Phoenix, Arizona--(Newsfile Corp. - December 17, 2020) - The Stock Day Podcast welcomed KABN Systems NA Holdings Corp. (CSE: KABN) ("the Company"), a company that focuses on the verification, management, and monetization of digital identity, empowering users to control and benefit from its use of their online identity through its subsidiary. CEO of the Company, David Lucatch, joined Stock Day host Everett Jolly.
Jolly began the interview by asking about the Company's background and current projects. "KABN is in the business of empowering users to manage their online identity, which is really called self sovereign identity. We put the power of that back into the hands of the users, where it belongs," said Lucatch.
Jolly then asked about one of the Company's recent press releases discussing verifiable identity credentials for COVID-19 vaccinations. "We're emulating the things you would keep in a wallet or your keyring in the digital environment, but what we're doing, which is somewhat different than others, is that we're making sure that it is connected to your identity," explained Lucatch. "You would have a digital certificate, a credential, that would be connected both from your healthcare provider, the issuer, and to your identity, which you could privately and securely store in a digital, biometrically controlled, facial recognition wallet that is in the cloud," said Lucatch, noting that these credentials could then be used at schools, offices, or shopping locations.
"I think in the next two to five quarters, we're going to have to verify that you have received the COVID-19 vaccination," commented Jolly. Lucatch noted that many current forms of credentials, like cards or paper certificates, are compromisable. "Within the context of our business, we are creating the ability for ourselves and others to create apps that a consumer can store and manage, and we're providing that entire ecosystem," said Lucatch. "A digital certificate or a digital credential, a verifiable identity credential that is connected to your identity, proving that you are you, and that only you can use privately and securely, is really the next level of what is going to go on with the internet."
The conversation then turned to expansion and monetization. "Our marketplace or our potential reach is 100% of the online market, which gives us an opportunity for great expansion" said Lucatch. "For monetization, our business is built very simply," said Lucatch. "We don't charge a user for anything; they can use our services, they can use our credentials, they can use everything at no cost," he continued. "We never sell or rent data, it's yours; all we would do is bring you an offer, and if you engage with the offer, we get paid a little bit of money and in turn can power our entire system."
"What are partners going to bring to the table, and who are they?", asked Jolly. "We're a member of something called the Trust Over IP Foundation," explained Lucatch, noting that this foundation was founded by major corporations to create standards for safe and secure data exchange practices. Lucatch then elaborated on the Company's additional partnerships, which allow for connections in the healthcare field, as well as with university campuses in the United States. "We have access to over 1,000 travel and tourism boards through one of our partners," he added. "That is growing and you'll see more and more partners jumping on board."
"We're looking at other business segments as well. So, it's not only about empowering users and giving users the tools and services, but also making sure that it's something that they can use."
Jolly then asked about the future of the Company, as well as the potential for growth and revenues over the next two to three quarters. "The industry as we see it is on fire," said Lucatch. "We believe we have the ability to grow at an accelerated rate over the next two to eight quarters," he said, noting that the advantages of the product and its relevance to consumers.
To close the interview, Lucatch expressed his confidence in the potential of digital identity systems and what it represents to consumers who are looking to get back to their normal lives.
To hear David Lucatch's entire interview, follow the link to the podcast here: https://audioboom.com/posts/7753360-kabn-systems-discusses-the-potential-of-digital-verifiable-identity-credentials-with-the-stock-da
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About KABN North America - www.kabnnaholdco.com
KABN Systems NA Holdings Corp. through its wholly owned subsidiary KABN Systems North America Inc. focuses on the verification, management and monetization of digital identity, empowering users to control and benefit from the use of their online identity. KABN proprietary technology suite includes 4 key products:
Liquid Avatar allows users to create high quality digital icons representing their online personas. These icons, in conjunction with KABN ID, allow users to manage and control their Digital Identity and to use Liquid Avatars to share public and permission based private data when they want and with whom they want. www.liquidavatar.com
KABN ID is an Always On, biometric and blockchain based digital identity validation and verification platform allowing users to continuously and confidently prove themselves throughout the online community.
KABN Card is a Visa approved prepaid card program allowing users to manage both digital and fiat currencies and earn cashback and other loyalty incentives. www.kabncard.com
KABN KASH is a cashback, loyalty and engagement program that powers the KABN revenue ecosystem.
KABN provides its products and services at no cost to consumers and generates revenues through permission-based partner programs. www.kabnkash.com
For more information, please visit www.kabnnaholdco.com or www.kabnsystemsna.com
For further information, please contact:
David Lucatch
Chief Executive Officer
647-725-7742 Ext. 701
ir@kabnsystemsna.com
