Trust Stamp Receives Notice Of The Issuance Of Its 18th Patent From The U.S. Patent And Trademark Office Together With Notification Of An Additional Patent Allowance Further Expanding Upon The Utility Of Its AI-Powered Tokenization Technology
Portfolio Pulse from Happy Mohamed
Trust Stamp (NASDAQ:IDAI) has received its 18th and 19th patents from the U.S. Patent Office, expanding the utility of its AI-powered tokenization technology. The patents are related to the tokenization of biometric data and broaden the company's patent coverage. The technology can be used as part of Trust Stamp's identity validation services or overlaid on legacy biometric service providers.
September 06, 2023 | 12:43 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
The issuance of the 18th and 19th patents to Trust Stamp could potentially strengthen its position in the market and increase its competitive advantage. The patents could also open up new opportunities for the company's AI-powered tokenization technology.
The issuance of new patents often indicates a company's innovation and competitiveness in its industry. In this case, Trust Stamp's new patents related to AI-powered tokenization technology could potentially enhance its product offerings and increase its market share. This could have a positive impact on the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100