so if i understand well this project is a way to keep safe personal documents on line,on blockchain,with the possibility to sign documents digitally,and to do quicker kyc,it seems a nice idea to save time and keep in a more secure and private way the documents,i will follow the project with interest
You have all rightly understood, the project will be very necessary in the future.
Not quite right, sir!
The documents are
NOT kept online nor on the Blockchain, as SelfKey considers this not secure enough.
The documents are
only kept on your personal device. The
blockchain is used to transmit only parts (like your age) of these documents. And only after they have been
hashed,
so they are useless to any possible perpetrator!
This is a very important point, as storing documents online or on the blockchain is NOT a secure solution!
I wasn't aware of it. Selfkey doing his part maximum to keep our documents safe.
But of course, after we decide to share it with the third party, they can't stop them using it for malicious reasons.