Globe & Mail 10:11 AM EDT, 04/05/2021 (MT Newswires) -- Loop Insights Inc. (MTRX.V), a provider of contactless services and artificial intelligence, said Monday that it has joined the Sovrin Foundation, an open-source, open-standards technology platform for digital identity.
Built on a public blockchain, the Sovrin Ledger protects personal information while giving control of personal data back to the individuals, according to a news release. The company's shares fell 1.4% on last look on Monday.
The partnership will allow Loop to expand the interoperability of its mobile wallet passes, which can now be validated by any organization or individual. The security of the Sovrin Ledger will also enable users to share individual pieces of information with third parties without revealing their entire personal identity.
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