tl;dr
Melbourne-based ShareRing is set to test its digital identity technology for the Australian government's US$4 million verification trials aimed at enforcing social media restrictions for underage users. The blockchain firm will pilot its self-sovereign identity platform with school students in Darwi...
Melbourne-based ShareRing is gearing up to pilot its self-sovereign identity platform for the Australian government's social media age verification trials. The blockchain firm's technology aims to address privacy concerns and data breach risks while enabling instant, trustless verification. ShareRing's reusable digital IDs provide a privacy-first approach for age verification without the need to upload personal documents, leveraging the Cosmos SDK and Tendermint consensus mechanism.
ShareRing has notably obtained accreditation under the UK's Digital Identities and Attributes Trust Framework and has joined the Select ID network for financial services. In Australia, the Age Check Certification Scheme (ACCS) will lead the trials for social media restrictions, evaluating age verification technologies before their full implementation.
ShareRing's self-sovereign identity platform will be tested with school students in Darwin, offering safe and secure age verification while empowering individuals to retain control over their personal data. The technology is designed to eliminate repetitive verification, provide immediate trustless verification, and prioritize privacy, with the aim of mitigating the risks of ID theft in government databases.
The company's blockchain-based tech, built on the Cosmos SDK, allows for the creation of custom blockchains to screen age-inappropriate content on social media platforms without compromising personal information. ShareRing has also secured accreditation in the UK and joined the Reusable Digital ID Network, positioning itself at the forefront of digital identity technology.
As the trials in Australia progress, the ACCS will rigorously assess age verification technologies before the social media restrictions are enforced, showcasing the pivotal role of blockchain-based solutions in addressing real-world challenges related to identity and privacy. ShareRing's participation in these trials underscores the growing importance of self-sovereign digital identity in the evolving landscape of online interactions.