Blockchain-based secure digital identity company Trusted Key Solutions Inc., raised $3 million as part of a seed funding round led by Founders Co-Op, an early-stage venture fund, with participation from Pithia, Inc., the venture capital company of The RChain Cooperative.
Trusted Key’s digital identity solution leverages blockchain technology to prevent identity fraud, improve security, and enhance the consumer experience with password-less authentication and transaction authorization. This helps organizations streamline customer acquisition on digital channels while meeting business and regulatory requirements. Blockchain’s identity proofing platform offers organizations a customizable infrastructure that can be deployed on various blockchains while integrating with existing applications.
Founded by former executives from Microsoft, Oracle, and Symantec, the company plans to use this funding to accelerate innovation and business expansion.