Review on THEKEY by francis fernandez
THEKEY: incorporating blockchain into everyday life
The use of blockchain technology has covered many areas of our lives; allowing to modernize many conventional processes that cause delays and are outdated or unreliable.
With the launch of THEKEY, the incorporation of blockchain technology into the social policies of governments is achieved; allowing the validation of the information of its beneficiaries through the use of the security provided by the distributed ledger.
The platform works on the NEO chain and uses the TKY cryptocurrency.
How does THEKEY contribute to government social plans?
THEKEY allows you to create a true, unalterable and secure record of all the individuals that are part of the payroll of a government entity or any public or private organization.
How do you do it?
THEKEY uses blockchain technology to create a personal verification system that allows an individual's data to be permanently established on the blockchain; avoiding falsifications and helping to design an accurate, efficient and real database. For this, it relies on smart contracts that allow the design of reliable digital identification solutions adaptable to the needs of any person, company, financial or government entity.
What makes it exclusive?
• Provides digital identification solutions tailored to the requirements of its customers.
• Uses the latest technology in its applications
• Offers services individually and globally
• It can be used on mobile devices and web pages as a payment gateway for government social plans
• Has government backing in China.
• Allows the validation of personal data without access to applications
These and other reasons make this platform a very valuable identification verification instrument for both organizations and government entities; since it allows them to save time by generating reliable information quickly and safely.
Pros
- It allows systematizing the conventional processes of organizations
- Provides security for confidential data
- It allows to generate and validate real data
- Achieves integration between government entities and blockchain technology
Cons
- Listed in few markets
