According to Erika Maslauskaite, CEO of deverium, the new product concept was developed after recognizing these global and European challenges in identity verification processes. “Leveraging our expertise in digital identity, gained through previous collaborations with leading IDV companies, we are committed to creating a comprehensive solution for cross-border IDV challenges. This EU funding provides us with the opportunity to develop a minimum viable product and then scale it globally.”

Frameworks like the European Union’s eIDAS regulation, which deverium’s solution will be based on, aim to remove existing barriers to using trust and electronic identification (eID) services, meaning users will be able to fully control personal data across various digital channels.

“We are employing advanced cryptographic methods and distributed architecture to build a secure and interoperable global digital identity platform,” says Edvardas Maslauskas, the Head of Technology at the company. “By leveraging frameworks like the EU’s eIDAS standards and scaling them up for global applications, this new solution ensures compliance while facilitating seamless cross-border verification. The platform is built to give users enhanced control over their data privacy, using innovative techniques to protect personal information. This approach aims to simplify the onboarding process and reduce identity verification costs for businesses.”