Cardano Foundation has rolled out Veridian, a new open source platform aimed at helping people and businesses manage their digital identities, according to a Friday release.

Next to it comes the Veridian Wallet, a tool designed to keep personal info safe and let users prove who they are online without the usual hassle of sharing sensitive data.

This launch comes at a time when it is more important and more risky to prove one’s identity online. Whether for healthcare, banking, shipping or school posts, the current systems often leave data exposed, and with smart devices and AI emerges everywhere, these are missing harder to solve, the foundation says.

“From healthcare and financial services to supply chains and academics, identity verification acts as the cornerstone of trust,” wrote Thomas A. Mayfield, head of decentralized trust and identity solutions at the Cardano Foundation, in the release. “Despite this, existing solutions often fail to provide adequate security and credentials, resulting in frequent data violations. Last year, 1.7 billion items were compromised in the United States.”

Veridian tackles this by letting users take control rather than giving their information to a central authority. It uses open, shared tools to ensure legitimate communication and control identities without a space.

There is even an opportunity to link it to Cardano Blockchain for extra security. The Veridic wallet ties it all together and lets people control their details safely from their phones.

The wallet application is built for both individuals and businesses with opportunities for companies to finely cushion it to their needs.

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