Hashgraph Group launched the self-sovereign identification platform IDTrust.

PANews reported on August 1st, according to Cointelegraph, that Hashgraph Group (THG) launched the self-sovereign identity platform IDTrust based on the Hedera network, implementing decentralized digital identity management through artificial intelligence technology. The platform utilizes Hedera's stateless proof mechanism, differing from blockchain solutions like Polygon that require a complete transaction history, allowing users to use it without holding HBAR. THG CEO Stefan Deiss stated that IDTrust provides complete identification and authorization features, focusing more on enterprise-level applications compared to solutions like Polygon ID and Worldcoin. Its decentralization characteristics provide more complete data control compared to Microsoft Entra. The platform is compatible with Switzerland's ongoing e-ID system, allowing verification of official documents such as driver's licenses.