The transition from paper documents to a fully digital exchange of data is in full swing. Moreover, the death toll for paper money and documents may have sounded and resonated throughout the pandemic. For example, consumers, especially millennials, will shun a merchant who does not offer digital, contactless payment options. During the pandemic, digital wallets have proven themselves and are seen as a platform for future growth. Digital wallets, other forms of contactless payments, and data exchange propped up by blockchain technology are here to stay long after the pandemic is over. A digital wallet, however, is not merely for paying for goods and services. One company has taken the notion to a new, more comprehensive level.
As a trailblazer in the field of blockchain-verified digital identity, Liquid Avatar Technologies is building a universal utility that allows its users to control and manage all of their credentials via a single utility application. Using biometrics and blockchain as the foundation for verifiable credentials, Liquid Avatar is a self-sovereign identity platform available in the App Store and Google Play.
A Canadian company, Liquid Avatar Technologies is one of the frontrunners in the digital race with its proprietary Liquid Avatar Verifiable Credentials Ecosystem. The platform provides tools that put people in control of the amount of personal data they are willing to share with various recipients, be it e-commerce, payment systems, online gaming, etc. Their product comes in the form of personal identity solutions that people can also share with government agencies, healthcare institutions, and education organizations.
The data is stored in a biometrically controlled digital wallet and the wallet holder, can at their complete discretion, decide what information they would like to release or exchange with different parties. The owner of the digital identity has complete control of the purse strings and decides what they want to put in it, and who they want to share it with. For example, one needs to present proof of COVID vaccination for work, travel, attendance of a sports event, visiting elderly parents, or any other purpose requiring such validation. A paper certificate is unreliable, perishable, and can be counterfeited. By putting the vaccination proof in the Liquid Avatar digital wallet, one can infallibly present it to whoever is concerned without having to provide any personally identifying information. That is just one example of how Liquid Avatar provides users with digital tools and services enabling them to create, manage, and control their biometrics-based, Self Sovereign Identity. Users will also have the ability to prove and share broader healthcare records.
The interaction with various government agencies, institutions, and services will also greatly benefit from Liquid Avatar’s platform to help them manage personal data. Since Liquid Avatar can represent multiple facets of a person, a customized Avatar can be created for a specific interaction with a government agency or other services. Such identity solutions will make these kinds of interactions more efficient and, most importantly, secure. Even applying for a job can require that the applicant meet specific qualifications, such as a government job, a doctor’s position, or a college professor. Proving your credentials in these situations will be made more accessible, more secure, and overall more efficient with Liquid Avatar.
With the horizons of Liquid Avatar’s platform application broadening by the day as the world is moving towards a new digital reality, early adopters of Liquid Avatar will have the edge in accessing a plethora of digital services in all spheres of life.