Linking Digital Identities to the Physical World: NEO Partners With "TheKey"
THE KEY
A Decentralized Ecosystem of An Identity Verification Tool Using National Big-data and Blockchain
https://www.thekey.vip/sites/default/files/pdf/THEKEY_Whitepaper_171104.pdfAs more and more services and socializing shift from the real world to the online world,
identifying each other digitally has become a prominent theme. Development of Identity
Verification (“IDV”) Technology is one of the most significant trends, which will have a
critical impact on the digital economy. However, none of the existing online IDV
technologies addresses two fundamental requirements: results generated from online
IDV should be undeniable and unalterable.
THEKEY Project is now developing a second-generation IDV solution for the internet via
BDMI technology. BDMI stands for “Blockchain based Dynamic Multi-Dimension
Identification” technology. Such a solution perfectly echoes the main requirements for
identifying each other in the digital world, which is ‘The Key’ for migrating people
from the real world to the online world. BDMI, as the name of it, synergistically
combines Dynamic Multi-Dimension Identification (“DMI”) technology and blockchain
technology. DMI has already passed its development stage and is currently applied to
THEKEY’s existing first-generation IDV solutions, which has built a very solid ground
work to guarantee the successful development of BDMI,
• 23 copyrights have been obtained, 15 patents have been accepted by SIPO (State
Intellectual Property office of the P.R.C) and start attestation process.
• THEKEY’s first-generation IDV solution is currently in use for mobile social insurance
pay in two pilot cities, which people can receive their payment for their pension, or
healthcare insurance reimbursement. The IDV solution is currently being deployed in
another 41 cities, covering more than 130 million people.