust Stamp CEO Gareth Genner. “Each of our patents contribute to an overall depth of technology innovation that allows us to deliver identity and trust-focused solutions that place privacy at the forefront of our design considerations.”
According to Trust Stamp, the system described in its new patent will improve data security and give organizations a way to integrate legacy identity systems into a more modern security environment. The solution is also expected to make identity verification more efficient for end users.
Trust Stamp itself is best known for its face-based onboarding solution, which is proving to be popular in the financial sector. The company released a new Biometric MFA solution earlier this year that is designed to eliminate vulnerable One-Time Passwords.
July 14, 2022 – by Eric Weiss