The Liquid Avatar Mobile App and the LAVCE can support a wide range of physical and online requirements to prove identity without disclosing unnecessary information that is not germane to the request, complying with new and increasingly more challenging regulatory requirements. With the ability to integrate into 3rd party apps through its upcoming SDK (software development kit) and APIs (application programming interfaces), App providers and game developers, payment processors and others will be able to offer these services directly inside their own apps and platforms without the necessity of sending someone to another App or service for verification of their identity. With Machine Readable Governance, which is composed of elements that help to establish trust and enable interoperability including trusted participants, schemas (templates for structuring information in a credential), and rules and flows for presenting credentials and verifying them, Verifiers are empowered to decide which credential issuers meet the proper jurisdictional requirements needed for the interaction.
The Liquid Avatar Mobile App and LAVCE can also support access to websites, games, age verification and other access portals without the use of a username and password, using verifiable credentials and biometrics, which eliminates the need for a user to remember countless pieces of information, or run the risk of account compromise.
Smart Age, the joint program with the
One of the key new features being introduced to the Liquid Avatar Mobile App is Encrypted Messaging. Using W3C protocols and Decentralized Identifier Communication ('DIDComm'), this is an early adopter application that brings this new, cryptographically secure messaging to the market, providing security over communications between parties that is not dependent on phone or telecommunications protocols. Encrypted Messaging can be tied to other
About
The Liquid Avatar Mobile App, available in the
The Liquid Avatar Verifiable Credentials Ecosystem (LAVCE) has been developed to support all participants in a digital credential ecosystem, including the Holder, Issuer and Verifier, using state-of-the-art blockchain and open standards technologies initially as a node on the Indicio Network. The Company is a voting and steering committee member of the Trust over
The Company has a suite of early-stage programs that support the Liquid Avatar Mobile App program, including Liquid Shopz, a cash back and reward program that has over 600 leading online merchants, which is in the pre-launch phase, and is working to release its own branded network payment card in
The Company's subsidiary,
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Forward-Looking Information and Statements
This press release contains certain 'forward-looking information' within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute 'forward-looking statements' within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the Company's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company's control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as 'plans', 'expects' or 'does not expect', 'is expected', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates' or 'does not anticipate', or 'believes', or variations of such words and phrases or may contain statements that certain actions, events or results 'may', 'could', 'would', 'might' or 'will be taken', 'will continue', 'will occur' or 'will be achieved'.
The forward-looking information and forward-looking statements contained herein include, but is not limited to, statements regarding the future capabilities of the Liquid Avatar Mobile App and LAVCE, including third party integration and the uses thereof, information concerning plans for future features of the
By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance, or achievements of the Company to be materially different from those expressed or implied by such information and statements.
Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws.
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