It’s called
Verifiable Identity Healthcare Credential and it could be the next big thing in ensuring individuals have full privacy and control of personal healthcare data. It’s also a game-changing methodology that “enables healthcare issuers, individuals, and verifiers to have a digital COVID-19 verifiable identity healthcare credential that is secure, user managed, and controlled, to ensure privacy, transportability and ease of use.”
On
December 8th, a major announcement was made by
KABN (pronounced ‘Cabin’) Systems NAHoldings Corp. (
CSE.KABN,
OTCMKTS: TRWRF,
Forum) – a fintech company specializes in online identity verification, management and monetization – of the formation of a consortium of industry leaders that will empower people to start getting back to the activities they cherish, people they love and the places they have been missing in their lives. This is huge news for both fintech and biotech shareholders and investors, and sent KABN’s stock surging in early morning trading on the Canadian Securities Exchange.
(3-month stock chart Sep. – Dec. 2020. Click image to link to chart) This initial consortium includes:
- The Lumedic Exchange – a community of organizations taking on healthcare interoperability to power the healthcare credential ecosystem
- Loop Insights Inc. (TSX-V.MTRX, OTC:VRZPF, Forum) – a game-changing provider of transformative artificial intelligence (AI) solutions and a leader in automatic contact tracing
- The Campus Agency – supporting on-campus programs at over 2,000 US colleges and universities
- and TripXpertz – an organization that works with over 1,000 travel and tourism boards, airlines, wholesalers and resorts, together with KABN’s Liquid Avatar Self Sovereign Identity platform to empower the worldwide healthcare industry.
According to the news release, “This ecosystem will allow qualified Health Professionals with the ability to issue a Verifiable Credential that enables venues and other facilities to verify both the issued credential and the known user in real-time to grant access and / or services.”
David Lucatch, CEO of KABN North America, commented on the landmark announcement:
"We want to empower users to return to public life and the things they once did freely, pre-COVID-19, with ease and continued safety, with this and future credentials. Our goal is to help get everyone back to life as efficiently and effectively as possible, so a sense of "normality" can be re-established. Liquid Avatar and the ecosystem, together with this amazing group and a growing list of partners, will potentially enable businesses, schools, entertainment venues, and more do the normal things that they do and give users the power to engage with them as they did before the pandemic changed our lives." Why it Matters KABN’s ecosystem for the COVID-19 Verifiable Identity Healthcare Credential will offer solutions for a myriad of businesses and applications, including healthcare technology partners, hospitals, university, and college campus programs, as well as travel and leisure operators, plus major sports and entertainment venues. The Company says they expect many more future partners as the process for issuers and verifiers will be “simple, efficient, and very-cost effective to implement.”
As for when it’s time to get the COVID-19 vaccine, the Liquid Avatar app and the Verifiable Identity Healthcare Credential are cleverly designed to ensure that the end-user can start getting back to the things, people, and places important to them. KABN says that paper-based evidence of COVID-19 vaccinations won’t be enough in today’s digital economy, and while vaccination cards have long been the method of choice for proving vaccination status, they are not secure, easily counterfeited, and present everyday challenges for digital security protocols and workflows.
Verified Identity Healthcare Credentials are issued, managed, and verified through an ecosystem of trust.
Also In the News Recently,
on December 2nd, Liquid Avatar and the KABN Network launched Cloud-based biometric identity verification for self sovereign identity, digital wallets, and verified credentials. In short, the Company CEO explained the goal of the program is “to reduce and, in some cases, eliminate the need to remember passwords or to present physical credentials in an ever expanding digital landscape.” The idea is to eventually empower users to “seamlessly manage their digital lives as easily and effectively as they do conventionally."
About the Company KABN is Burnaby, BC-based fintech company that specializes in continuous online identity verification, management, and monetization in Canada and the US, through its biometrically and identity verified Self Sovereign Identity platform,
Liquid Avatar.
For more information, visit their website at
kabnnaholdco.com.