SelfKey is a decentralized identity platform built on the blockchain. Individuals, businesses, exchanges, fintech startups, and banks can all use the technology to handle their identification data (oftentimes KYC). Since 2014, the core team has been working on decentralized identification at firms like Standard Chartered Bank, Bitmax Exchange, EQIBank, and GSR.
The Selfkey platform's KEY token, which is built on the Ethereum blockchain, is used to enable all of the platform's features.
Because all products and services are available for a modest fee in KEY, which will be utilized to power the 'identity ecosystem' through a variety of actions, KEY will be vital to the ecosystem's operation. For example, KEY can be used to pay for request attestations, receive identity claims, pay for marketplace listings, and trade value in general, promote use and adoption, and grant access as a token.
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