Truepass

SUMMARY

Truepass aims to be the future of digital identity. We are building a decentralized, privacy-centric, cross-platform user authentication tool for consumers & enterprise. 

PROBLEM

Today there is no easy, secure way for people to identify themselves online, leaving companies to solve this problem on their own using today's fragmented IAM solutions. This has allowed for fake accounts to proliferate, industrial-scale identity theft to occur, and sign-up processes to become more burdensome and prying. As our lives continue to shift online, a secure, scalable digital identity solution s a necessity.    

PRODUCT

We are building the first encrypted, self-sovereign identity platform backed by verified government documents, linked social media accounts, and biometric signatures for use by consumers and enterprises. Our product allows people to securely & privately share their login credentials, personal information, and verified government documents with the companies & institutions that need them. Our product allows developers, with just a few lines of code, to quickly & confidently onboard pre-authenticated users. Our product is valuable to any web service that requires user account creation, especially if they facilitate P2P interactions (e.g. Airbnb, Uber, Craigslist, eBay), rely on user-generated content (e.g. Twitter, Facebook), or need to comply with KYC regulations (e.g. Coinbase, Deutsche Bank).

TIMING 

The time is right for a revolution in digital identity. The recent surge of mass scale data leaks (Equifax), fake accounts (Facebook), and privacy-centric regulation (GDPR) are all signs that market is ready for a new identity solution. These trends are going to continue as more important aspects of our lives shift online and we believe the only viable solution is a user-owned, self-sovereign identity platform. We also believe the technology to solve this problem already exists. The recent emergence of distributed ledger, digital signature, and biometric authentication have given us the tools required to build a self-sovereign identity platform. This would represent a huge leap forward in privacy and will enable us to create a trustworthy digital identity that does not necessarily depend on a central authority. 

CORE TEAM

We have a high performing team with the knowledge and grit to bring this product to life:

• Mathias Klenk (CEO) — Software Engineer with experience at BMW, EY, and UnifyID. Previous founding experience. Holds BS & MS from Technical University Munich / Stanford University.
• Dave McGibbon (COO) — Business Strategist with experience at Google and GoogleX. Previous founding experience. Holds BS Finance & Economics from University of South Carolina.
• Felix Gerlach (CPO) — Product Manager with experience at Rocket Internet and several startups. Previous founding experience. Holds BS & MS from Technical University Munich. 
• Andres Castaneda — Software Engineer with experience at UnifyID and Stripe.