By Chris Wack
Trust Stamp, a leading technology company, has experienced a significant surge in its shares, with an impressive 16% increase to $2.43. The surge follows the company’s recent launch of its innovative Tap-In Band, a cutting-edge wrist-worn device designed to enhance community-based supervision programs.
After hitting its low point of 77 cents on July 18, Trust Stamp’s stock has seen a significant decline of 60% over the past year. However, with the introduction of the Tap-In Band, the company aims to regain momentum and revitalize its market position.
The Tap-In Band utilizes advanced GPS and near-field communication (NFC) technologies, leveraging the user’s own mobile phone capabilities. This seamless integration allows participants in supervision programs to conveniently verify their well-being and location by simply tapping the band to their phone. In doing so, they gain immediate access to a personalized web portal equipped with messaging functionalities and two-way audio-visual communications.
What sets the Tap-In Band apart is its augmentation of facial biometric authentication through the utilization of the phone’s camera. Trust Stamp boasts a provisional patent in the U.S., covering multifactor authentication utilizing a tamper-proof band alongside biometric authentication.
Trust Stamp’s Tap-In Band serves as an indispensable tool, combining convenience, enhanced security, and reliable communication for participants in community-based supervision programs. The company’s commitment to innovation and its focus on meeting the specific needs of this niche market are poised to bring about a new era in electronic monitoring.