3rd Party Trust

Third-party trust refers to relying on an independent entity to verify or manage information, transactions, or assets on your behalf. For example, a bank or a certification authority acts as a trusted intermediary to authenticate identities or secure transactions. This trust is built on the third party’s reputation, security measures, and adherence to standards, ensuring that both parties can confidently engage without direct risk. In essence, third-party trust reduces uncertainty and safeguards interests by introducing a neutral entity that provides assurance and verification.