Harrison Tang’s Post

Timothy Ruff and GLEIF CEO Stephan Wolf delve into the importance of second-gen verifiable credentials and their link with Legal Entity Identifiers (LEIs).   LEIs, unique identifiers for legal entities, could be integrated into credentials, boosting trust, verification, and cross-industry cohesion. This move aims to cut fraud and enhance digital credential credibility.   The piece also covers technical aspects and the role of LEIs in shaping the future of digital identity and credential verification.   #LEI #VerifiableCredentials #vLEI #Digital #Identity

New blog post today from Manish Ahluwalia & Skyflow on the limitations of vaultless tokenization, and how to migrate to a zero-trust vault without slowing down or impacting your business. #dataprivacy #zerotrust

🔑 The Magic of Token Creation: Transforming Data into Secure Tokens. Ever wondered how tokens are created in the tokenization process? Unlike encryption, which relies on keys to modify original data, tokenization takes a different approach. Data is extracted entirely from your organization's systems, replaced with randomly generated tokens. These tokens, while nonsensitive, retain operational functionality within your organization. The sensitive information? It's securely stored outside your environment. Imagine the peace of mind knowing that even if a breach occurs, only these nonsensitive tokens are exposed—not the original data. Tokenization is a powerful method for safeguarding sensitive information. Learn more: https://lnkd.in/gzDK9bbM #Tokenization DataProtection #SecurityTechnology

Recent EU legislation represents a paradigm shift in recognizing the benefits and applicability of #Web3 #DitialIdentity solutions to a complex legacy system economy. In an op-ed for Nasdaq, Merav Ozair, PhD explores what shift this could mean for the future of similar legislation in the U.S.:

Cracking the Code: A Comprehensive Guide to Data Encryption Algorithms In the age of digital revolution, data is the new currency. And like any other valuable asset, it needs to be protected. Data encryption is the process of converting data into a format that is unreadable to unauthorized individuals. It is an essential security measure for protecting sensitive data, such as financial information, personal data, and intellectual property. Imagine a world where our most confidential data is at the mercy of hackers and cybercriminals. A world where our credit card numbers, bank account details, and personal photos can be accessed by anyone with a computer. This is the world without data encryption. Data encryption algorithms are like the guardians of our data. They use complex mathematical operations to scramble our data, making it unreadable to anyone who does not have the decryption key. This way, even if our data is intercepted by unauthorized individuals, it will be useless to them. For more information on different types of Data Encryption Algorithms read the complete blog here: https://lnkd.in/dAxGF277 This article is from #cosinesix #dataencryption #aes #encrypt #decrypt #dataprotection #dataprivacy #data #datasafeguard #cryptography

As government's security and justice sectors incorporate state-of-the-art data technologies, the landscape of law, order, and justice will undergo a profound transformation. 🌎 Until recently, the most groundbreaking data technologies have been unattainable for the majority of security and justice agencies. However, in 2024, that is poised to change, ushering in a realm of fresh opportunities – and new discussions. 🤔 What lies ahead in the upcoming year? Find out in our new blog 👉 https://bit.ly/49xyYXZ #publicsecuritytrends #publicsector #2024trends

Encryption and tokenization are key to protecting cloud-based data. Today, financial service providers can safely guard the sensitive elements of their customers’ data and leverage powerful new cloud-based solutions and AI- applications to propel their business forward. Check out this blog we cowrote with Discai to learn how! https://okt.to/BvDqjt

🔏 Digital Signatures: Making sure you can't deny it later! 📝 Digital signatures provide non-repudiation by ensuring that once a sender has signed a piece of data, they cannot later deny having signed it. This assurance is achieved through a combination of cryptographic techniques, public key infrastructure, and the inherent properties of asymmetric cryptographic algorithms. Here's how non-repudiation is established using digital signatures: 🔑 Unique Key Pair: In asymmetric cryptography, each user has a pair of keys: a private key and a public key. The private key remains confidential and is never shared, while the public key is shared openly. ✍️ Signing Process: When a sender wants to digitally sign a message, they create a hash (digest) of the message and then encrypt this hash using their private key. This encrypted hash becomes the digital signature. 🔍 Verification Process: The receiver, upon getting the signed message, will use the sender's public key to decrypt the digital signature, revealing the original hash. The receiver then hashes the received message themselves, using the same hashing algorithm as the sender to ensure consistency and accuracy in the verification process. If the two hashes match, it confirms the integrity and origin of the message, and the signature is verified. 🚫 Non-denial: Since only the owner of the private key could have created that unique digital signature, they cannot later deny having signed the message. If they try to repudiate, anyone can use the public key to demonstrate that the message was indeed signed by the corresponding private key. ⏲️ Timestamping and Certificates: Adding a timestamp from a trusted timestamping authority can further cement non-repudiation by proving when the document was signed. Digital certificates issued by a Certificate Authority (CA) bind a public key to a person or entity, further validating the identity of the signer and reinforcing non-repudiation. 📜 Legal and Regulatory Framework: In many jurisdictions, digital signatures have legal significance, further deterring repudiation. Laws and regulations may treat a digital signature as equivalent to a handwritten signature. 💡 In essence, the non-repudiation property provided by digital signatures ensures accountability and trust in digital communications, making it difficult for a signing party to deny the authenticity of their signature. #digitalsignature #hashing #cryptography ⬇️ Image by macrovector on Freepik

#TStamp Inc (NASDAQ:IDAI, EURONEXT:AIID), dba as Trust Stamp , announced that it has entered into a partnership with Partisia, a global pioneer and leader in commercial-grade infrastructure for privacy-preserving Secure Multiparty Computation (MPC) software solutions, to launch GlobalSecure.  The AI-powered trust and identity services provider said GlobalSecure will play a vital role in safeguarding data confidentiality and facilitating the free flow of information, which is especially crucial for businesses expanding into regions with inadequate data protection regulations, limited cloud infrastructure, and strict data localization laws.  More at #Proactive #ProactiveInvestors #NASDAQ #EURONEXT #IDAI #AIID http://ow.ly/OJqq10562pe

Encryption and tokenization are key to protecting cloud-based data. Today, financial service providers can safely guard the sensitive elements of their customers’ data and leverage powerful new cloud-based solutions and AI- applications to propel their business forward. Check out this blog we cowrote with Discai to learn how! https://okt.to/DWSfsV