Trust Stamp President Comments On U.S. Court Of Appeals For Fifth Circuit Decision That Digital Facial Images May Be Used For Age Verification
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Trust Stamp President Andrew Gowasack commented on the U.S. Court of Appeals for Fifth Circuit's decision, highlighting the significance for AI-based age estimation services. The decision supports the use of digital facial images for age verification, aligning with Trust Stamp's technology that ensures no biometric data is stored. The Texas statute, HB 1181, imposes penalties on non-compliant sites, indicating a potential rush for compliance. Gowasack sees vast opportunities for their AI-Powered solution in both online and in-person age verification applications.
March 22, 2024 | 2:03 pm
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Trust Stamp, represented by President Andrew Gowasack, sees the U.S. Court of Appeals decision as a significant opportunity for its AI-based age estimation services. The company's technology, which does not store biometric data, aligns with the requirements of the Texas statute HB 1181, potentially leading to increased demand for their services.
The U.S. Court of Appeals for Fifth Circuit's decision directly impacts Trust Stamp by affirming the market need for AI-based age estimation services, a domain where Trust Stamp operates. Given the legal backing and the specific mention of the Texas statute HB 1181, which imposes penalties on non-compliant sites, there's a clear pathway for increased adoption of Trust Stamp's technology. This legal and regulatory development is likely to drive demand for Trust Stamp's services, positively affecting its market position and potentially its financial performance in the short term.
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