[Vlightup] Started development of “TRUSTAUTHY,” an innovative security solution for crypto asset transactions that utilizes location information
Vlightup Press release: November 13, 2024 Started development of “TRUSTAUTHY”, an innovative security solution for crypto asset transactions that utilizes location information Vlightup Co., Ltd. (Chiyoda-ku, Tokyo, Representative: Yoshio Minamoto) aims to improve the reliability and safety of crypto asset transactions, and has launched the innovative security solution “TRUSTAUTHY”. We have started development.
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authentication function based on location information, credit score evaluation based on behavioral data, and advanced recovery functions. Product background As the crypto asset market expands and more users conduct transactions, strengthening security is essential.
“TRUSTAUTHY” reduces the risk of identity theft and provides a safe and reliable trading environment by using the “GeoAuth” function that authenticates users using their location information. Furthermore, it is equipped with technology that evaluates the risk of each
transaction based on user behavior data and updates credit scores in real time, making it possible to always take safety measures based on the latest risk assessment. Additionally, we have created an environment where users can safely recover their accounts through flexible and safe recovery features. “TRUSTAUTHY”, which combines these technologies, is designed as the optimal security platform for crypto asset exchanges. Features of “TRUSTAUTHY” • GeoAuth : Authentication technology that utilizes location information enables real-time identity verification based on the user’s current location. Prevents unauthorized access and supports safe transactions. • Credit evaluation based on behavioral data : Conduct risk assessment for each transaction based on user trading behavior data. Enhance reliability with dynamic safety measures based on the latest risk information. • Advanced recovery features : Flexible and safe wallet recovery technology provides an environment where users can recover their accounts with peace of mind and reduces the risk of fraud.
https://prcdn.freetls.fastly.net/release_image/143485/3/143485-3-a58f62b18c5cb66f5c5b37f2ac629bca-1640×924.png Overview and features of “TRUSTAUTHY” Comment from Yoshio Minamoto, Representative Director of Vlightup Co., Ltd. “TRUSTAUTHY is an innovative platform that redefines the security standards essential to the growth of the crypto asset market and provides peace of mind for both users and exchanges. In addition, through technology that identifies transaction risks from behavioral data and a recovery function that ensures even higher levels of safety, TRUSTAUTHY provides a security experience that is one step ahead. We are pleased to be able to contribute to improving safety and reliability in crypto asset trading. ” Future prospects “TRUSTAUTHY” will continue to innovate in order to meet the needs of crypto asset exchanges and users, and further strengthen security and improve trust. The sandbox on the testnet is scheduled to start providing in the spring of 2025. About Vlightup Co., Ltd. Vlightup’s mission is to redefine the concept of “trust” in Web3 society and provide a transparent and fair economic infrastructure by utilizing blockchain technology. Our goal is to build a new society where pseudonymous economic activities and the accumulation of trust coexist. Specifically, we will seamlessly connect the digital and physical worlds by issuing digital IDs and improving the reliability of smart contracts. Furthermore, we will provide trust services that ensure that smart contracts and digital assets function based on real-world data, contributing to solving business cases and social issues. ・Company name: Vightup Co., Ltd. ・Representative: Representative Director Yoshio Minamoto ・Location: Pacific Century Place Marunouchi, 1-11-1 Marunouchi, Chiyoda-ku, Tokyo ・Established: July 2022 ・Member organization: Associate member of Japan Crypto Asset Business Association (JCBA) ・URL:
https://trustauthy.jp/ Contact information Vlightup Co., Ltd. Public Relations and Marketing Officer Email: info@vlightup.jp Tel: 03-6860-8248