In Response to $1.7B Threat, Cardano Rolls Out Advanced Data Protection Tools

Cardano Foundation Unveils Veridian Identity Platform and Wallet to Tackle Data Privacy Challenges

The Cardano Foundation has launched Veridian, an open-source digital identity platform built to give individuals and organizations greater control over their personal information. Accompanying the launch is the Veridian Wallet, a secure app that allows users to verify their identity without exposing sensitive data.

Announced on Friday, the new tools aim to address growing concerns around digital privacy, especially as online services—from healthcare and education to logistics and finance—become more data-dependent.

“In a world where trust hinges on identity, today’s systems are falling short,” said Thomas A. Mayfield, head of Decentralized Trust and Identity Solutions at the Cardano Foundation. “Last year alone, over 1.7 billion records were compromised in the U.S., underscoring the urgent need for secure, user-controlled verification.”

The Veridian platform introduces a decentralized approach to identity management, removing the need for centralized databases that often become targets for cyberattacks. Instead, users store and manage their credentials locally, using open standards to ensure compatibility and trust.

The Veridian Wallet serves as the interface for this experience, allowing individuals to manage, share, and verify their information securely from a mobile device. It also includes options for integration with the Cardano blockchain, adding an additional layer of transparency and integrity.

Designed for flexibility, the wallet can also be customized by enterprises looking to integrate decentralized identity into their operations, offering a practical path forward in the age of digital trust.