MakoLab Becomes a Steward of the Sovrin Network

The Sovrin Foundation is an international nonprofit dedicated to enabling self-sovereign digital identity for all. The Sovrin Network is operated by independent Stewards and uses the power of a distributed ledger to give every person, organization, and thing the ability to own and control their own permanent digital identity.

Sovrin recently announced the approval of three new organizations as Stewards of the Sovrin Network and MakoLab was one of the three. The others chosen were  The Kuwa Foundation and Validated ID, all of which are committed to transforming digital identity through the global expansion of the Sovrin Network.

The Sovrin Network is a global public utility for self-sovereign identity that allows enterprises and developers to deliver privacy, security, and ownership solutions to people, organizations, and things. To date, the Sovrin Network is operated by more than 60 Stewards around the world.

MakoLab, is a digital solutions agency. We provide comprehensive business consulting and digital technology development services for businesses. The organization owns LEI.INFO, a SAAS solution that provides digital identification for legal entities. MakoLab plans to use the Sovrin Network to enhance the authentication mechanism within LEI.INFO.

“By working with Sovrin, we can finally close the gap between identification of companies and their authentication in digital communication,” said Dr. Mirek Sopek, CTO of MakoLab and President of LEI.INFO. “The LEI system is perhaps the best system ever created for identification of legal entities (companies, trusts, partnerships and many other kinds of organizations) across the globe. Adding mechanisms for digital authentication to LEI will help combat business impersonation and frauds and will help build trusted KYC and AML solutions. As we have been working with Hyperledger Indy on our GraphChain system for LEI for some time – we are ready to go with Sovrin!”

MakoLab, and all other Stewards have agreed to abide by the principles and requirements established in the Sovrin Governance Framework, the legal foundation of the Sovrin Network. The new Stewards hope to show how organizations around the world are taking a stand against the current, broken framework for digital identity and verification.

“The Sovrin Foundation welcomes support from every organization who believes in the principles of self-sovereign identity and the opportunities that a decentralized identity network can support. Becoming a Steward is one of the many ways to do so at the Foundation,” said Heather Dahl, Executive Director & CEO of the Sovrin Foundation.