Hashgraph unveils IDTrust to challenge Worldcoin and Microsoft

The Hashgraph Group has launched IDTrust, a self-sovereign identity platform built on Hedera, enabling users full control over their data. CEO Stefan Deiss emphasizes that IDTrust’s use of the Hedera Consensus Service provides a unique advantage by avoiding excessive data storage demands.

Switzerland’s focus on a national digital identity aligns with IDTrust’s capabilities. The platform is designed to incorporate Swiss e-ID standards, allowing users to manage Swiss Verifiable Credentials for various applications, enhancing its appeal to enterprises and government entities.

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