Review on Selfkey by Gabriel Medina
Digital identity certificate platform
Selfkey (KEY) is a decentralized platform for the maintenance of control and management of identity in its entirety that has the concept of self-sovereign identity that puts us in control of our data and ensures that we leave behind identity theft in the past.
Project details
The project evolved from KYC-Chain. The company enabled organizations and individuals to better manage their customer insight processes. The next step for the company was to raise funds in the ICO market and SelfKey was born.
Team
The team is well documented and fully confident compared to other cryptocurrency projects. Developer profiles are on LinkedIn. It is a large group.
KYC
This platform will facilitate this annoying identity verification process by doing it only once. With this innovative system, KYC verifications will be much easier to perform and users will be able to safeguard their identity to use it elsewhere.
Business
Companies will be able to carry out their digital identification process. This would solve the problems of identity theft or document fraud.
Cryptocurrency
The KEY token or currency is used for the payment of business services that support it, in addition to being possible to be sold and bought in different major cryptocurrency exchanges worldwide.
Security
This platform has taken a big step in the decentralization of identity management to prevent fraud and identity theft.
Conclusion
Selfkey is an attempt to solve the identity problems of a new digital generation. It allows companies to streamline verification processes (which are really annoying for some people), and greatly benefits identity owners who want to protect themselves.
Pros
- Decentralized platform that will be of great help to us (both for people and companies) for the maintenance of our identity avoiding fraud or impersonations that invade it.
- It solves the annoying problems of KYC verifications making them much easier and faster.
Cons
- Lack of simplicity in website and whitepaper.
- Certifiers could have excessive power that can be used to abuse the system, these would become the bottleneck.
