WHY? - TOO MUCH FAKE INFORMATION
No one knows how much fraud is baked into the system, but experts tell us this is a crisis. For example, to remove baked-in fake driver's licenses, the REAL ID Act was passed in 2005, requiring multiple proofs of identity just to renew your license. But just last year, the Equifax breach exposed all of those documents.
WHAT? - AUTHENTICATED PEOPLE OWNING THE ONE DIGITALLY CERTIFIED RECORD.
In today's world of abundant fake information, the highest level of authentication is ownership. Owners are motivated to be accountable. When we give them the right to control their personal information, everyone benefits.
WAULT members are starting a revolution by giving control to the people who really own personal information. Trusted Institutions are sponsoring WAULT memberships.
Issuers may trust WAULT Members to protect and control their information. Third parties may instantly verify, unlocking new value by on-boarding customers more quickly and separating real data from fake.
The highest level of WAULT owner authentication is in person, by partnering with trusted community institutions who already require multiple credentials and face to face identification.
WAULT Members have the opportunity to continue to raise their authentication level. The more digitally certified records from the source and self-certified credential attributes that link to them, the higher the authentication level as indicated by the WAULT Trust Score. WAULT only knows the source and number of records and links. We have no access to your personal information.
Download the app now, complete the first level of authentication and start digitally certifying your records so they are always accessible. Never be without a vital document again. Even after flood or fire.
HOW? - TODAY
The Wymsical Team won first prize at an Israeli Fintech Hackathon by using the WAULT Member Network to privately connect to verify credentials for a mortgage application. Cloud partner Microsoft AZURE has provided development support and HIPAA compliant privacy and security validation. The authentication, storage, and verification processes are patent-pending.
HOW? - TOMORROW
Wymsical designed the WAULT Member Network to bridge the past with the future, individuals and enterprises, to preempt the unintended consequences caused by lack of checks and balances on the public internet. We have joined the Working Groups of W3C and DIF to help set standards for the future to incorporate into the next open source generation of our platform.
We continue to improve the WAULT Member Network with partners. There are new models for this revolution. One is Self-Sovereign Identity which is the principle developed by our friends at the Sovrin Foundation. Another is the Community Identity model. Wymsical sees advantages in both. As discussed in the comment on the Wall Street Journal article, "Digital Identity is Broken. Here's a way to fix it." by Alex "Sandy" Pentland and Thomas Hardjono, we believe the solution is a hybrid. To disrupt imposters, the community needs to unite to authenticate, empower, and verify credentials are valid and in control of the owner since certified by the issuer. Not just once, but by maintaining a private "live" connection to instantly verify and authorize modifications in real time.
Join the Revolution!
We are a women-run company and a growing member community that values a future when trust is re-set.
Co-Founder & CEO