The startup operates a self-sovereign identity authentication platform that utilizes blockchain technology to securely store and verify academic credentials. This enables users to maintain control over their credentials while providing employers with access to verified candidate information, enhancing trust in the hiring process.
Funding
Funding not disclosed
Founders
Product
Problem
Traditional methods of verifying academic and professional credentials are often slow, manual, and insecure, leading to potential falsification and a lack of trust in claimed qualifications. Individuals lack control over their own credential data, while employers face challenges in efficiently accessing and validating candidate information.
Solution
Authentys provides a self-sovereign identity platform leveraging blockchain technology to enable secure storage and verification of credentials. Individuals gain control over their academic and professional credentials within a digital wallet, deciding when and with whom to share their verified information. Universities and institutions can directly issue cryptographically guaranteed credentials, ensuring authenticity and provenance. Employers benefit from a streamlined verification process, gaining efficient access to qualified candidates with validated backgrounds, fostering trust and transparency in the hiring process.
Target Audience
The primary target audience includes universities and educational institutions, employers seeking efficient candidate verification, and individuals aiming to securely manage and share their academic and professional credentials.
Features
- Blockchain-based digital wallets for individuals to store and manage their credentials
- Direct integration with universities and institutions for issuing Authentys-verified certifications
- Self-verification option for users to upload and self-certify documents
- Secure sharing of credentials with employers and other entities via access tokens
- Time limits and usage restrictions for shared credentials
- Cryptographic guarantee of credential verification, even if the issuer no longer exists
- Decentralized Identifiers (DIDs) for creating unique, user-controlled digital identities
- Integration with Microsoft's digital identity platform (in progress)