The SelfKey digital identity management system allows users of the system to own and manage digital personal data.
about the project
The project provides decentralization of identity management, allowing users to store data about themselves and their documents on their own device. Each user only has the right to decide who, when and why he transmits personal data. No one has access to information without the user's consent - this is what SelfKey calls "self-limited identity."
The SelfKey network includes the Identity Wallet, a wallet that allows users to request certificates of identity cards and the Marketplace, a trading platform that allows users to buy products and services.
Token KEY will play a decisive role in launching the SelfKey ecosystem, as all products and services will use the system's token as the payment face value. For example, KEY can be used to pay for attestation of requests and for listing on the exchange, as well as for obtaining an identity confirmation.
Using their certified identity documents, SelfKey clients can use an integrated market of goods and services, which includes more than 250 items.
Some of the products and services that will be available on the SelfKey site:
Command
According to the representatives: "The project team of SelfKey includes a group of highly qualified innovators who are passionate about personal issues, as well as some of the brightest legal and business minds in the industry."
There are no links to additional information about team members on the site. Instead, there is a lot of information related to the company. For example, the video of the founder of the project, Edmund Lowell, who talks about the protection of the individual at various finteh conferences.
Tokens Kay
The Whippeper clearly explains the concept and objectives of the project, but not much information is provided about tokens and ICO, probably because at this time the project is at the closed preselection stage.
Risks
While SelfKey has the advantage that it is one of the pioneers in the matter of data protection with the use of a blockbuster, the project is not alone working in this direction. Projects such as Civic (CVC) have already stated their ideas and succeeded: the cost of their token has grown 3.5 times in just a few weeks.
Although the Whippeper well describes what is trying to implement the project, it contains little information about the team and tokens that will be released. Probably, this is due to the fact that the project is at an early stage of development.
Potential
Identification protection is a necessity, and the demand for it will continue to grow, as the world acquires an increasingly digital landscape. Previously, there was only one document number, and at the present time there is a much wider set of identity identifiers.
Decentralized identification eliminates the risk of hacking a central server and stealing valuable information. Using SelfKey, users and organizations can avoid data security breaches.
ICO is scheduled to launch on January 15, 2018, and now you have a great opportunity to get into a closed pre-sale or, at least, to be in the main round of sales at ICO.
The cost of confirming identity by banks and other organizations will grow; SelfKey can help to minimize such costs. In addition, compliance with the law of KYC (know your customer) is mandatory for almost all companies that process user information. Among these companies, fiinte start-ups, financial intermediaries, companies and real estate agents, precious metals traders, proxies, corporate service providers, lenders, banks, securities firms, lawyers, accountants, non-profit foundations, professional service providers, notaries, governments , insurers, financial institutions and, in general, any legal or natural person dealing with money or finances.
The solution from SelfKey can help banks not only limit costs, but also speed up the process of identifying users.
Outcomes
The project is in the early stages of the ICO, and the creators have yet to finalize the project. However, since the project is now at an early stage of its development, the first investors can get significantly more favorable investment conditions for participation in the presale.
Although I want to see more information about the project and its team in the Whipper, the project does not look like fraud. The project received significant coverage in the world's leading publications, and the founder has been actively promoting this project for quite some time.
Information on investments
Visit selfkey.org if you want to know more about the project itself, as well as about the private presley and upcoming ICO.
