Topic: [SELFKEY] ID Wallet for Citizenship, Incorporation, Fintech, Banking, Exchanges - page 73. (Read 37493 times)

Hi, ID documents and information is never stored in a server, nor in the blockchain. ID remains locally stored in your device.

This makes identity theft unlikely, as there is no database to hack. The only way to steal your identity could be hacking your personal device, but this is an existing risk, whether you use or not SelfKey.


Adding to my previous comment: ID is shared through a hash on the blockchain. This means that your ID is never stored in the blockchain.


SelfKey is a platform that connects users, certifiers and service providers.

Example:

User: you

Certifiers: e.g. notary

Service Provider: e.g. Bank, a crypto exchange, a token sale, corporate secretary, immigration agent..etc

You will have your documents notarized through eNotary services (fully electronic and online)

Then you will share your document notarized with a service provider to access a product or service. Some services such as a coin exchange or a token sale could not require a notarized document. In this case you could directly apply without notarization.

There is no government interaction here.

We have already partnerships in place to run the platform so we can guarantee its usability.

At some point, could be good having governments as verifiers, but this is NOT indispensable. Platform can run without them.

Our desktop wallet will be ready on January, with this wallet you will be able to access ID documents and store ETH, KEY and any ERC-20 Token. This means that you could send KYC+Payment to Token Sales with just one click.

The web wallet is already in use/has been used by Token sales such as Gatcoin, Airswap and many others.

Let me know if any other question.

Their Whitepaper is available in English, Spanish, Russian, Korean and Japanese:

https://selfkey.org/whitepaper/

from the explanation or information of the project thread, I can conclude that this is a good project and have a good future. is there any item translation in this project

How will this working step by step and how will be secured the procedure of buying so never occured a identity ID document theft?

How would a decentralized ID wallet work in countries that have centralized IDs? Sorry if I'm missing something

Awesome, great article Juan! Envisioning the next update as I type, SELFKEY TO THE TOP!

Btw, check this new blogpost! https://blog.selfkey.org/the-growing-selfkey-ecosystem-ada849781ca5

Every day is getting more clear that crypto companies are like any other company, and banks know that they can make profit or take advantage from partnership them. Everything is going according the plan guys

Yes I agree completely man. But to dispell the Dystopia-FUD here a little bit:

It is nice to see that big institutions such as banks and even some governments are cooperating with SelfKey,
choosing decentralization.

I
Im not sure i understand you correctly here.  Are u asking if a decentralized ID wallet  would be beneficial for countries that centralize IDs?

Looking forward to that Desktop Wallet. I think having something to "touch and feel" will be very helpful to bringing this project to a larger audience.
I already like the marketplace alpha.

Centralized Government digital ID with biometrics is not really a new thing though.
Check Malaysias MyKad system.  It was introduced in 2001 i think.
Centralized database of fingerprints and even iris scans.  Enrollment is compulsory and failure to comply can be punished by imprisonment.
Now imagine that.  And people have 0 control over their identity,  dont even kmow what gov or third parties are doing with  it....

Problem is still the regulatory side. If people in lets say India start to adopt SelfKey, but every bank, insurance and mcdonalds requires them to have an Adhaar ID - bad.
However, Things like SelfKey would still work in an international context. This would give firther incentive to offshore bank accounts and such - which on the long run could prove dtrimental to indian economy

Thank you for your words.

With token sales under an increasing regulatory scrutiny, most are realising that KYC should be done at the highest standards.

We are providing this service, our web app is being used by several, we are already market leaders on this field, and we expect that with the new Desktop Identity Wallet that we will launch on January, our market position will be even stronger.

Through the new wallet, besides of performing KYC, users can import their keys and send ETH to Token Sales. This means instant onboarding, sending ETH and KYC with just one click.

This was a great article! Very well written and this is the best compliance-based projects I've seen! Good luck  

https://blog.selfkey.org/the-growing-selfkey-ecosystem-ada849781ca5

They only let the states in Nigeria implement new land registry laws. There's a ton of indigenous land out there for the rightful people to claim but you drive a good point, especially for countries like India.

Could you see a project like Self-Key being implemented into a country like this w/ states? I understand the Nigerian fed. government allowed their states to do as they please, as this identity wallet could be very beneficial to countries that centralize all of their peoples IDs.

Seems like a promising project. A lot of third-world countries could benefit from this in the near future.
Can't wait to see the next update!

Nice to see new people joining this thread, welcome everybody!

They don't understand the first thing about the egalitarian spirit of LIFE and need to be introduced to cryptocurrency (or at least, the fun 'n' fair spirit that I believe crypto SHOULD have) like Selfkey. It's prime time baby there is no time to be lacking!!!