Blockchain is the Future, and the Future of Online Identity is Liquid Avatar Technologies!
Meet Liquid Avatar Technologies, a Company Providing Self-Sovereign Identity, Data Management and Revenue Solutions for Evolving Digital Markets!
As the digital universe continues to expand, there is an ever-increasing need to verify online identity…
Individual users also need to manage their public and private data and benefit from its use…
This is applicable, for ecommerce, education, health, financial services, government programs or other instances where a user needs to share personal or public information and where the business needs to validate that user…
This has created enormous opportunity for Liquid Avatar Technologies, Inc. (CSE: LQID) (OTCQB: LQAVF) (FRA: 4T51) a company delivering world-class solutions that focus on providing users with the ability to manage, control, and create self-directed benefits from their digital identity!
Liquid Avatar believes that ownership of identity is a basic human right and individuals should be the primary beneficiary of any use of their identity!
Reasons Why Liquid Avatar Technologies Should Be at the TOP of Your Radar:
- Self-Sovereign Identity (SSI) is the FUTURE! SSI is a basic human right and consumers, not corporations, should benefit from an individual’s personal data and verifiable access and identity credentials.
- Massive Reach / Early Adoption / Highly Scalable! SSI is relevant to 100% of the online market and the market for identity related services touches almost over 400M in North America and 5B people globally!
- Data is owned by the consumer and never sold! With SSI, the company is creating new opportunities for data management, services, and related revenue opportunities!
- The company is made up of experienced industry veterans with an average 25+ years. This is a success driven team with proven results!
- It was only this year that the company began trading on the U.S. OTC markets… this is a fresh debut and one that could quickly get Wall Street’s attention!
We are excited to be able to offer our current and future US investors the opportunity to trade on the OTCQB Market. This is the first step in expanding our regulated market activities beyond our initial listing on the Canadian Securities Exchange, as we take our worldwide digital identity and verifiable credentials platform to global financial markets.”
– CEO David Lucatch
Continue reading to see how Liquid Avatar Technologies, Inc. (CSE: LQID) (OTCQB: LQAVF) (FRA: 4T51) may be the HOTTEST new company to watch closely in the growing Blockchain arena!
Did you know that a single password reset costs companies an average of $70? It is no surprise that traditional identity systems have major downfalls.
Think of the vulnerability to attacks, ineffective costing systems, and long waiting times. These kind of identity systems are also not able to provide a seamless transaction experience.
It has become imperative today to deploy a modern and robust digital identity system to support an accurate digital identity system of individuals, assets, and companies through the creation and individual management of verifiable credentials.
This is where blockchain and SSI (self-sovereign identity) enter the equation…
SSI is a term that can be used to describe the digital movement that enables individuals to own and control their identity without the intervention of administrative authorities. It allows people to interact in the digital world with the same freedom for trust as they do in the offline world.
SSI — Like a physical ID wallet, BUT DIGITAL!
SSI holds verified digital credentials given to you by organizations that you deal with, creating digital versions of the same physical credentials you already have, and that you can choose to share with others.
Unlike a centralized, device-based or proprietary wallet, no one else can see it, change it, or take it away; the wallet and credentials inside are yours. You are in control and can move credentials off your device or from device to device.
In The Right Place at The Right Time!
Liquid Avatar Technologies, Inc. (CSE: LQID) (OTCQB: LQAVF) (FRA: 4T51) is a Digital ID Fintech company focused on empowering users to verify, manage, control and create value from their identity and public, permission-based data through Self Sovereign Identity (“SSI”) solutions.
Through its wholly owned subsidiary Liquid Avatar Operations Inc., the company focuses on the verification, management and monetization of Self Sovereign Identity, empowering users to control and benefit from the use of their online identity.
Data is the New Gold and Self-Sovereign Identity (SSI) Has Become Critically Important in Our Digital World!
Gartner, the world’s leading research and advisory company has projected that by the end of the first half of 2020 (1H20), decentralized identity had entered the early adoption phase, setting the stage for significant growth opportunities!
Liquid Avatar Technologies, Inc. (CSE: LQID) (OTCQB: LQAVF) (FRA: 4T51) believes that they have been on pace with these predictions and have developed products and solutions that, in management’s opinion, places the company in a position to develop strong industry leadership role in the SSI landscape!
The Company’s Revolutionary Liquid Avatar App Could Be a Game Changer in Personal Identity and Data!
Liquid Avatars are secured by a proprietary Digital Certificate of Authenticity through Blockchain based technologies!
“Liquid Avatar is positioning itself as a utility for consumers to be able to manage the plethora of digital credentials that institutions, governments, financial institutions, eCommerce and information providers are set to release in the near future.”
RJ Reiser, Chief Business Development Officer
A Liquid Avatar is a high quality, biometric and blockchain secured online version of YOU!
Liquid Avatar provides users, at no cost, with the digital tools and services to create, manage and control their biometric based, Self-Sovereign Identity, prove vaccination and healthcare records and other verifiable access and identity credentials.
With Liquid Avatar, you can use your mobile phone, tablet, or computer to receive, manage, control, and share credentials about you, your vaccinations and other verified access and identity credentials. Individuals can share what they want, when they want, and with whom they want!
Sharing Your Public Data
Liquid Avatars allow you to share, with your digital image, links to your favorite social media pages, your game rankings, favorite websites and more. It’s easy to control what everyone sees about you.
Controlling Your Private Data
Liquid Avatar never stores your private data. Liquid Avatar provides you with the tools to set permissions and control your private data, potentially reducing any opportunity for digital identity fraud.
With more and more online services and new identity verified opportunities, Liquid Avatar provides users with the ability to use their Self Sovereign Identity (SSI) wallets and services that are interoperable with all Trust over IP open standards. The company is also working on ways to bring other, non-interoperable wallets to Liquid Avatar and allow their users access to 3rd party proprietary services.
The company’s cloud-based biometric verification starts with facial recognition and supports most camera enabled devices. Even if your device is lost, damaged or compromised, your identity and data is safe!
The Company is also working on future developments including secure peer-to-peer communications and other tools and services that leverage verification technologies, enhancing current global communications infrastructures.
The Rapidly Growing Self-Sovereign Identity (SSI) Movement
Juniper Research has reported that the SSI movement, which uses blockchain to give users direct control of who accesses their online credentials, will reach annual revenue of $1.1 billion by 2024. This is up from an expected $100 million by the end of 2020. This is colossal growth in just a few years!
Gartner Innovation Research has additionally said that by 2024, bring your own identity (BYOI), combined with decentralized and self-sovereign identity, will unlock the value in digital identities, leading to a multi-billion-dollar industry!
Market Challenges and Opportunities
- Changing consumer regulators
- New and updated standard of technology
- Pandemic and changing landscape
- Identity fraud
- Digital identifiers and agent wallets
- Digital verifiable credentials
The Addressable Market
According to Data Reportal, 4.72 billion people around the world used the internet in April 2021 – that’s more than 60 percent of the world’s total population! Data Reportal also found that internet users are currently growing at an annual rate of 7.6 percent, equating to an average of more than 900,000 new users each day!
FOUR Internet services that are addressable to 100% of the Online Market:
3) Online Communications
4) Digital Identity
Why Digital and Self Sovereign Identity Matters?
Our identity is who we are, and each of us should own, manage, and control our online identity and its use. Your Liquid Avatar and the Liquid Avatar Verifiable Credentials Ecosystem (“LAVCE”) are part of a global movement that supports the verification and creation of a digital or Self Sovereign Identity (SSI) where the user, not corporations or other parties, own your information. With an SSI, a user can control things like your digital credentials, online passwords, and currency wallets, in order to prove who you are as simply as you do in the real world.
Every Liquid Avatar belongs to a real person and when you create your Liquid Avatar, you become part of a global community of verified and known users. As part of the company’s trusted network, Liquid Avatars can potentially help reduce spam, identity fraud and increase engagement value with brands, social networks, games and other community participants.
Enter the Liquid Avatar Network
Verifiable Credentials – Starting with Healthcare
Organizing and providing proof of identity, records and status can be challenging. Using handwritten documents or cards can be difficult to manage and easy to lose.
Paper and card-based evidence of medical testing and vaccinations, healthcare and other important information may not enough in today’s digital economy as these may be not secure, are easily counterfeited, and present challenges for digital security protocols and workflows.
On December 8, 2020, Liquid Avatar Technologies, Inc. (CSE: LQID) (OTCQB: LQAVF) (FRA: 4T51) announced the formation of a global consortium of industry leaders to implement a COVI.D-19 Verifiable Identity Healthcare Credential as the foundation for digital Healthcare Passports and other applications to empower people to start getting back to their lives, safely and securely.
The company has signed an initial agreement to partner with leading COVID-19 testing and health verification organization, Vector Health Laboratories to implement a verifiable identity and credentials platform!
The collaboration will utilize LAVCE for the electronic issuance and verification of testing results using best in class testing and lab facilities, enabling manufactures, retailers, sports arenas, camps, recreational and healthcare facilities, hospitality, manufacturing, government, tourism and transport operations to ensure that individuals are verified and have accurate and timely test results to keep operations safe and open, helping people to get back to everyday activities.
Once a user is tested and are issued their digital credentials, facilities will be able to easily request that a user present their digital credential, through a QR code or web link that resides in an individual’s digital wallet, for review and acceptance through a simple validation process. Along with their credential, user’s will be presented with a challenge, like facial recognition, to ensure that the credential belongs to them and is valid. All this is done using W3C industry standards, a governance framework, and Liquid Avatar’s blockchain ecosystem that is powered by IBM’s Hyper Ledger Indy platform.
The process checks the verifiable identity credential against a pre-determined screening process, which can include a full industry standard identity review (KYC / AML) and, where applicable, permission-based facility, employment, and other records together with the verifiable access credential, providing testing details, including type and length of validation and the results. This process ensures that both the individual and the test results are validated, reducing identity and testing fraud and other related issues.
“Vector Labs is excited to be partnering with Liquid Avatar to provide our clients and customers with the ability to manage their test results through a digital wallet that supports verifiable credentials and identity verification. By ensuring that people can prove who they are and that test results are validated, we can help keep locations safe and accelerate the re-opening of the economy.”
– Jay Fischbach, CFO – Vector Health Laboratories.
The Vector Labs process will pilot this Summer at selected facilities and outlets and is expected to quickly rollout to facilities across Ontario and other regions thereafter!
Where is the Industry Going?
Could there be Acquisition Target potential here?
More Company Highlights
- Powering SSI – a steering member of the Trust over IP Foundation with proprietary engagement and other technologies to migrate and support users in the adoption and practical uses for SSI. Founding member of the Lumedic Exchange, focused on healthcare, and patient data.
- Low CapEx/OpEx – Cloud based technologies that are built and market ready (with SSI deliverables by Q1 2021!) and services with efficient user acquisition, channel management and distribution.
- Unique Business / Revenue Approach – Empowering users with verified identity, biometrics, SSI, verifiable credentials to create “known users” where one verified user has only one account (no fakes/bots), fostering 1:1 and 1: Few marketing relationships to potentially generate higher margin revenue.
Liquid Avatar Key Take-Aways
1) Reach – Digital identity is relevant to 100% of the online market and vital to its continued growth!
- The company is completely applicable to the online market by providing a no cost, verified, biometrically enabled Self-Sovereign Identity “wallet and keyring solution” to consumers and organizations. The company is already in the process of executing preliminary business!
- Launch of a key Verifiable Identity Credential for COVID-19 Diagnostic Testing and Vaccines to empower individuals, organizations and facilities to start getting back to their lives.
2) Unique Business Approach – the company’s solutions are built to empower users, generate revenue and create stake holder value through high-growth and scalable solutions!
- Revenue focused, low customer acquisition costs, global scalability, continuous permission-based opportunities via permission-based customer data aggregation and engagement and industry leading, proprietary verification, management, and monetization platform.
3) Experienced Team – management team, advisors, and board are seasoned executives from the technology, banking, payments, and loyalty industries!
Liquid Avatar Technologies, Inc. (CSE: LQID) (OTCQB: LQAVF) (FRA: 4T51) is heating up in the blockchain revolution by empowering users with SSI – the future of your digital identity!
Start your research right away!
All data sourced from: www.liquidavatartechnologies.com
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