TRUSTAUTHY — An innovative location-based security solution for cryptocurrency trading

Vlightup has announced the start of TRUSTAUTHY development, emerging out of the Antler Japan residency program. TRUSTAUTHY achieves smooth and secure transactions while reducing fraudulent trading risks through features including “GeoAuth” (a real-time authentication function based on location information), behavior-based credit score evaluation, and advanced recovery capabilities. The testnet sandbox release is scheduled for spring 2025.

Vlightup’s mission is to redefine “trust” in Web3 society and provide transparent and fair economic infrastructure using blockchain technology. Their goal is to build a new society where pseudonymous economic activities and trust accumulation coexist. Specifically, they connect digital and physical worlds through digital ID issuance and smart contract reliability improvement. Furthermore, they provide trust services ensuring smart contracts and digital assets function based on real-world data, contributing to business case solutions and social challenges.

Product Background

As the cryptocurrency market expands and more users engage in trading, enhanced security becomes essential. TRUSTAUTHY provides a secure and reliable trading environment by reducing impersonation risks through its “GeoAuth” function, which authenticates users based on their location information.

Furthermore, it evaluates risk for each transaction based on user behavioral data and updates credit scores in real-time, enabling security measures based on the latest risk assessments. Through flexible and secure recovery functions, it provides an environment where users can safely recover their accounts. TRUSTAUTHY is designed as an optimal security platform for cryptocurrency exchanges by integrating these technologies.

Key Features of TRUSTAUTHY

• GeoAuth: Enables real-time identity verification based on users’ current location using location-based authentication technology, preventing unauthorized access and supporting secure transactions.
• Behavior-Based Credit Assessment: Conducts risk assessment for each transaction based on user trading behavior data, enhancing reliability through dynamic security measures based on the latest risk information.
• Advanced Recovery Features: Provides an environment where users can confidently recover their accounts through flexible and secure wallet recovery technology, reducing fraudulent risks.

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