MYKEY, the world’s leading smart wallet, announced to join “Decentralized Identity Foundation (DIF)” to explore the development of decentralized identity together with Microsoft, IBM, MasterCard, WeBank and other world-renowned enterprises.
DIF was founded in 2017 and has nearly 100 members, involving giant companies(Microsoft, IBM, Accenture, etc.) and blockchain startups(HyperLedger, R3, Blockstack, etc.). DIF has six working groups including Storage and computation, Authentication, Claims and Credentials, etc, focusing on developing the foundational elements necessary to establish an open ecosystem for decentralized identity and ensure interop between all participants.
GEORGE SHENG, CEO of MYKEY, said: Based on the open-source self-sovereign identity protocol KEY ID, MYKEY provides a secure, self-recovery and gasless blockchain accounts, attracting more than 130,000 users. Moreover, MYKEY has the unique design and implementation in authority management and cryptographic algorithm. Joining DIF marks that MYKEY is in line with international practice. MYKEY will work with other members of DIF to promote the development of the user’s self-sovereign identity system. Meanwhile, MYKEY will contribute to strengthening the connection with international apps and blockchain dapps, protecting the privacy and security of decentralized identities, and formulating industry-related standards.
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