![]() Giving the user control over their personal data is a critical part of rebuilding trust in digital services, and will enable growth in areas as diverse as online commerce, gig economy, travel, healthcare, and banking and finance, among other applications.Ĭharles Walton, SVP and General Manager Identity, Avast, said, “Our identity vision is for a truly inclusive, global digital society. This protects their data from being monetized by third parties, compromised in a breach, or abused for analytics. ![]() ![]() In a self-sovereign or decentralized identity model, the individual retains all of their data and chooses what data they consent to share in any transaction and who they share it with, removing the need for passwords, individual accounts, and other traditional tools which are vulnerable to being hacked, phished, and intercepted. Adding Evernym’s groundbreaking self-sovereign identity technology to our offering enables us to address this area and is a huge step forward in the realization of a digital world where decentralized, portable identities are available universally and globally.” Decentralized digital identities are a key component of that vision. Our vision for digital freedom is to enable people to manage and retain control over their personal data so that they can interact and transact safely, privately and with confidence. The result is that identity theft, online fraud and account takeovers are growing rapidly, as does mass-scale digital tracking and surveillance. Over 60% of the world’s population has internet access today yet we don’t have adequate provisions in place for these people to prove who they are online. Ondrej Vlcek, CEO Avast, said, “Consumer trust in the online world has been critically compromised. Awarded ‘Technology Pioneer 2021’ by the World Economic Forum, Evernym is already embedded in industries such as travel and finance where Evernym’s technology is at the heart of the IATA (International Air Transport Association) Travel Pass, and also powers Bonifi’s ‘MemberPass’ solution for community financial institutions. This work has enabled the development of innovative products and services based on decentralized digital credentials, leading to a more trustworthy online experience.Įvernym’s groundbreaking approach to digital identity provides consumers with autonomy over their online presence by keeping their personal information with them and out of centralized databases. The US company was instrumental to the invention of self-sovereign identity, with leading contributions from their Chief Trust Officer, Drummond Reed, and others in the company working within the industry standards community. Prague, Czech Republic, DecemAvast (LSE:AVST), a global leader in digital security and privacy, today announced the acquisition of Evernym.
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