{"id":747004,"date":"2023-04-12T08:35:02","date_gmt":"2023-04-12T12:35:02","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/trust-stamp-announces-notice-of-allowance-for-three-new-u-s-patent-related-to-its-artificial-intelligence-ai-based-biometric-authentication-technology\/"},"modified":"2023-04-12T08:35:02","modified_gmt":"2023-04-12T12:35:02","slug":"trust-stamp-announces-notice-of-allowance-for-three-new-u-s-patent-related-to-its-artificial-intelligence-ai-based-biometric-authentication-technology","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/trust-stamp-announces-notice-of-allowance-for-three-new-u-s-patent-related-to-its-artificial-intelligence-ai-based-biometric-authentication-technology\/","title":{"rendered":"Trust Stamp Announces Notice of Allowance for Three New U.S Patent  Related to its Artificial Intelligence (AI) Based Biometric Authentication Technology"},"content":{"rendered":"<div class=\"mw_release\">\n<p>ATLANTA, April  12, 2023  (GLOBE NEWSWIRE) &#8212; Trust Stamp (Nasdaq: IDAI), the Privacy-First Identity Company <sup>TM<\/sup> providing artificial intelligence (AI)-powered trust and identity services used globally across multiple sectors, announces that it has received Notices of Allowance for an additional three patent applications from the United States Patent Office. \u00a0<\/p>\n<p>Patent application No. 17\/109,693 directly builds on prior patents related to Trust Stamp\u2019s innovative processes for irreversibly transforming biometric and other identity data into an irreversibly transformed identity token or \u201cIT\u00b2.\u201d\u00a0 Trust Stamp believes this technology provides an unparalleled level of data protection, while improving the efficiency and expanding the utility of legacy identity systems. Patent application 17\/966,355 expands the range of use cases for the IT<sup>2 <\/sup>into NFT\u2019s and the Metaverse by verifying the ownership of cryptographic asset contracts using embedded IT<sup>2<\/sup> technology, while patent application No. 17\/401,508 introduces a new authentication methodology utilizing evidence of control of third-party accounts.<\/p>\n<p>Trust Stamp CEO Gareth N. Genner comments: \u201cOver the last seven years we have invested heavily in research and development, and the creation of intellectual property, and our extensive patent portfolio is the first fruit of those investments. Following our transition to our low-code SaaS Orchestration Layer in 2022, we are focused this year on the monetization of our technology via SaaS sales to government and the private sector, both direct and through channel partners, and we believe that our unique proprietary technology positions us well in that regard.\u201d<\/p>\n<p>\u201cWe already had fourteen issued patents before these three allowances, and we have an additional 16 patent applications pending in addition to the three recently allowed. We&#8217;re proud to be at the forefront of using AI for these types of applications and these patents evidence our continuing commitment to a privacy first approach. Our innovative technology can be implemented \u2018on the edge,\u2019 meaning that it can operate on devices that may not have internet or other ways to access server resources powering the creation of privacy-first applications where the user\u2019s biometrics never leave their own device, as well as use in remote locations that do not have Internet or other data services available to the user.\u201d\u00a0<\/p>\n<p>Trust Stamp believes its privacy-first technology is unique in that it replaces the storage and use of biometric templates with an irreversibly transformed identity token (IT)\u00b2 generated by a neural network. The AI processes used include image segmentation utilizing deep learning. The use of AI allows Trust Stamp to provide users with the benefits of biometric-derived authentication without losing control of or sharing their original biometric data.\u00a0The (IT)\u00b2 cannot be reverse-transformed to recover the original data and thus offers a privacy-protecting methodology to enjoy the benefits of biometric-based authentication without the dangers of storing biometric templates.\u00a0<\/p>\n<p>\n        <strong>About Trust Stamp<\/strong>\n      <\/p>\n<p>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=83tS-NzTCKJHGht-53t2h3cqxg3oarCiw9tt56mwWa2pmwHIrnQaycKKmbNNo7HjR34HNDi6zfHl1wkfzXfbYg==\" rel=\"nofollow noopener\" target=\"_blank\">Trust Stamp<\/a> the Privacy-First Identity Company<sup>TM<\/sup>, is a global provider of AI-powered identity services for use in multiple sectors including banking and finance, regulatory compliance, government, real estate, communications, and humanitarian services. Its technology empowers organizations with advanced biometric identity solutions that reduce fraud, protect personal data privacy, increase operational efficiency, and reach a broader base of users worldwide through its unique data transformation and comparison capabilities.\u00a0<\/p>\n<p>Located in nine countries across North America, Europe, Asia, and Africa, Trust Stamp trades on the Nasdaq Capital Market (Nasdaq: IDAI). The company was founded in 2016 by Gareth Genner and Andrew Gowasack.<\/p>\n<p>\n        <strong>Safe Harbor Statement: Caution Concerning Forward-Looking Remarks\u00a0<\/strong>\n      <\/p>\n<p>All statements in this release that are not based on historical fact are \u201cforward-looking statements\u201d including within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.\u00a0The information in this announcement may contain forward-looking statements and information related to, among other things, the company, its business plan and strategy, and its industry. These statements reflect management\u2019s current views with respect to future events-based information currently available and are subject to risks and uncertainties that could cause the company\u2019s actual results to differ materially from those contained in the forward-looking statements. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. The company does not undertake any obligation to revise or update these forward-looking statements to reflect events or circumstances after such date or to reflect the occurrence of unanticipated events<em>.\u00a0<\/em><\/p>\n<p>\n        <strong>Inquiries<\/strong>\n      <\/p>\n<p>\n        <strong>Trust Stamp <br \/><\/strong>Gareth Genner, CEO<strong><br \/>Email:\u00a0<\/strong><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=0yurKK2umDfymf1ugvuXX1jW8YpuMaWQbze_pgHywQcmOXsGcyPDZ9gbDzcNy4Rdt4tRRQrdxQey0xfu9ZnS64SmmvSVFMJSHWaY7s7YyAMW8B74CbhWb403Z0b-OUj3\" rel=\"nofollow noopener\" target=\"_blank\">Shareholders@truststamp.ai<\/a><\/p>\n<p>\n        <br \/>\n        <strong>Investor Relations<\/strong><br \/>\n        <br \/>Crescendo Communications, LLC<br \/><strong>Tel<\/strong>:\u00a0+1 212-671-1020<br \/><strong>Email<\/strong>: idai@crescendo-ir.com<\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgwNTgyMyM1NTIwNjg5IzIyNTkwNjk=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/MjcwMmRiMWUtMzc1MC00ZDYxLWEwMTQtOTU0MGM1ZDhhMjBjLTEyNzA2MTk=\/tiny\/Trust-Stamp-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>ATLANTA, April 12, 2023 (GLOBE NEWSWIRE) &#8212; Trust Stamp (Nasdaq: IDAI), the Privacy-First Identity Company TM providing artificial intelligence (AI)-powered trust and identity services used globally across multiple sectors, announces that it has received Notices of Allowance for an additional three patent applications from the United States Patent Office. \u00a0 Patent application No. 17\/109,693 directly builds on prior patents related to Trust Stamp\u2019s innovative processes for irreversibly transforming biometric and other identity data into an irreversibly transformed identity token or \u201cIT\u00b2.\u201d\u00a0 Trust Stamp believes this technology provides an unparalleled level of data protection, while improving the efficiency and expanding the utility of legacy identity systems. Patent application 17\/966,355 expands the range of use cases for the IT2 into NFT\u2019s and &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/trust-stamp-announces-notice-of-allowance-for-three-new-u-s-patent-related-to-its-artificial-intelligence-ai-based-biometric-authentication-technology\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Trust Stamp Announces Notice of Allowance for Three New U.S Patent  Related to its Artificial Intelligence (AI) Based Biometric Authentication Technology&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-747004","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Trust Stamp Announces Notice of Allowance for Three New U.S Patent Related to its Artificial Intelligence (AI) Based Biometric Authentication Technology - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/trust-stamp-announces-notice-of-allowance-for-three-new-u-s-patent-related-to-its-artificial-intelligence-ai-based-biometric-authentication-technology\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trust Stamp Announces Notice of Allowance for Three New U.S Patent Related to its Artificial Intelligence (AI) Based Biometric Authentication Technology - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"ATLANTA, April 12, 2023 (GLOBE NEWSWIRE) &#8212; Trust Stamp (Nasdaq: IDAI), the Privacy-First Identity Company TM providing artificial intelligence (AI)-powered trust and identity services used globally across multiple sectors, announces that it has received Notices of Allowance for an additional three patent applications from the United States Patent Office. \u00a0 Patent application No. 17\/109,693 directly builds on prior patents related to Trust Stamp\u2019s innovative processes for irreversibly transforming biometric and other identity data into an irreversibly transformed identity token or \u201cIT\u00b2.\u201d\u00a0 Trust Stamp believes this technology provides an unparalleled level of data protection, while improving the efficiency and expanding the utility of legacy identity systems. Patent application 17\/966,355 expands the range of use cases for the IT2 into NFT\u2019s and &hellip; Continue reading &quot;Trust Stamp Announces Notice of Allowance for Three New U.S Patent Related to its Artificial Intelligence (AI) Based Biometric Authentication Technology&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/trust-stamp-announces-notice-of-allowance-for-three-new-u-s-patent-related-to-its-artificial-intelligence-ai-based-biometric-authentication-technology\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-12T12:35:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgwNTgyMyM1NTIwNjg5IzIyNTkwNjk=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/trust-stamp-announces-notice-of-allowance-for-three-new-u-s-patent-related-to-its-artificial-intelligence-ai-based-biometric-authentication-technology\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/trust-stamp-announces-notice-of-allowance-for-three-new-u-s-patent-related-to-its-artificial-intelligence-ai-based-biometric-authentication-technology\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Trust Stamp Announces Notice of Allowance for Three New U.S Patent Related to its Artificial Intelligence (AI) Based Biometric Authentication Technology\",\"datePublished\":\"2023-04-12T12:35:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/trust-stamp-announces-notice-of-allowance-for-three-new-u-s-patent-related-to-its-artificial-intelligence-ai-based-biometric-authentication-technology\\\/\"},\"wordCount\":773,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/trust-stamp-announces-notice-of-allowance-for-three-new-u-s-patent-related-to-its-artificial-intelligence-ai-based-biometric-authentication-technology\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODgwNTgyMyM1NTIwNjg5IzIyNTkwNjk=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/trust-stamp-announces-notice-of-allowance-for-three-new-u-s-patent-related-to-its-artificial-intelligence-ai-based-biometric-authentication-technology\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/trust-stamp-announces-notice-of-allowance-for-three-new-u-s-patent-related-to-its-artificial-intelligence-ai-based-biometric-authentication-technology\\\/\",\"name\":\"Trust Stamp Announces Notice of Allowance for Three New U.S Patent Related to its Artificial Intelligence (AI) Based Biometric Authentication Technology - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/trust-stamp-announces-notice-of-allowance-for-three-new-u-s-patent-related-to-its-artificial-intelligence-ai-based-biometric-authentication-technology\/","og_locale":"en_US","og_type":"article","og_title":"Trust Stamp Announces Notice of Allowance for Three New U.S Patent Related to its Artificial Intelligence (AI) Based Biometric Authentication Technology - Market Newsdesk","og_description":"ATLANTA, April 12, 2023 (GLOBE NEWSWIRE) &#8212; Trust Stamp (Nasdaq: IDAI), the Privacy-First Identity Company TM providing artificial intelligence (AI)-powered trust and identity services used globally across multiple sectors, announces that it has received Notices of Allowance for an additional three patent applications from the United States Patent Office. \u00a0 Patent application No. 17\/109,693 directly builds on prior patents related to Trust Stamp\u2019s innovative processes for irreversibly transforming biometric and other identity data into an irreversibly transformed identity token or \u201cIT\u00b2.\u201d\u00a0 Trust Stamp believes this technology provides an unparalleled level of data protection, while improving the efficiency and expanding the utility of legacy identity systems. Patent application 17\/966,355 expands the range of use cases for the IT2 into NFT\u2019s and &hellip; Continue reading \"Trust Stamp Announces Notice of Allowance for Three New U.S Patent Related to its Artificial Intelligence (AI) Based Biometric Authentication Technology\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/trust-stamp-announces-notice-of-allowance-for-three-new-u-s-patent-related-to-its-artificial-intelligence-ai-based-biometric-authentication-technology\/","og_site_name":"Market Newsdesk","article_published_time":"2023-04-12T12:35:02+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgwNTgyMyM1NTIwNjg5IzIyNTkwNjk=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/trust-stamp-announces-notice-of-allowance-for-three-new-u-s-patent-related-to-its-artificial-intelligence-ai-based-biometric-authentication-technology\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/trust-stamp-announces-notice-of-allowance-for-three-new-u-s-patent-related-to-its-artificial-intelligence-ai-based-biometric-authentication-technology\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Trust Stamp Announces Notice of Allowance for Three New U.S Patent Related to its Artificial Intelligence (AI) Based Biometric Authentication Technology","datePublished":"2023-04-12T12:35:02+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/trust-stamp-announces-notice-of-allowance-for-three-new-u-s-patent-related-to-its-artificial-intelligence-ai-based-biometric-authentication-technology\/"},"wordCount":773,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/trust-stamp-announces-notice-of-allowance-for-three-new-u-s-patent-related-to-its-artificial-intelligence-ai-based-biometric-authentication-technology\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgwNTgyMyM1NTIwNjg5IzIyNTkwNjk=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/trust-stamp-announces-notice-of-allowance-for-three-new-u-s-patent-related-to-its-artificial-intelligence-ai-based-biometric-authentication-technology\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/trust-stamp-announces-notice-of-allowance-for-three-new-u-s-patent-related-to-its-artificial-intelligence-ai-based-biometric-authentication-technology\/","name":"Trust Stamp Announces Notice of Allowance for Three New U.S Patent Related to its Artificial Intelligence (AI) Based Biometric Authentication Technology - 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