Trust Stamp Announces The Continued Growth Of Its Patent Portfoli; On January 12th The USPTO Issued A Notice Of Allowance For Utility Patent Application #17/401,504 Covering "Systems And Methods For Liveness-Verified, Biometric Based Encryption."
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Trust Stamp (NASDAQ:IDAI) announced the USPTO issued a notice of allowance for its patent application on liveness-verified, biometric-based encryption. This technology aims to combat the rise in presentation attacks and is seen as essential in the context of increasing AI-powered threats, as highlighted by JPMorgan's report of 45 billion daily infiltration attempts.
January 19, 2024 | 1:32 pm
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Trust Stamp's allowance for a new utility patent may enhance its product offerings and market position in cybersecurity, potentially increasing investor confidence.
The notice of allowance for Trust Stamp's patent application is a positive development, indicating innovation and potential for enhanced product offerings. Given the increasing importance of cybersecurity, this could lead to greater investor interest and a positive impact on the stock price in the short term.
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