The startup offers an identity-centric platform that utilizes distributed ledger technology to link digital identities with digital assets and certificates. This approach enhances transaction security and transparency while ensuring compliance with regulatory requirements, enabling clients to operate confidently in the digital space.
Funding
$22.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many organizations struggle to establish trust and transparency in their digital transactions and data sharing, especially in complex industries with evolving regulatory landscapes. Traditional systems often lack the security and accountability needed to ensure compliance and build confidence among stakeholders.
Solution
iov42 provides an identity-centric platform leveraging distributed ledger technology (DLT) to enable secure, transparent, and trusted transactions. The platform allows organizations, governments, and societies to coordinate confidently in the digital space by linking digital identities with digital assets and certificates. iov42's technology facilitates the secure collection, storage, management, and sharing of due diligence information, enabling businesses to verify and track materials back to their source. This helps organizations comply with regulations such as the EU Deforestation Regulation (EUDR) and build trust with customers and stakeholders.
Target Audience
iov42 targets organizations, governments, and societies operating in complex industries, particularly those with demanding regulatory requirements and a need for trusted data sharing, such as supply chain management, finance, and certification.
Features
- Distributed ledger technology for secure and transparent transactions
- Digital identity management linking identities to assets and certificates
- Supply chain traceability solutions for verifying and tracking materials
- Compliance tools for meeting regulatory requirements such as EUDR
- Customizable deployment options to support varying performance profiles
- Integration with major cloud providers, leveraging their sustainability initiatives
- Data sharing platform that generates permanent, secure historical records