HashKey DID, a decentralized means for one to become kyced and backed by layered of security which ensures all users recorded information are not in any form leaked to any 3rd party.
The term KYC as to do with a selected platform creating a means of verification which allows users to record their actual identity in other to gain access to certain inapp features, this is done to combat against fraudulent activities, remove bot action by allowing only real users, also mitigate certain individuals due to their state jurisdiction about certain apps. The list goes on and basically one have to input their data everytime such action is required.
What if a system was in place and you only need to record your data once and nothing more? Say after recording, any and all platforms that requires such information can simply verify your authenticity from the initial app and grant you all advantages regarding kyced users? This will be cool right? Well this is what HashKey DID is bringing and I for is hyped to what the future has to offer.
HashKey DID simply doesn't provide a means to kyc users but they also provide a digital name of your choosing to replace or rather stand as a cover to your crypto private public address, meaning you don't have to cram those long auto generated characters, with HashKey DID you can simply pick a name of your choice which acts to represent your public address and by simply inputting it in supported platforms, it auto generate your initial address and recognizes the said user, the advantages goes from easy sending of assets, to easy identification of users via different forms of DApps and what have you.
Few days back, Aton wallet made an update to their wallet features and happy to say that the addition of HashKey DID was one of this added features.
What does this mean?
This mean that users of ATON wallet can simply create a web3 identification via HashKey DID, create a special name of their choosing and link to the address of their choice. With this, you can now interact with Aton wallet or any other supported wallet to move your LAT assets by simply inputting your HashKey DID handle instead of your public address
Using the above as example, with my very own HashKey DID handle called otemzi.key I am able to send out assets (LAT) to my preferred address, with this I don't have to copy my previous auto generated address to any other party for any form of services rendered to get paid or maybe partake in other forms of events, I simply have to input otemzi.key in the required box and just like that my address become visible.
ATON wallet also verifies if the handle is correct to ensure you don't make any form of mistakes during transaction, if for reason a certain alphabet or number was not added, it gives you a error sign alerting you that the name inputted is not correct which in turn saves you the stress of sending your assets to a wrong address.
Again the bearish season as numerous individuals have alighted to be a time of building and implementing, PlatON Network is truly a definition of this and I for one can't wait to see what else the team has in store for us.
Until some other time, don't forget to follow PlatON Network on Twitter and also join their various social media channels to get early access to all informations that comes up.
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