Privado ID, previously known as Polygon ID, has announced its spin-off from Polygon Labs on June 13, 2024. The move aims to meet the global demand for digital identity and reputation solutions that work with both onchain and online data. Privado ID’s technology leverages decentralization and private interaction to reduce cost, complexity, and counterparty risk. The company is actively establishing strategic partnerships with onchain and institutional organizations, including proof-of-concepts with several multinational banking and financial service companies. Privado ID’s identity tools can establish the authenticity and source of digital content, mitigating risks posed by artificial intelligence generated misinformation. The executive team includes co-founders David Schwartz as CEO, and Antoni Martin as COO, with Jordi Baylina and Sandeep Nailwal as non-executive co-founders.
Digital ID Startup Spins off From Polygon Labs, Aims to Mitigate AI-Generated Misinformation Risks
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