April 6, 2025
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Cardano Foundation Targets $ 1.7b Data Breach Threat With New Privacy Tools

Alongside New Platform, The Foundation Also Launching the Veridian Wallet, A Tool Designed to Kiep Personal Info Secure and Let Users Prove Whoy Any Wossles.”, – WRITE: www.coindesk.com

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Alongside New Platform, The Foundation Also Launching the Veridian Wallet, A Tool Designed to Kiep Personal Info Secure and Let Users Prove Whoy Any Wossles.Updated APR 4, 2025, 2:11 pm PUBLISHED APR 4, 2025, 1:00 PM

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What to Know:

  • The Cardano Foundation Has Launchen Veridian, an Open-Source Platform for Managing Digital Identities.
  • Veridian Wallet Allows USers to Securely Prove their Identity Online Without Sharing Sensitive Data.
  • The Platform Addresses Security Flaws in Current Systems, Offering Integration with The Cardano Blockchain for Enhanced Assurance.
The Cardano Foundation Has Rolled Out Veridian, A New Open-Source Platform Aimed at Helping People and Businesses Manage Their Digital Identities, Accounting To A Friday Release.

Alongside It ComESS The Veridian Wallet, A Tool Designed to Kiep Personal Info Secure and Let Users Prove WHO SENLINE WITHOUT the USual Hassles of Sharing Sensitive Data.

This Launch Comes at A Time WHEN PROving One’s Identity Online Is More Important and Riskier than. WHETHER IS FOR HEALTHCARE, BANKING, SHIPING, OR School Records, Current Systems Often Leave Data Exacted Foundation Said.

“From HealthCare and Financial Services to Supple Chains and Academics, Identity Verification Serves as The Cornerstone of Trust,” Thomas A. Mayfield, Head of Dentralized Foundation, Wrote in the release. “Despite this, existing Solutions ofnten Fail to Provide Adequate Security and Credential Control, Resulting in Frequent Data Breaches. Last Year Alone, 1.7 Bilio Records Were.

Veridian Tackles this by letting USERS TAKE Control Instrol of Handing Their Information to A Central Authority. IT USES OPEN, Shared Tools to Enseure Legitimate Communication and Check Identities with A Go-Between.

There’s Even An Option to Link It To The Cardano Blockchain for Aded Assurance. The Veridian Wallet Ties It All Together, Letting People Manage Their Details Safely from their Phones.

The Wallet Application Is Built for Individuals and Businesses Alike, with Options for Companies to Tweak Ita for Their Needs.

Read More: Cardano: Deep Dive on the Trump Reserve Token Whose Blockchain Ignores TVL

Shaurya MalwaShaurya is the co-leader of the coindesk tokens and data team in asia with a focus on crypto derivatives, Defi, Market Microstructure, and Protocol Analysis. Shaurya Holds Over $ 1,000 in Btc, Eth, Sol, Avax, Sushi, Crv, Near, YFI, YFI, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, CAKE, Vet, Vet, Vet RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, Banana, Rome, Burger, Spirit, and ORCA. He Provides Over $ 1,000 to Liquidity Pools on Compound, Curve, Sushiswap, Pancakeswap, Burgerswap, Orca, AnaSwap, Spiritswap, Roki Protocol, Yearn Finance Olympusdao, Rome, Trader Joe, and Sun.

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Shaurya Malwa

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