Concordium announces launch of Mysome.id to secure your online identity

About the rising company

Copenhagen Fintech member, Concordium , entered the market in 2018. As stated on their website, Concordium is a science-backed public-layer 1 blockchain aiming to balance privacy and accountability through its ID layer. This guarantees that each wallet is connected to a real-world identity that has undergone verification by a third-party ID provider. As a result, individuals and organizations can have confidence in one another while maintaining privacy.

Protect your identity on social media profiles with a self-issued badge that signifies authenticity and enhances security

Concordium recently announced the launch of Mysome.Id, a free tool developed on Concordium's identity to address digital identity concerns. It enables you to verify your online identity and is accessible to all LinkedIn users. However, this is just the initial step, as they are actively working to expand its support to other prominent social media platforms. Mysome.id offers remarkable levels of privacy, verifiability, and transparency and grants complete control of your personal information, which sets it apart from other solutions available in the market.

- As more and more of our daily conversations migrate online, the importance of verified profiles increases. Without verification, there is no trust, which is a particularly poignant concern given the influence social media discourse can have on politics, business, and economies. ?? States? K?re Kjelstr?m , CTO at Concordium in FinancialIT.

Mysome.id ensures verified profiles stand out visually, distinguishing them from unverified profiles. Moreover, by identifying fake and fraudulent users, mysome.id plays a crucial role in preventing fraud and ensuring that our interactions are limited to verified individuals.

- Fake profiles negatively impact social media users through identity theft, fraud, and scams. Centralized identity databases, meanwhile, are prime targets for hackers seeking to extract ransoms for lucrative, confidential data. Mysome.id creates the most accurate form of authentication, something necessary in today’s digital world. ?? States? Lars Seier Christensen , Chairman of Concordium in FinancialIT.