Re: [PRE-SALE] [SELFKEY] ID Wallet for Citizenship, Fintech, Exchanges and much more
At SelfKey side, noone checks for Authenticity. SelfKey merely provides the underlying technology and framework, but will NEVER check or store your Data.
Instead, fractioned bits of your ID (which is stored on the users device only) will be hashed and then through the blockchain sent to a certifier that participates in the network.
Kindly refer to this Article and its graphics that illustrate this process quite nicely:
https://blog.selfkey.org/the-key-economy-d7fbc9efc270
I hope that helps!
Instead, fractioned bits of your ID (which is stored on the users device only) will be hashed and then through the blockchain sent to a certifier that participates in the network.
Kindly refer to this Article and its graphics that illustrate this process quite nicely:
https://blog.selfkey.org/the-key-economy-d7fbc9efc270
I hope that helps!
It mentions the Sybil attack. Now I am interested. Because a Sybil attack is one of the major flaws of identity and reputation management on the internet. Usually countering the Sybil attack is at the cost of losing anonymity and privacy, so I wonder how SelfKey solves this.
And if they do apply the same principle as bitcoin did, then this would be a great project to develop.