Today cybersecurity firm Avast which has 435 million users, announced it acquired Canadian blockchain identity provider SecureKey. Just four months ago, Avast bought self-sovereign identity provider Evernym. The two identity startups share some elements of common technology. While terms of the deal were not announced, it plans to close the SecureKey transaction this April.
In 2019 SecureKey launched Verified.me in Canada with most of the country’s biggest banks, CIBC, Desjardins, RBC, Scotiabank, TD and others. The objective of Verified.me is to speed up identity checks. If you already have identity credentials with a bank, and someone else wants to confirm who you are, you simply authorize the bank to verify your identity.
Additionally, it rolled out Government Sign-In by Verified.Me for online services. Last October SecureKey sold the exclusive rights to use its intellectual property in Canada to Interac Corp. SecureKey’s solution processes 200 million digital ID transactions annually.
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