Review on THEKEY by Robiul Islam
A Decentralized Ecosystem of An Identity Verification Tool .
The project aims at putting its best effort in bringing an Identification verification tool that will be prospering in the blockchain technology in the coming time. The tool is completely available for one to use if they want to. They are possibly the best at presenting and using the ID data. It is one of the largest IDV companies in the world, which has already taken off with millions of users and is now just integrating Blockchain in technology. By use case, this project should be one of the biggest in the crypto market. The only reason this is not at the top of the crypto market is because people are not aware of it.
I'm not a professional or financial advisor, I’m definitely not telling you to buy this coin. I’m just sharing that personally I’m bullish on this project. Please always do your own research and make your own decisions.
Pros
- The project has Close Relations with Institutional Industries Such as Banks, Insurance Companies and Universities. All Perfect Use Cases for Identity Verification Technology to Protect Both Users and the Bodies Providing Services.
- Personal Identity Data of Millions People in over fifty Cities, Approved by the relevant government authority, connected to real-time basis. Their relationship with the Chinese government adds huge commitments to the project and Adds a Point of Difference from Competitors like Selfkey And Civic.
- Pilot Program Is Already Being Used in Two Chinese Cities for Health Insurance Payments and Pension Payments with the Plan to Scale out to More Cities. The Fact That Pension Payments Are Being Processed with Thekey Shows Strong Support from the Chinese Government.
- Solid Strategic Partners Such as NEO, Changlong He and a Host of Other Large Financial Institutions with a Huge Presence in China. It is very credible by some high profile organizations in China that is very clear.
Cons
- It’s Very Easy to Point of Selfkey and Civic as Clear Competitors. In some cases, such as KYC and All-In-One Identity Solutions, these two seem to be important competitors.
