Outlier Ventures, a blockchain venture capital firm, becomes on October 3rd 2017, an investor and strategic partner of Evernym, the developer of self-sovereign identity technologies and inventor of Sovrin, the global public utility for decentralised exchange of verifiable claims.
Evernym builds applications that enable people, businesses and connected devices to securely control their own identity data, as they can choose when, with whom and how much they wish to reveal in any given exchange.
The applications that Evernym is building are based on this technology and they are intended for a number of partners including the US Department of Homeland Security, the UK’s healthcare system and a number of leading global financial institutions.
Jamie Burke, Outlier Ventures CEO said: “Evernym is an organization unlike any other in the distributed identity space. At their stage, to have earned the cooperation and patronage of such organizations as Hyperledger, the Illinois Blockchain Initiative and the entire U.S. credit union industry, speaks directly to the potential Evernym possesses. We just knew we had to be a part of this story”. He added that “ Self-sovereign identity for people, organizations and connected devices is the one problem everyone wants to see solved.”
Furthermore, Evernym Co-founder and CEO Timothy Ruff commented: “We’ve accomplished a lot in our relatively short existence, but among the highlights I count our new relationship with a firm as well-regarded as Outlier Ventures. Together, we will break ground destined to prove fundamentally transformative to the internet in general, and digital trust in particular.”