T Stamp (US:IDAI) Globenewswire·2025-09-29 13:45Core Insights - Trust Stamp has introduced its proprietary biometric-binding technology to address the failures of current age-verification laws, which are struggling under real-world pressures [1][3] - The UK's Online Safety Act has proven ineffective shortly after its enforcement, indicating a broader compliance crisis looming for similar legislation in the United States [2][5] Company Overview - Trust Stamp's President, Andrew Gowasack, highlighted the inadequacies of existing age verification systems, emphasizing that they are based on flawed premises and are easily circumvented [3][5] - The company offers a solution called TrustedAge™, which utilizes biometric keys to ensure that age verification is secure and non-transferable, addressing the vulnerabilities of traditional methods [4][5] Market Potential - The age verification software market is projected to grow significantly, with revenues expected to increase from $1.45 billion in 2024 to $5.12 billion by 2033, indicating a strong demand for effective solutions [3] - Trust Stamp's technology has been recognized in a paper accepted for presentation at the IEEE-sponsored BIOSIG 2025 conference, showcasing its innovative approach [5] Technological Innovation - Trust Stamp's approach combines Zero Knowledge Proofs with Biometric Bound Credentials, allowing organizations to verify age and presence without exposing sensitive biometric data [6] - The technology has been tested in a case study in Australia, demonstrating its effectiveness in age assurance with a Mean Predicted Age of 18.2 compared to a Mean Actual Age of 17.81 [5] Industry Challenges - The surge in VPN usage has exposed critical flaws in current age verification systems, leading to a public rejection of their viability [3][5] - Companies in the U.S. are facing potential fines of up to $10,000 per incident due to non-compliance with emerging age verification laws, highlighting the urgency for effective solutions [5]