ATB Ventures will assist the Canadian government in its digital ID efforts

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ATB companiesthe research and innovation arm of an Alberta-based financial institution ATB Financialcollaborates with the Government of Canada provide the technology platform to support its proof of concept of the National Digital Trust Service.

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ATB Venture’s blockchain identity management solution, Oliu and digital ID wallet, Evidenceenable businesses and regulators to develop use cases and issue, use, and verify digital IDs in a sandbox environment.

“Interoperability and standards are necessary to maintain trust and transparency in a modern digital economy,” said Nav Dhunay, chief technology officer at ATB Ventures. “Oliu and Evidence leverage leading digital identity frameworks, including the Pan-Canadian Trust Framework (PCTF), the recently announced National Trust and Identity Fundamentals, and emerging open standards such as Indy Aries Credentials and the W3C Verifiable Model Credential.

Innovation, Science and Economic Development Canada (ISED) is leading the creation of a proof of concept for a national digital trust service with businesses, nonprofits and regulators, with the goal of making it faster, easier and more cost effective to issue and verify digital credentials.

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The service’s proof-of-concept helps select businesses, nonprofits, and regulators run a proof-of-concept for their respective digital credential use cases, simultaneously advancing credential awareness and adoption. digital IDs across government and the economy. The National Digital Trust Service is intended to be horizontal in nature and should make it more efficient for all interested participants to issue and consume digital credentials by avoiding the need to implement and maintain individual technology solutions. . Funded by the Center for Regulatory Innovation, the service aims to support the establishment of a digital trust infrastructure for Canada, explains the Government of Canada.

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With more than 20 participating organizations, the technology platform of ATB companies gives businesses access to Oliu’s stand-alone digital ID platform for building and testing a wide range of applications.

“ATB Ventures is thrilled to partner with the government to advance Canada’s digital identity efforts,” said Sue McGill, Senior Vice President, ATB Ventures. “With identification at the heart of every interaction, online and offline, having a secure, self-contained identity system that delivers a positive user experience and privacy by design is critical not only to Canada’s competitiveness, but also to inclusive driving, economic growth.”

The post office ATB Ventures will assist the Canadian government in its digital ID efforts first appeared on Computer World Canada.

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