the real one!
We don't know how much fraud is baked into the system, but experts tell us this is a crisis. Today multiple people may present your "official" birth certificate to comply with the REAL ID Act of 2005. The new hurdle is verifying that you own it!
To re-set the foundation for trust, WAULT by Wymsical is uniting local communities to authenticate, empower, and instantly verify a certified credential and control of the owner is tamper-free. Local "Anchor Institution" Members authenticate new "Owner" Members, starting a "chain of credentials" to build a Wymsical Trust Score.
This model is a hybrid of the self-sovereign and community identity models, in which certified credentials in an "Owner" WAULT maintain a "live" connection with the certifying issuer to verify validity and owner "chain of control" in real time, as discussed in the comment on the Wall Street Journal article, "Digital Identity is Broken. Here's a way to fix it." by Alex "Sandy" Pentland and Thomas Hardjono, MIT
The Wymsical Team won first prize at an Israeli Fintech Hackathon by using the WAULT Member Network to privately connect to verify credentials for a mortgage application. Cloud partner Microsoft AZURE has provided development support and security validation. With a patent-pending, de-centralized process for verifying that your unique credential and ownership are tamper-free, issuers may trust you to protect and control your information. Third parties may instantly verify your credential and that you are the rightful owner, unlocking new value by on-boarding customers more quickly and separating real data from fake. Join us on the WAULT Member Network.
We are a women-run company and a growing member community that values a future when trust is re-set.