Fobi AI Inc. (formerly Loop Insights Inc.) (TSXV: FOBI)
(OTCQB: FOBIF) (the "
Company" or
"
Fobi"), a global leader in providing real-time
data analytics through artificial intelligence to drive customer
activation and engagement, is pleased to announce the integration
of Fobi’s Wallet pass solution (including the CheckVax™ Digital
Vaccination Verification service) with the Hedera Consensus
Service. Hedera Hashgraph’s public ledger technology enables Fobi
to provide the most secure mobile wallet and proof of vaccination
credentials in the market.
Fobi’s mobile wallet-based credentials enable our clients to
issue and manage credentials for their users quickly and
effortlessly. By leveraging Hedera Hashgraph, one of the global
leaders and most advanced next-generation ledgers, Fobi is adding
an extra layer of security to our credentials and enabling
verification of these credentials by querying the ledger
directly.
HEDERA HASHGRAPH INTEGRATION TO POWER SECURE CREDENTIALS
FOR FOBI’S CHECKVAX™ DIGITAL PROOF OF VACCINATION
SERVICE
The integration is particularly timely given last week's launch
of Fobi's CheckVax™ product. CheckVax™ is a universal, mobile
wallet-based proof of vaccination & proof of test status
platform. It provides the highest level of security with a
low-friction and highly scalable mechanism for users to upload
their proof of vaccination and/or proof of test status into the
native iOS and Android wallets.
Fobi’s Hedera integration means these credentials can now be
validated against the public ledger for even greater security. It
also enables Fobi to issue a very easy-to-use public-ledger backed
digital credential which anyone can carry in their mobile wallet.
It gives the user full control over when and where that credential
is used, while providing an unparalleled level of credential
authenticity and interoperability.
Hedera Hashgraph is the most used, sustainable, enterprise-grade
public ledger. The decentralized Hedera network offers stable
governance with no forking, low and predictable transaction fees,
fairness, built-in compliance, real-time settlement, and
sustainable energy consumption - all of which are driving massive
adoption. Hedera has the most decentralized and transparent
governance model, led by the Hedera Governing Council, ensuring the
reliability of the network. The platform is governed by a council
of the world's leading organizations, including Avery Dennison,
Boeing, Chainlink Labs, Dentons, Deutsche Telekom, DLA Piper, EDF
(Électricité de France), eftpos, FIS (WorldPay), Google, IBM, LG
Electronics, The London School of Economics and Political Science
(LSE), Magalu, Nomura Holdings, Shinhan Bank, Standard Bank Group,
Swirlds, Tata Communications, University College London (UCL),
Wipro, and Zain Group. Hbar, the native cryptocurrency of the
Hedera network, is used to protect the network through
proof-of-stake and power decentralized applications.
Christian Hasker, CMO of Hedera stated: "In
this new era of Covid-19, proving test and vaccination status,
while ensuring the highest degree of data privacy, has become a
pressing business need. Hedera, as a trust layer, enables
applications like CheckVax™ from Fobi, to ensure that data is
controlled by the users themselves. CheckVax™ provides an
easy-to-use mechanism for users to upload their proof of
vaccination and/or proof of test status and be issued with a secure
Wallet Pass bearing this proof, using the Hedera Consensus
Service."
FOBI’S CHECKVAX™ DIGITAL PROOF OF VACCINATION SERVICE TO
SUPPORT CURRENT GOVERNMENT APPLICATIONS
Fobi’s CheckVax™ is not meant to replace governmental
applications or systems, but instead aims to provide
interoperability with existing government processes/protocols and
future product releases. The goal is to provide a
complementary product that is fast, convenient, secure, and that
will see a high level of adoption due to the simplicity and
usability of the service.
Rob Anson, CEO of Fobi stated: "The Hedera
integration enables us to provide our clients a secure, fully
public-ledger backed credential solution, with almost limitless
scaling, and true public verifiability. Fobi’s CheckVax™
solution is built to support and provide interoperability with
Provincial and State government vaccine mandates worldwide, and
thanks to Hedera provides the highest level of security and
verification in the market today.”
One of the big issues facing companies looking to implement a
vaccine passport system to comply with provincial regulations is
the uncertainty around vaccination mandates and the difficulty of
complying with them. In fact, a recent poll showed that
61% of Canadian small businesses are worried about the challenges
of implementing the vaccine passport regulation, including the
security of the passes and how their customer’s personal
information was being handled. Add to that the challenges for
those businesses who have visitors or customers from other
geographies who are not eligible for the provincial passport and
you have a situation that is increasingly more difficult to
navigate. Fobi’s Hedera-powered secure, app-less mobile
Wallet pass solutions, including CheckVax™ for digital proof of
vaccination, can help those organizations get the right, secure
solution into place that fits their needs best. For more
information on the CheckVax™ service, please
visit www.fobi.ai/checkvax.
This Press Release Is available on the Fobi Website and
the FOBI Verified Forum On AGORACOM For Shareholder Discussion
And Management Engagement.
About FobiFobi is a cutting-edge data
intelligence company that helps our clients turn real-time data
into actionable insights and personalized customer engagement to
generate increased profits. Fobi's unique IoT device has the
ability to integrate seamlessly into existing infrastructure to
enable data connectivity across online and on-premise platforms
creating highly scalable solutions for our global clients. Fobi
partners with some of the largest companies in the world to deliver
best-in-class solutions and operates globally in the retail,
telecom, sports & entertainment, casino gaming, and hospitality
& tourism industries.
For more information, please contact:
Fobi AI Inc. |
|
Fobi Website: www.fobi.ai |
Rob Anson, CEO |
|
Facebook: @ Fobiinc |
T : +1 877-754-5336 Ext. 3 |
|
Twitter: @ Fobi_inc |
E: ir@fobi.ai |
|
LinkedIn: @ Fobiinc |
Forward-Looking Statements/Information:This
news release contains certain statements which constitute
forward-looking statements or information. Such forward-looking
statements are subject to numerous risks and uncertainties, some of
which are beyond the Company's control, including the impact of
general economic conditions, industry conditions, and competition
from other industry participants, stock market volatility and the
ability to access sufficient capital from internal and external
sources. Although the Company believes that the expectations in its
forward-looking statements are reasonable, they are based on
factors and assumptions concerning future events which may prove to
be inaccurate. Those factors and assumptions are based upon
currently available information. Such forward-looking statements
are subject to known and unknown risks, uncertainties and other
factors that could influence actual results or events and cause
actual results or events to differ materially from those stated,
anticipated or implied in the forward-looking statements. As such,
readers are cautioned not to place undue reliance on the
forward-looking statements, as no assurance can be provided as to
future plans, operations, results, levels of activity or
achievements. The forward-looking statements contained in this news
release are made as of the date of this news release and, except as
required by applicable law, the Company does not undertake any
obligation to publicly update or to revise any of the included
forward-looking statements, whether as a result of new information,
future events or otherwise. The forward-looking statements
contained in this document are expressly qualified by this
cautionary statement. Trading in the securities of the Company
should be considered highly speculative. There can be no assurance
that the Company will be able to achieve all or any of its proposed
objectives.Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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