The benchmark player in ID cards and passports IN Group acquires a stake inArchipelsa blockchain platform from digital trust services operated by Caisse des Dépôts, The Post Office or EDF.
This Tuesday, Archipelagos announced the arrival ofIN Groupe (formerly Imprimerie Nationale) to its capital alongside founding entities including Caisse des Dépôts, EDF, La Poste group and ENGIE.
Founded in 2020, Archipelagos has developed a blockchain-based platform ” French sovereign permission “and offering certification and decentralized verification of documents and identity attributes. According to a press release, 70 million documents have already been verified through its solution, which has 24 blockchain nodes on French soil. The consortium’s objective: to support organizations in the certification and verification of their documents and data to combat fraud and identity theft.
IN Groupe was already a “technology partner” ofArchipels. The specialist in digital identity cards, passports and secure documents has taken a stake in Archipels, along with Caisse des Dépôts and La Poste, which also participated in this new round of financing.
The decentralized identity market is still in its infancy, but it is gaining ground. By working with leading and complementary industrial players such as IN Groupe and Docaposte, we are in a position to benefit from synergies and accelerate the adoption of our technologies by a greater number of companies and organizations”, commented Archipels CEO Hervé Bonazzi.
This new financing will be used to accelerate Archipels’ growth.Archipelagos and make it the number 1 solution for decentralized digital identity and data verification. More specifically, the consortium plans to strengthen its presence in Europe and Africa, doubling its workforce by the end of the year.
“Our entry into the capital ofArchipels is in line with the execution of IN Groupe’s Odyssée Digitale 2025 strategy around tomorrow’s digital identities and services, in both physical and digital environments. This investment represents a key step in the development and deployment of decentralized identity solutions capable of guaranteeing sovereignty for States and data security for users”, declared Didier Trutt, Chairman of IN Groupe.
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