Trinsic

trinsic

**SANTA MONICA, CA, December 12th, 2024/Chainwire/--**Dentity is proud to announce the acquisition of Trinsic’s decentralized identity assets, setting the stage for a dramatic expansion of Web3 identity solutions. These assets represents advanced decentralized identity infrastructure in the world, having enabled thousands of developers to build user-controlled identity features into their applications. With this move, Dentity aims to strengthen its position as a global leader in decentralized identity. “Trinsic’s platform revolutionizes how consumers control and share their personal data,” said Jeff Schwartz, Founder and CEO of Dentity. “This acquisition brings us one step closer to creating a safer, more secure digital future, where individuals are fully in charge of their identity — and can potentially earn from it, not Big Tech.”Riley Hughes, co-founder of Trinsic, shared, “Dentity stands out as the most successful product built on our decentralized identity platform. Their consumer scale and impressive ecosystem of partners will allow Trinsic’s technology to touch millions more, making Dentity the perfect place for this platform to reach its potential.” Dentity has joined Trinsic’s Identity Acceptance Network, which enables seamless identity verification through digital IDs in web3 wallets like Dentity, mobile driver’s licenses, and eID apps. Trinsic’s network gives 100 million consumers instant access to Dentity’s products and ecosystem partners. The Need for Digital Identity In a world where fraud, online scams, and identity theft are on the rise, digital identity offers a powerful solution. In fact, online grooming crimes have surged 89%, and romance scams are up 160%. This explosion of fraud highlights a major challenge — anonymity online is both a tool for bad actors and a barrier to trust. Decentralized identity is the key to unlocking trust online. It empowers consumers to securely share only what’s necessary, whether they’re buying, selling, dating, or participating in the growing Web3 economy. For the first time, individuals — not third parties — control their data, cutting out the middlemen who earns from consumer information. The Timing Consumers are increasingly dissatisfied with how their data is controlled by large tech companies. Over 75% of people don’t trust Big Tech with their personal information, and they’re demanding more control over their digital lives. Gartner predicts that by 2026, 500 million smartphone users will regularly use a digital identity wallet — a testament to the growing need for decentralized digital identity solutions. Combining Trinsic’s powerful identity technology with Dentity’s consumer apps and distribution channels accelerates the adoption of reusable, verified digital identities — helping to combat fraud, streamline online interactions, and give users the tools to manage their data. “The convergence of rising online fraud and consumer demand for more privacy-driven solutions makes this the perfect time for Dentity to scale,” stated Schwartz A Multi-Billion Dollar Opportunity The market for digital identity is projected to reach $325 billion by 2027, and with this acquisition, Dentity is uniquely positioned to capture its share. The acquisition not only unlocks new growth opportunities but also helps Dentity and its partners scale faster and reach a wider range of developers looking to integrate decentralized identity into their platforms. “The future of Web3 and digital identity is about empowering individuals, reducing online fraud, and making the internet a more trustworthy place. We’re building a future where digital trust is easy, secure, and owned by the individual.” About Dentity Dentity makes it easy for people to build and manage digital trust online. They empower individuals to create, control, and verify their identity credentials, allowing them to securely share private data with the people and organizations they interact with. Dentity powers one of the world’s most advanced decentralized identity infrastructure, enabling thousands of developers to integrate user-controlled identity features into their applications. Dentity gives millions of consumers full ownership and control over their digital identities. Users can visit www.dentity.com for more information. About Trinsic Trinsic is the first identity acceptance network, facilitating 10x faster identity verification for 95 million consumers. Its product acts as a gateway into dozens of identity networks, mobile driver’s licenses, and eID apps. Companies use Trinsic to check for a digital ID before asking users to upload a physical ID document for verification. Since founding in 2019, Trinsic has raised $9.4 million from Georgian, Kickstart Seed Fund, Osage Venture Partners and notable angel investors from the identity space. Users can visit trinsic.id to learn more. Contact Founder and CEO Jeff Schwartz Dentity jeffrey@dentity.com 818-481-9161 This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here **SANTA MONICA, CA, December 12th, 2024/Chainwire/--**Dentity is proud to announce the acquisition of Trinsic ’s decentralized identity assets, setting the stage for a dramatic expansion of Web3 identity solutions. These assets represents advanced decentralized identity infrastructure in the world, having enabled thousands of developers to build user-controlled identity features into their applications. With this move, Dentity aims to strengthen its position as a global leader in decentralized identity. Trinsic Trinsic “Trinsic’s platform revolutionizes how consumers control and share their personal data,” said Jeff Schwartz, Founder and CEO of Dentity. “Trinsic’s platform revolutionizes how consumers control and share their personal data,” said Jeff Schwartz, Founder and CEO of Dentity. “This acquisition brings us one step closer to creating a safer, more secure digital future, where individuals are fully in charge of their identity — and can potentially earn from it, not Big Tech.”Riley Hughes, co-founder of Trinsic, shared, “Dentity stands out as the most successful product built on our decentralized identity platform. Their consumer scale and impressive ecosystem of partners will allow Trinsic’s technology to touch millions more, making Dentity the perfect place for this platform to reach its potential.” “This acquisition brings us one step closer to creating a safer, more secure digital future, where individuals are fully in charge of their identity — and can potentially earn from it, not Big Tech.”Riley Hughes, co-founder of Trinsic, shared, “Dentity stands out as the most successful product built on our decentralized identity platform. Their consumer scale and impressive ecosystem of partners will allow Trinsic’s technology to touch millions more, making Dentity the perfect place for this platform to reach its potential.” Dentity has joined Trinsic’s Identity Acceptance Network, which enables seamless identity verification through digital IDs in web3 wallets like Dentity, mobile driver’s licenses, and eID apps. Trinsic’s network gives 100 million consumers instant access to Dentity’s products and ecosystem partners. The Need for Digital Identity In a world where fraud, online scams, and identity theft are on the rise, digital identity offers a powerful solution. In fact, online grooming crimes have surged 89%, and romance scams are up 160%. This explosion of fraud highlights a major challenge — anonymity online is both a tool for bad actors and a barrier to trust. Decentralized identity is the key to unlocking trust online. It empowers consumers to securely share only what’s necessary, whether they’re buying, selling, dating, or participating in the growing Web3 economy. For the first time, individuals — not third parties — control their data, cutting out the middlemen who earns from consumer information. The Timing Consumers are increasingly dissatisfied with how their data is controlled by large tech companies. Over 75% of people don’t trust Big Tech with their personal information, and they’re demanding more control over their digital lives. Gartner predicts that by 2026, 500 million smartphone users will regularly use a digital identity wallet — a testament to the growing need for decentralized digital identity solutions. Combining Trinsic’s powerful identity technology with Dentity’s consumer apps and distribution channels accelerates the adoption of reusable, verified digital identities — helping to combat fraud, streamline online interactions, and give users the tools to manage their data. “The convergence of rising online fraud and consumer demand for more privacy-driven solutions makes this the perfect time for Dentity to scale,” stated Schwartz “The convergence of rising online fraud and consumer demand for more privacy-driven solutions makes this the perfect time for Dentity to scale,” stated Schwartz A Multi-Billion Dollar Opportunity The market for digital identity is projected to reach $325 billion by 2027, and with this acquisition, Dentity is uniquely positioned to capture its share. The acquisition not only unlocks new growth opportunities but also helps Dentity and its partners scale faster and reach a wider range of developers looking to integrate decentralized identity into their platforms. “The future of Web3 and digital identity is about empowering individuals, reducing online fraud, and making the internet a more trustworthy place. We’re building a future where digital trust is easy, secure, and owned by the individual.” “The future of Web3 and digital identity is about empowering individuals, reducing online fraud, and making the internet a more trustworthy place. We’re building a future where digital trust is easy, secure, and owned by the individual.” About Dentity Dentity makes it easy for people to build and manage digital trust online. They empower individuals to create, control, and verify their identity credentials, allowing them to securely share private data with the people and organizations they interact with. Dentity powers one of the world’s most advanced decentralized identity infrastructure, enabling thousands of developers to integrate user-controlled identity features into their applications. Dentity gives millions of consumers full ownership and control over their digital identities. Users can visit www.dentity.com for more information. Dentity Dentity www.dentity.com www.dentity.com About Trinsic Trinsic is the first identity acceptance network, facilitating 10x faster identity verification for 95 million consumers. Its product acts as a gateway into dozens of identity networks, mobile driver’s licenses, and eID apps. Companies use Trinsic to check for a digital ID before asking users to upload a physical ID document for verification. Since founding in 2019, Trinsic has raised $9.4 million from Georgian, Kickstart Seed Fund, Osage Venture Partners and notable angel investors from the identity space. Users can visit trinsic.id to learn more. Trinsic Trinsic trinsic.id trinsic.id Contact Founder and CEO Jeff Schwartz Dentity jeffrey@dentity.com 818-481-9161 This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here here here

Dentity Acquires Trinsic’s Decentralized ID Platform To Expand Adoption Of Web3 Digital Identities

ডেন্টিটি Web3 ডিজিটাল আইডেন্টিটি গ্রহণের প্রসারের জন্য Trinsic-এর বিকেন্দ্রীভূত আইডি প্ল্যাটফর্ম অর্জন করে

Dentity kupio Trinsic-evu decentraliziranu ID platformu kako bi proširio usvajanje Web3 digitalnih identiteta

Dentity získává decentralizovanou platformu ID společnosti Trinsic, aby rozšířila přijímání digitálních identit Web3

Dentity adquiere la plataforma de identificación descentralizada de Trinsic para ampliar la adopción de identidades digitales Web3

Dentity が Trinsic の分散型 ID プラットフォームを買収し、Web3 デジタル ID の採用を拡大

Dentity, Web3 санариптик идентификациясын кабыл алууну кеңейтүү үчүн Trinsicтин борбордон ажыратылган ID платформасын сатып алды

Dentity Ezui Plateforme Ya ID Décentralisé Ya Trinsic Pona Ko Agrandir Adoption Ya Ba Identités Numériques Web3

„Dentity“ įsigyja „Trinsic“ decentralizuotą ID platformą, kad išplėstų „Web3“ skaitmeninių tapatybių naudojimą

Dentity adquire a plataforma de ID descentralizada da Trinsic para expandir a adoção de identidades digitais Web3

Dentity Inowana Trinsic's Decentralized ID Platform Kuti Iwedzere Kutorwa kweWeb3 Digital Identity.

Dentity merr platformën e decentralizuar të identifikimit të Trinsic për të zgjeruar adoptimin e identiteteve dixhitale të Web3

Web3 டிஜிட்டல் அடையாளங்களை தத்தெடுப்பதை விரிவுபடுத்துவதற்காக டென்டிட்டி டிரின்சிக்கின் பரவலாக்கப்பட்ட ஐடி தளத்தைப் பெறுகிறது

ZK is anticipated as one of the technologies that will undoubtedly change Web3. When it comes to ensuring the privacy, security and integrity of blockchain applications ZK looks quite promising. Trust is backbone of Blockchain and ZK would be helpful in securing user identity and data, so that they can authenticate themselves in a trustless world. In today’s world privacy is the main point of concern. An individual won’t want to reveal his complete identity to get a small job done, but at the same time the verifier also needs the information to confirm if the things are fine to proceed. The answer to this scenario is Zero Knowledge. Understanding Zero Knowledge with an example The classic example gives deeper insights about the ZK concept. But for beginners it might be confusing and unclear to get started with understanding the concept of ZK. So let’s discuss another interesting example. Ali Baba cave When you visit to a club, at the entry you are asked to show a proof that you are 18+ in age. Normally you share your ID card which contains your photo, date of birth and other private details like your residential address or your work place details. It’s not desired that just to verify an individual’s age all other private details would also be revealed. Now what’s the solution to this ? The answer is ZK proofs. In the above scenario, the individual can generate a ZK proof that he/she is 18+ in age which can be stored as a claim. Now any organisation or individual who wants to verify the claim can do so easily without having a need to look at ID card and check the date of birth. It’s a win-win situation for both the parties as the prover don’t need to reveal his ID card and the verifier can verify is the prover is 18+ in age or not. Now, for the online world a user has his/her identity too. Many platforms demand gmail authentication and unnecessary access to mails and other details. Same is the case with web3 platforms, once the user connects his wallet to the platform, indirectly his entire on-chain data is revealed to that platform via his blockchain wallet address. Existing ZK and Identity Solutions and Tools Polygon ID is the first ever to be powered by zero-knowledge (ZK) cryptography, a privacy and blockchain scaling technology. It provides Blockchain-based ID for decentralized and self-sovereign models backed by zero-knowledge native protocols for ultimate user privacy. Polygon ID trinsic You can leverage ZK proofs using t platform to build your end-to-end identity solution. Trinsic’s API makes it easy to build identity products that helps users manage their data and identity. rinsic iden3 is a next-generation private access control based on self-sovereign identity, designed for decentralised and trust-minimised environments. The main idea of the iden3 protocol is that each identity is self-soverign and can issue claims on another identity. The iden3 protocol is based on circuits which is the backbone of the protocol. iden3 Circom Semaphore consists of a smart contract and zero-knowledge proof components which work in tandem. The on-chain proof verification and identity state is maintained and handled by smart contract. The zero-knowledge components work off-chain to create identities, manage groups and generate proofs. Semaphore Conclusion The above discussion would have established a curiosity and a fundamental understanding of zero knowledge proofs and related tools and platforms built over it. Find me on following socials, I would love to hear from you! LinkedIn : https://www.linkedin.com/in/rishikeshkale Twitter : Rishikesh Kale (@0xrishikesh) / Twitter Also published here.

An Intro to Zero-Knowledge Proofs (ZKP) and Identity

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Expertise Delivered Frontend, Backend & QA Industry Food and Beverage The Client Ann’s Boba Tea is an American bubble tea franchise (also known as Pearl Milk Tea or Boba Milk Tea). It was founded in 2010 and has over 350+ locations across the US. The tea is brewed at the perfect temperature with milk, fresh ingredients, and a unique recipe and presented innovatively. Customers can earn rewards for each order placed and redeem reward points against future orders. Disclaimer— The name Ann’s Boba Tea is a placeholder, as both parties have signed an NDA. Disclaimer— The Challenge Ann’s in-store and online ordering applications were created using LevelUp (a customer engagement and mobile payment platform) as the backend. However, LevelUp was being discontinued, so our client needed to transition its existing user data and ordering system to Paytronix (a cloud-based customer experience management platform for restaurants and convenience stores). Here are the top 6 challenges faced while implementing this transition. 1. Store Information: 1. Store Information: Paytronix, the newer platform, failed to provide detailed store-related information compared to the older tool’s backend. To maintain consistency with the user experience, regardless of the transition, we had to find a way to ensure users continued to receive the same amount and quality of detailed information. 2. User Experience: 2. User Experience: A crucial challenge was ensuring that all features on Paytronix functioned precisely as they did with LevelUp, especially the in-store and online ordering systems, which primarily accounted for the user experience (for employees and customers). 3. Credit Card Management: 3. Credit Card Management: Adding a credit card to a wallet and auto-recharge were important payment features included with LevelUp. Therefore, we had to find ways to replicate them with Paytronix. 4. Customizing Orders: 4. Customizing Orders: LevelUp offered ample options to customize an order by allowing customers to choose from different toppings like Tapioca, Pudding, Nata Jelly, Red Beans, and more. This same functionality was complex to include with Paytronix. 5. Paytronix Migration: 5. Paytronix Migration: One of the biggest challenges was understanding Paytronix's operational landscape. To migrate successfully, we needed to understand the different Paytronix APIs and code bases. Only then could we match the behavior of features/functionalities offered by LevelUp. 6. Time-Constraints: 6. Time-Constraints: As LevelUp was getting discontinued by a particular date, adhering to a strict timeline was imperative. Why Maruti Techlabs? Ann’s Boba Tea chose Maruti Techlabs as their partner due to our extensive experience developing and implementing innovative IT solutions, precise understanding of their problem, and detailed migration strategy. Our experts presented the potential challenges and proposed solutions to ensure a seamless transition. Furthermore, we time-boxed tasks and delivered on our committed timeline to conclude the entire migration before sunsetting the previous platform. This offered us ample time to conduct numerous tests on the new platform. Our technical prowess, reliable governance, and timely communication impressed our client the most. What made us an ideal partner was our commitment to delivering on time and within budget following a transparent process. Solution Ann’s in-store and mobile apps are operated via the same backend platform, LevelUp. Therefore, not switching would have caused significant disruptions with our client’s services, tainted their brand’s reputation, and incurred substantial monetary losses. Here’s how we approached the switch to Paytronix. We commenced with ‘Sprint Zero,’ a planning phase, before beginning active development. In this phase, we allotted two programmers to work on the same code (AKA pair programming) to gain clarity on the app’s original code, structure, and how it functioned. The programmers also reviewed different Paytronix APIs to help ease this transition. This approach helped us maneuver migration challenges. After a thorough analysis, we decided on a two-part solution and proposed working parallelly on both to meet the deadline. Phase 1: Firstly, we integrated the Paytronix online ordering website within the app to keep the online ordering experience intact. Phase 1: If developing the native application proves challenging and time-consuming, our client could deploy this solution to avoid downtime and disruptions. Phase 2: We parallelly created a replica of the app leveraging the Paytronix API for in-store and online ordering. This approach was more straightforward but required more development time. Phase 2: Using Paytronix, we created features like: User Onboarding (account creation)


Authentication


Online Payment


Restaurant Listing


Order Customization


Menu Categorization


Calculating & Redeeming Loyalty Points


Adding Tips


Tracking Orders via GPS User Onboarding (account creation) User Onboarding (account creation) Authentication Authentication Online Payment Online Payment Restaurant Listing Restaurant Listing Order Customization Order Customization Menu Categorization Menu Categorization Calculating & Redeeming Loyalty Points Calculating & Redeeming Loyalty Points Adding Tips Adding Tips Tracking Orders via GPS Tracking Orders via GPS The timely backend switch to Paytronix prevented service downtime and sales reductions. Ann’s Boba Tea continued to offer its services as it had earlier without causing any inconvenience to its customers or compromising its sales or reputation. Communication and Collaboration To deliver the project on schedule, we deployed a five-member team of 3 React Native developers, 1 QA engineer, and 1 Technical Project manager. Our primary source of communication was the Technical Lead at Ann’s Boba Tea. React Native developers, The project's total timeline was 3.5 months. Every Tuesday, we conducted a weekly call to discuss the progress, doubts, and other updates. Here are the platforms we used for communication. Slack: Daily Communication
Jira: Project Management
Zoom: Weekly Calls
Google Meet: Unplanned Calls Slack: Daily Communication Jira: Project Management Zoom: Weekly Calls Google Meet: Unplanned Calls Technology Stack Result Making this timely transition to Paytronix resulted in significant improvements and service perks. Here’s a brief list of these enhancements. Our timely completion of the platform (before its current backend platform sunsetted) resulted in no downtime in the online ordering services.


We facilitated a seamless transition to the new platform, ensuring no disruptions to the user experience.


The exquisite app experience significantly boosted its ratings on the App Store (4.7).


Our experts added extra layers to protect the data and enhance the app’s security.


The transition enhanced the app’s performance and reduced app glitches and crashes.


We designed a futuristic app that could adapt to new technological developments. Our timely completion of the platform (before its current backend platform sunsetted) resulted in no downtime in the online ordering services. Our timely completion of the platform (before its current backend platform sunsetted) resulted in no downtime in the online ordering services. We facilitated a seamless transition to the new platform, ensuring no disruptions to the user experience. We facilitated a seamless transition to the new platform, ensuring no disruptions to the user experience. The exquisite app experience significantly boosted its ratings on the App Store (4.7). The exquisite app experience significantly boosted its ratings on the App Store (4.7). Our experts added extra layers to protect the data and enhance the app’s security. Our experts added extra layers to protect the data and enhance the app’s security. The transition enhanced the app’s performance and reduced app glitches and crashes. The transition enhanced the app’s performance and reduced app glitches and crashes. We designed a futuristic app that could adapt to new technological developments. We designed a futuristic app that could adapt to new technological developments. Maruti Techlabs helped plan and execute the transition of the backend platform. This timely switch allowed Ann’s Boba Tea to offer continual services without disrupting their online and physical store services. If you, too, face such a situation and cannot decide on the next step, contact us today and let our experts devise the perfect strategy for your next tech upgrade. transition of the backend platform Our Development Process We follow Agile, Lean, & DevOps best practices to create a superior prototype that brings your users’ ideas to fruition through collaboration & rapid execution. Our top priority is quick reaction time & accessibility. We really want to be your extended team, so apart from the regular meetings, you can be sure that each of our team members is one phone call, email, or message away.

Facilitating a Seamless Backend Transition From LevelUp to Paytronix

Садзейнічанне плыўнаму бэкэнд-пераходу ад LevelUp да Paytronix

Улесняване на безпроблемен бекенд преход от LevelUp към Paytronix

লেভেলআপ থেকে পেট্রোনিক্সে একটি নির্বিঘ্ন ব্যাকএন্ড ট্রানজিশনের সুবিধা প্রদান

Usnadnění bezproblémového přechodu backendu z LevelUp na Paytronix

Facilitando una transición fluida del backend de LevelUp a Paytronix

LevelUp から Paytronix へのシームレスなバックエンド移行を促進

LevelUpдан Paytronixке үзгүлтүксүз өтүүнү жеңилдетүү

Ko faciliter Transition ya Backend sans soudure De LevelUp ti na Paytronix

Олеснување на беспрекорна транзиција на задниот дел од LevelUp до Paytronix

लेभलअपबाट पेट्रोनिक्समा निर्बाध ब्याकएन्ड ट्रान्जिसनलाई सहज बनाउँदै

LevelUp සිට Paytronix දක්වා බාධාවකින් තොරව පසුබිම් සංක්‍රාන්තියක් සඳහා පහසුකම් සැලසීම

Uľahčenie bezproblémového prechodu backendu z LevelUp na Paytronix

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