Trustd offers a digital identity verification and authorization platform for the logistics industry. It enables verified digital business profiles and credential management for supply chain participants, mitigating fraud and theft risks. This enhances trust and transparency by ensuring only authorized entities engage in transactions.
Funding
Funding not disclosed
Founders
Product
Problem
The logistics and transport industry faces significant risks from double-brokering, fraud, and theft due to a lack of verified digital identities and credentials among participants. This fragmentation and opacity in the supply chain lead to increased transaction risks and a general erosion of trust.
Solution
Trustd provides a digital identity verification and authorization platform designed to secure the supply chain. The system enables all parties to establish verified digital business profiles, thereby proving their credentials and ensuring only authorized entities are involved in transactions. This approach mitigates risks, enhances confidence, and restores reliability within the logistics ecosystem. By offering real-time verification and perpetual monitoring, Trustd empowers businesses to operate with greater security and transparency.
Target Audience
Primary customers include shippers, 3PLs, and carriers operating within the freight transport and logistics industry who need to de-risk their supply chains and verify the identities and credentials of their partners.
Features
- Biometric digital identity verification for businesses and individuals within the supply chain.
- Automated Know Your Business (KYB) and Know Your Customer (KYC) processes, integrating data from regulated sources like Companies House and DVLA.
- Digital credential management for drivers and carriers, including licenses, insurance, and operator certifications.
- Perpetual compliance monitoring with automated notifications for expiring documents and status changes.
- Secure digital business profiles that can be shared to demonstrate legitimacy and compliance.
- Network management dashboard for shippers and 3PLs to gain visibility into their entire supplier network.
- Chain of custody features utilizing biometric verification and real-time cargo updates for enhanced shipment security.
- Mobile application integration for direct access to identity, compliance, and access management tools.