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LuxTrust, Cambridge Blockchain develop new privacy-protecting identity platform

Leading European trust service provider LuxTrust S.A, in partnership with Cambridge Blockchain LLC, the Massachusetts-based pioneer in digital identity enterprise software, announced that they are developing a new privacy-protecting EU identity platform.

The identity platform will provide a trusted environment to exchange and manage personal data online to businesses and consumers, in complete compliance with strict data privacy rules like the European General Data Protection Regulation (GDPR).

LuxTrust offers digital identities that are federated through multiple financial and governmental applications, thus enabling secure and compliant authentication and electronic signing. It presently manages digital identities for entire population and business ecosystem in Luxembourg.

“LuxTrust is committed to providing better identities for people and things. Working with Cambridge Blockchain allows us to augment the scope of identities, including any attributes, and will enable users to share personal data fully respecting the increasingly stringent European regulatory framework. We are very excited to innovate together, filling gaps in compliance, security and trust needed to accelerate digital, personalized and automated services across Europe and worldwide,” Pascal Rogiest, CEO of LuxTrust, said.

The announcement was made during the K(NO)W Identity Conference in Washington, DC. The new identity platform will instill state-of-the-art “privacy by design” principles outlined in the GDPR that will offer quick onboarding, attribute, consent management and compliance services for natural persons and legal entities.

“Luxembourg is the ideal place to launch this platform,” Matthew Commons, CEO of Cambridge Blockchain remarked. “By combining LuxTrust’s current certified services such as authentication, signature and document management with our innovative blockchain-based enterprise software, our collaboration will deliver the future of digital identity for Europe and beyond.”

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0.610 mln

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July 26 18:00 UTC 198198m

USFed Funds Target Rate

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1.125 %

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1.125 %

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2.9 mln

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0.6 %

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1.1 %

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EZGDP Growth YY*

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KRGDP Growth QQ*

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0.6 %

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1.1 %

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