T Stamp (US:IDAI) Newsfilter·2024-07-18 13:30Strategic Alliance - Trust Stamp has entered into a non-binding Letter of Intent with Qenta Inc for a strategic alliance to serve a global federated network including crypto, bank, and other financial services companies [1] - The alliance aims to combine Trust Stamp's proprietary technology for secure, tokenized identity services with Qenta's interlocking products and services, including the QOS blockchain, to bridge the gap between legacy financial rails and the new digital and tokenized economy [2] - The strategic alliance brings together two innovative companies with complementary technologies to shape the future of identity and data management, enhancing capabilities for innovative and regulatory-compliant AI-powered solutions addressing data controls, privacy, secure content transfer, and payments [6] Market Opportunity - The global movement from physical to digital transactions is estimated to result in $16 Trillion in annualized digital transactions by 2030, with service revenue from tokenization predicted to grow from $2.81 Billion in 2023 to $13.2 Billion by 2032 [5] - Trust Stamp is well positioned to play a significant role in the fast-growing digital transaction market, given that twenty of its issued patents and nine pending patents are directly related to tokenization of identity and data [2] Company Overview - Trust Stamp is a global provider of AI-powered identity and tokenization services for use in multiple sectors, including banking and finance, regulatory compliance, government, real estate, communications, and humanitarian services [6] - The company's technology empowers organizations with advanced 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 [6] - Trust Stamp trades on the Nasdaq Capital Market (Nasdaq: IDAI) and is located across North America, Europe, Asia, and Africa [3]