Outlier Ventures Backs Evernym To Bring The World True Self-sovereign Identity

Outlier Ventures Takes On The Role Of Evernym’s Lead Investor And Strategic Partner

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Leading Blockchain and Web 3.0 venture capital firm Outlier Ventures has invested in, and become a strategic partner of, Evernym –  the foremost developer of self sovereign identity technologies and inventor of Sovrin, the global public utility for decentralised exchange of verifiable claims. Sovrin’s utility token distribution event is slated for mid-2018.

Using the unique properties of Sovrin, Evernym builds applications that finally enable people, businesses and connected devices to securely control their own identity data, choosing when, with whom and how much they wish to reveal in any given exchange. This technology forms the basis of applications Evernym is building for a number of partners including the US Department of Homeland Security, the UK’s healthcare system and a number of leading global financial institutions.

“Evernym is an organization unlike any other in the distributed identity space,” said Outlier Ventures CEO Jamie Burke. “At their stage, to have earned the cooperation and patronage of such organizations as Hyperledger, the Illinois Blockchain Initiative and the entire U.S. credit union industry, speaks directly to the potential Evernym possesses. We just knew we had to be a part of this story.”

Burke continued:

“Self-sovereign identity for people, organizations and connected devices is the one problem everyone wants to see solved. The deeper you look at Evernym’s breathtaking technological innovation, it feels the solution is at hand. Each of our portfolio companies, present and future, needs this technology, as demonstrated by Evernym’s recent announcement of a partnership with IOTA. Despite a lot of noise in the identity space these are the only innovators who have achieved any serious level of adoption.’’

Evernym offers SaaS services and applications built atop the Sovrin Network, which is thought to be the world’s only distributed ledger purpose-built for self-sovereign identity and the exchange of verifiable claims. The Sovrin Foundation is guided by a constitutional “Trust Framework,” conceived with the Sovrin network’s enduring independence as its primary objective.

“We’ve accomplished a lot in our relatively short existence, but among the highlights I count our new relationship with a firm as well-regarded as Outlier Ventures,” said Evernym Co-founder and CEO Timothy Ruff. “Together, we will break ground destined to prove fundamentally transformative to the internet in general, and digital trust in particular.”

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About Richard Kastelein

Founder and publisher of industry publication Blockchain News (EST 2015), a partner at ICO services collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News put him in the top 10 Token Architects in Europe.

Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first Blockchain University in Nanchang at the Jiangxi Ahead Institute of Software and Technology. In 2018 he was invited to and attended University of Oxford's Saïd Business School for Business Automation 4.0 programme. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division.

Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ citiies. He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe.  In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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