News Heat Trend
Project Overview
Veridian is an open-source platform developed by Cardano Foundation for managing digital identities. It uses KERI and ACDC protocols to enable decentralized identifiers and verifiable credentials, supporting individuals and organizations with a mobile wallet and scalable infrastructure on blockchain.
Related news
Cardano Foundation Spins Off Digital Identity Project Veridian as Independent Company
Odaily News: The Cardano Foundation has announced the spin-off of its digital identity project Veridian into an independent company, with its shares tokenized based on CIP-0113, a newly launched programmable token standard on the Cardano blockchain.It is reported that Veridian becomes the first company to adopt Cardano's programmable token standard for equity tokenization. Frederik Gregaard, CEO of the Cardano Foundation and Chairman of Veridian, stated that the company has issued a total of 1 million shares, with the majority already tokenized. However, these tokenized shares are not currently available for public sale.Headquartered in Switzerland, Veridian aims to provide digital identity verification tools for governments, enterprises, and AI agents, helping users prove their identity and verify online behavior. The company is led by Thomas A. Mayfield, a blockchain engineer who previously oversaw decentralized trust and identity solutions at the Cardano Foundation, and plans to seek strategic investors in 2027. (CoinDesk)
Cardano Foundation Spins Off Veridian as Independent Company and Tokenizes Majority of Shares
Odaily News: The Cardano Foundation has spun off its digital identity project Veridian into an independent Swiss company and tokenized the majority of its 1 million shares on the Cardano blockchain.Veridian becomes the first company to adopt the Cardano CIP-0113 standard. This standard allows token issuers to impose transfer restrictions and freeze or seize assets to meet regulatory requirements.Veridian's mobile wallet is now live, and it is developing related credentials to help individuals, businesses, and AI agents verify identity and permissions without relying on centralized databases. (CoinDesk)