Dentity makes identity verification service free for

LOS ANGELES, July 12 2022 (GLOBE NEWSWIRE) — In response to the recent termination of the Twitter acquisition, Dentity, the Web3 identity leader, announces that it has made its verified identity program free to all consumers. Thousands of consumers are already taking advantage of this offering, building trusted interactions with the people they interact with online and increasing their security.

While fake social media accounts have been a problem for years, recent developments have upped the ante and created a watershed moment for consumers to take their security into their own hands. It’s estimated that more than 40% of internet traffic is made up of bots, and bad actors and fake profiles continue to explode. Recent reports from Twitter indicate that they delete more than a million fake accounts per day, and according to Statista, Facebook deletes more than 1.5 billion accounts per quarter. Pew Research says 51% of people online believe people create fake profiles to scam others 6 times compared to 2017 and an increase of 80% compared to 2020). Online child grooming cases continue to rise, with social media accounting for the vast majority of these cases.

“The scourge of fake social media accounts is proliferating malignant tumors across the internet,” said Jeffrey Schwartz, Founder and CEO of Dentity. “Bad actors are using fake accounts to hide under a veil of anonymity to hurt us,” Schwartz continued, noting that “social media and big tech giants don’t require users to verify their identity during the onboarding process, driven largely by advertising business models that prioritize an ever-growing user base, and consumers don’t trust them with more personal information, given security vulnerabilities and of their use of personal data to feed their advertising algorithms.

User drive solution for social media security and fake accounts

Today, Dentity is making its identity verification system free for all consumers. Available at www.dentity.com, consumers can verify their identity and ask others to do the same. Dentity’s identity verification system is powered by advanced artificial intelligence and computer vision and requires a valid government-issued ID linked to selfie live proof. No images are saved and consumers end up with a digital credential they can use and share securely anywhere online. Dentity is now free for consumers and takes less than a minute to complete.

Dentity’s Web3 identity system is consumer-driven and leverages the power of verifiable credentials, which is the new standard for storing digital identity information. They are cryptographically secure, privacy-friendly, and machine-verifiable. Verifiable credentials harness the power of blockchain technology to bring a new level of privacy and security to consumer identity information. Even better, they give consumers the ability to securely store, share, and own their identity information, rather than handing over more information to Big Tech.

“Identity verification is not only good for internet security, but it’s also good for advertisers,” Schwartz noted. “Advertisers rely on the number of users provided by social media platforms to direct their advertising dollars, and fake accounts artificially inflate those numbers. Dentity offers businesses an easy way to verify their identity using our platform .”

About the entity

Dentity is on a mission to make the Internet safer by enabling trusted interactions between consumers and the people they meet or transact with online with shareable and verifiable identity information. The Dentity Web3 Identity and Verifiable Credentials Platform includes the Dentity Wallet for consumers and a self-service platform for credential issuers and verifiers. Dentity is based in Los Angeles, California. Visit dentity.com for more information.

Media Contacts

Contact [email protected] or (877) 807-7054 for more information.

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