Identity Technologies Inc
Identity Technologies Inc is a legitimate U.S. nonprofit organization registered as a 501(c)(4) entity. Established in 2019, it is positioned in California and primarily focuses on creating a self-sustaining identity marketplace. The organization aims to develop low-cost digital identifications, thereby reducing the expense of identity verifications and fostering opportunities for job growth within the sector[1][2].
Mission
The mission of Identity Technologies Inc centers around establishing a meritorious identity economy where individuals and entities can access decentralized identity verification services freely. It operates by connecting users, requesters, and validators worldwide, enabling secure and reusable identity verification processes[2][4].
Financial Overview
As per its most recent filings, Identity Technologies Inc derives most of its revenue from program services. The organization has total assets and liabilities, with variations over the years due to operational changes and strategic financial management. Executive compensation has been reported, indicating transparency in financial governance[1][3].
Governance and Leadership
Phillip Shoemaker serves as the Executive Director of Identity Technologies Inc, bringing experience from his previous role as Apple App Store Director. The organization also includes notable figures such as Vinny Lingham, Llew Claasen, and James Kilroe on its board, reflecting a diverse and experienced leadership[2][4].
Operations and Impact
Identity Technologies Inc is involved in developing a decentralized platform known as Identity.com, which facilitates pseudonymous on-chain identity verification. This platform offers open-source, permissionless authentication solutions, allowing consumers control over their personal data while ensuring secure verification processes[4]. The organization's efforts contribute to enhancing accessibility and trust in digital identity systems, positioning it as a significant player in the evolving identity economy[1][4].
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