Running Ahead of the Pack
The mobile digital identity market is getting crowded, and we feel it’s time we share how ShoCard is different from the others, why we claim to be the premier blockchain-based mobile identity platform, and how our products run ahead of the pack.
We began building ShoCard products as far back as 2015 (which is ancient in the blockchain technology world), and they are in existence and production today. We take great pride in the quality of our products’ design, which we base on real customer input. ShoCard provides a complete stack with a design for embedded systems and fully-functioning SDKs, which clients integrate into their systems (e.g., Apps and Servers).
So, how is our platform different from other mobile digital identity providers/platforms?
ShoCard Is Blockchain Agnostic
This is critically important. Systems that only rely on the public Ethereum network are limited to the availability of Ethereum over the long haul. Due to high network traffic, Bitcoin is no longer a viable system for high-scale identity management solutions. As network traffic increases on Ethereum, it too could see a similar fate over the next couple of years. ShoCard, with its blockchain agnostic approach, will never be affected by this.
Scale, Scale, Scale
Public blockchains are inherently not scalable. But we designed the architecture of ShoCard to be highly-scalable. ShoCard has created a solution that uses the public blockchains, but with scale. Our system can write five million user records on a publicly verifiable blockchain in 30 minutes. Other existing solutions cannot compete with this performance.
At Yahoo! circa 2004, Gaurav Khot, as Chief Architect, and I built one of the largest networks that served over 20 billion transactions. As a result of the knowledge we gained at Yahoo!, we have designed the ShoCard platform from the ground up in preparation for massive growth.
Real Customers Use ShoCard Products Today
ShoCard customer implementations range from POCs and pilots to production. Some of our customers have permitted us to announce our partnerships, while others have asked us for NDAs. Our clients include some of the largest credit card network operators, banks, and financial institutions.
Our Product Is Patented
We received patent #9722790 on August 1, 2017 with priority date of May 5, 2015. A Google search on ShoCard patents will show our additional patents filed. We have 18 provisional patents, many of which are continuations on our first patent.
ShoCard was the first company to file the digital identity patent with the priority date of May 2015.
Our patents are open, meaning we have continuations filed against every patent which allows us to file enhancements in the form of continuations on those patents while maintaining the May 2015 priority date. Others copying a similar implementation are using our patented solution which imposes compensation for ShoCard.
Prominent VCs and Investors
Some of the most prominent VCs and investors in Silicon Valley have invested in ShoCard, which was established in February 2015 and raised $1.5M in seed funding that same year. In 2017, we raised another $4M. With top investors, a solid, patented architecture, and real customers, some might say ShoCard has broken from the pack of mobile digital identity providers, but we’d argue that the we’ve always been ahead of the pack with our top-notch team of visionaries taking the leap back in 2015. And we’re not stopping. We will continue to enhance the platform and remain several “horse lengths” ahead any of competition.
The emerging blockchain-enabled IM paradigm will profoundly change the way we interact and trade with one another and is guaranteed to fundamentally transform industries for the better. Citizens will come to expect identity ownership and privacy, and companies that adopt this new IM paradigm will see customer loyalty shift in their direction.
ShoCard and its premier blockchain-based IM ecosystem are positioned to lead us there.
For more information on ShoCard and ShoBadge,
- How ShoCard Works…
- Request a demo of ShoCard products
- Request our whitepaper by contacting info@shocard.com
