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Trust Stamp (NASDAQ:IDAI) announced that it has entered into an exclusive Memorandum of Understanding ("the Memorandum") with the National Identity Agency of the Republic of Ghana ("NIA") to provide identity tokenization for the use of NIA and the numerous government ministries and agencies that it serves, together with private sector clients. Under the Memorandum, a Joint Working Team will develop a comprehensive long-term contract for Trust Stamp to provide digital identity implementations and identity tokenization services based on revenue sharing arrangements.
The Memorandum provides for an initial two year exclusivity period that can be extended by mutual agreement.
NIA maintains a centralized database of all citizens and eligible residents and collects and manages biographic and biometric data in a National Identity Register ("NIR"). The NIR is linked with the databases of other state institutions and ensures a "single source of truth" for identity across the public and private sectors.
Posted In: IDAI
