Re: [ANN] [SELFKEY] Identity Wallet to Buy Citizenship, Fintech, Crypto & much more

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....

Wow, that's rough. You think Selfkey and projects like it can help situations like this?

Their approach is of much transparency Anthony C. They've stated that the user does not store any data or documents on SelfKey's servers nor on the Blockchain but stored in the personal device of the user. Meaning; no centralized database.

Also their marketplace passport products go through citizenship by investment i think, so there is no gov involved directly. However i heard the dev state somewhere, that direct coop with goverbemts is a real possibility in the future. But i doubt that the malaysian gov would consent to decentralizing their id system

Yes the scalability is endless here. SelfKey will act as the glue that keeps together new, decentralized tech and disrupted legacy systems