Cardano Foundation to spin off digital identity platform Veridian

The Cardano Foundation plans to spin off Veridian, a digital identity verification platform, into an independent company, Crypto Briefing reported. The foundation announced the plan today at the TOKEN2049 event in Singapore. Veridian was developed within the Cardano Foundation over the past three years, and Thomas A. Mayfield, who previously led the foundation’s decentralized trust and identity division, will become CEO after the transition.