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Winding Tree Announces The Launch Of Their Digital Identity Verification Tool

Ethereum-powered travel distribution channel, Winding Tree, launches ORGiD Bot, a tool designed to streamline digital identity verification between blockchain businesses

Winding Tree is staying true to their goal of helping businesses across different industries to harness the immense features and benefits of blockchain technology with the launch of ORGiD Bot. The product is designed as a seamless digital identity tool, developed to help businesses fight identity theft and impersonation, allowing users to verify identities irrespective of their location across the globe.

Inspiration For The Launch of ORGiD Bot

When cryptocurrency rebounded after an extended downturn, a resurgence of scammers and impersonators came with it,” said Pedro Anderson, COO and Co-Founder of Winding Tree. “Someone even copied my identity on Telegram and contacted a member of my team asking them for a transfer. To tackle the problem, we listed our reps on our ORGiD and created ORGiD Bot as an on-the-go way to verify users who contact us. It worked so well that we can’t wait to share our creation with the rest of the crypto world,” he continued.

Statistics Of Identity Theft Across The Globe

According to the Identity Fraud Study conducted by Javelin Strategy & Research in 2019, 14.4 million consumers became victims of identity fraud in 2018. Another survey on Global Cybersecurity Awareness revealed that 33% of U.S. respondents have experienced identity theft, more than twice the global average. This unfortunate phenomenon has led to significant losses for businesses, requiring them to spend a lot of resources on verifying the identity of clients and even employees. While several solutions have been developed over the years to offer seamless identity verification, many of the available products do not deliver as required. However, the team at Winding Tree as led by Pedro Anderson is looking to change the narrative with the launch of ORGiD Bot.

The Solution Offered By ORGiD Bot

ORGiD Bot is created as an open-source registry providing real-time identification and verification of companies and their representatives. The solution aims to mitigate the dangers of identity theft and impersonation, leveraging blockchain to offer quick and seamless identity checks for blockchain and crypto companies.

The user-friendly tool helps users to communicate with the ORGiD system, ultimately providing them with a relatively easier and more effective way of evading phishing attempts and preventing scams. ORGiD Bot allows organizations to add authorized representatives to their ORGiD and identify themselves as legitimate to their peers.

ORGiD Bot will undoubtedly revolutionize the way organizations conduct their know-your-business (KYB) checks, with a user-friendly interface that allows users to validate organization vitals in real-time, on the go. The system is designed to be hack-proof, as it complies with the latest anti-money laundering (AML) rules and is 100% decentralized.

In a related development, Winding Tree has partnered with crypto companies, such as Kleros and Hacken as well as airline and service companies, including Air Canada, Air France-KLM, Lufthansa, and Swissport. Winding Tree is also in partnership with major hospitality brands like Nordic Choice Hotels, citizenM Hotel chain, and Airport Hotel Basel.

For more information about ORGiD Bot and other solutions from Winding Tree, please visit – https://windingtree.com/. ORGiD Bot can also be found on Telegram, under the handle @orgid_bot.

About Winding Tree

Winding Tree was founded in 2017 as an Ethereum-based, decentralized, open-source travel distribution platform innovating solutions to make travel cheaper for the end-user and more profitable for suppliers. The platform aims to eradicate exorbitant transaction fees and barriers to entry, allowing small companies to compete with big players.

Angela Scott-Briggs

Editor, TechBullion.com | Interested in Innovations in Business, Finance, and Technology .

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Angela Scott-Briggs

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