Arqit partners Dentos to launch an identity system

Tuesday 27 July 2021 12:17 CET | News

Arqit has signed a contract with law firm Dentons to co-develop an identity system (SSI) which allows users to control their own identities and selectively grant access permissions to firms.

The product is called QuantumKeep. It allows an initial data capture by one firm that has been granted permission by the user, to be securely stored and represented anonymously to other parties in future. Data is stored in the form of blockchain and combined with Arqit’s patented quantum digital signature technology.

Dentons will be the pilot user and also intends to assist Arqit in distributing QuantumKeep to the legal services market where Dentons has relationships with independent firms. QuantumKeep will also be sold to corporate entities within other sectors, such as professional services, finance, and the Government.

This product is in development and expected to launch in Q4 2021. It brings together Arqit's QuantumCloudTM encryption and the compliance expertise of Dentons, to create a secure identity management and compliance product suite. The first product is a KYC solution to assist with client onboarding, verification, and ongoing monitoring. 

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Keywords: product launch, digital identity, identity verification, KYC, digital onboarding, partnership
Categories: Securing Transactions | Digital Identity, Security & Online Fraud
Countries: United Kingdom
This article is part of category

Securing Transactions