CHICAGO, Nov. 16, 2016 /PRNewswire/ -- The National Association of Realtors ®' venture capital fund Second Century Ventures has become a strategic investor in Trust Stamp, an identity authentication company that leverages artificial intelligence and blockchain technologies.
Trust Stamp, a startup founded in 2015 by Gareth Genner and Andrew Gowasack, is one of eight companies that entered SCV's vertical tech accelerator program, REach ®, earlier this year. The company uses patented artificial intelligence software to analyze hundreds of public records and social data to quickly provide reliable identification verification for real estate professionals meeting new clients or unknown individuals. Trust Stamp combines driver's license analysis and proof-of-liveness photographic identification techniques with data from more than 200 social media sites and public records, including criminal and sex offender databases, to verify an individuals' identity and create a trustworthiness score. Trust Stamp has clients across multiple industries, including a major U.S. bank, and is launching a Facebook app to help consumers safely buy and sell in their local community through the new Facebook Marketplace feature. Trust Stamp is also a pioneer in the field of blockchain technology and is able to store and access data using techniques that are immune to the distributed denial of service, or DDoS, attacks that are plaguing many major internet companies. "Second Century Ventures aims to develop and deliver technologies to innovate the real estate industry and help realty professionals to best serve buyers, sellers and clients," said President William E. Brown, a Realtor ® from Alamo, California and founder of Investment Properties. "Investing in a fast, convenient and affordable tool like Trust Stamp to establish the identity and trustworthiness of a stranger will better help Realtors ® stay safe and protect clients and their home or property." Trust Stamp has created a real estate-specific webpage and mobile apps that are available only to NAR members and accessible via their NRDS number. Using the webpage or app, agents enter an individual's email address or cell phone number and invite them to make a Trust Stamp. It takes only a few minutes for an individual to create a basic profile with a photo of his or her driver's license, a selfie and links to one or more social accounts. Agents receive notification when the Trust Stamp is complete along with the individual's verified name, photo and trustworthiness score.