ATB Ventures Is Working With The Government of Canada to Power its National Digital Trust Proof of Concept

ATB Ventures, the research and innovation arm of leading Alberta-based financial institution ATB Financial, is collaborating with the Government of Canada to provide the technology platform to support their National Digital Trust Service proof of concept . ATB Venture’s blockchain-identity management solution, Oliu and digital credential wallet, Proof, allow businesses and regulators to develop use cases and issue, use and verify digital credentials in a secure, sandbox environment.

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“ATB Ventures is excited to be partnering with the Government to advance Canada’s digital identity efforts,” said Sue McGill, SVP of ATB Ventures. “With identification sitting at the heart of every interaction—online and off—having a secure, self sovereign identity system that provides a positive user experience and privacy by design is critical to not only the competitiveness of Canada, but also to driving inclusive, economic growth.”

The Government of Canada is working with regulators and organizations to explore and test their digital credentials use cases through the National Digital Trust Service Proof of Concept, and simultaneously advance the adoption and maturity of technologies related to digital credentials.

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As Canadians continue to deepen their connections with the digital universe and increase their demand for more mobility, a critical piece to digital ID’s success and unlocking its full potential is the standards for interoperability.

“Interoperability and standards are necessary for maintaining trust and transparency in a modern day digital economy,” said Nav Dhunay, Head of Technology, ATB Ventures. “Oliu and Proof leverage leading digital identity frameworks, inclusive of the Pan-Canadian Trust Framework (PCTF), the recently announced National Trust and Identity Fundamentals, and emerging open standards such as Indy Aries Credentials and the W3C Verifiable Credential model.”

With traditional identity solutions challenged with inaccessibility, privacy issues, and data insecurity, increasingly—governments, financial institutions and consumers are all coming to the same conclusion: self-sovereign digital credentials are needed now. And ATB Ventures is proud to be part of the movement to advance SSID in Canada.

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