Cambridge Blockchain and LuxTrust team up to launch IDKEEP, the all new privacy-protecting European identity platform for digital service providers.
Ever since its inception in 2015, Cambridge Blockchain has led the way as a pioneer in digital identity enterprise software. The startup, headquartered in Cambridge, Massachusetts, has built distributed architecture that resolves the competing challenges of privacy within the context of increasingly stricter data privacy rules such as the European Data Protection Regulation (GDPR).
Today, they announced, alongside LuxTrust, a leading Digital Trust Services Provider in Luxembourg, that they are in the private beta-testing phase for the all privacy-protecting European identity platform, IDKEEP.
The new project is designed to resolve identity and personal-data related challenges that face almost all digital service providers like banks and financial services. IDKEEP looks to be the first real step towards the control over and ownership of data. The platform allows these providers to effectively manage consent as per GDPR and privacy rules and regulations. What’s more, they have launched an integrated marketplace for data validators, allowing them to leverage a large customer base and re-use expensive data validation.
This new platform is yet another example of the pioneering potential that led us to initially invest in Cambridge Blockchain. With this latest milestone towards the resolution of digital identity challenges, we’re very excited to see how this partnership develops.
For more information about this news, we caught up with Cambridge Blockchain’s CEO, Matthew Commons, at the Partech Shaker. Why not have a watch?