KEY

KEY

SelfKey
$0.002815
+2.34%
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Max SupplyCirculating SupplyIssue DateIssue PriceConsensus ProtocolExplorer
5,999,999,9542,704,851,1352018-01-15$0.015000
POW1
etherscan.io
Total SupplyCryptographic AlgorithmSource CodeWhite PaperWebsiteType
5,999,999,954Ethashhttps://github.com/bihu-id/http://selfkey.orgTOKEN

SelfKey is a blockchain based self-sovereign identity ecosystem that empowers individuals and companies to find more freedom, privacy and wealth through the full ownership of their digital identity. SelfKey enables an identity wallet, with which individuals and companies can control and manage their personal data, securely manage their cryptocurrency portfolio, transact with certifiers and relying parties and easily and painlessly onboard onto financial, immigration and cryptocurrency related services. The SelfKey Identity Wallet is a solution to the ongoing problems of vulnerable centralized identity management systems, tedious paper-based KYC processes and financial services accessibility, and is capable to: -Secure identity attributes and documents locally, avoiding risk of massive data breaches. -Share documents through a public/private key mechanism, so the identity owner can rest assured that shared data is only visible to third parties to whom he has given his consent. -Create individual’s digital identity and request reusable identity attestations to qualified certifiers that can be shared multiple times with multiple service providers, avoiding repetitive and tedious KYC onboarding processes. -Access a broad range of immigration, corporate, financial and cryptocurrency related services listed in a Marketplace. Initially these services will include: Exchange platforms, ICOs, incorporation, bank accounts, residency and citizenship by investment. -Securely manage cryptocurrency assets SelfKey also enables a concept called "verified claims". This concept allows for a person to prove something is verified by a trusted party without having to reveal the information itself. For instance, a person can prove he is American, without revealing the passport or ID itself. By sharing the claim only (instead of the document) the entire process becomes much safer. Blockchain technology allows for these verified claims to be shared in a decentralized manner, without a central issuing authority, who would likely store the data in a large database that can be hacked. Verified claims are reusable attestations that can be used to onboard onto services without having to share your all the information repeatedly. The SelfKey ecosystem is powered by its native token KEY. The KEY token is an ERC-20 based cryptographic token used as access rights and payment unit within the SelfKey Network. The KEY token is designed to enable self-sovereign digital identity and onboarding to financial and immigration services in a simple and secure manner. Identity Owners - Staking certain amount of Tokens will be required to unlock marketplaces - Staking certain amount of Tokens will be required to onboard to certain services - Staking certain amount of Tokens could be used to ask for a priority services. - Products and services will be either wholly or partially priced in Tokens. Certifiers Bonded Notaries - Staking tokens will be required to provide services within the network - in the same way notaries need to post a surety bond. - Certifications shall be paid in tokens. Service providers - Staking tokens will be required to offer services within the network. In cases where a service provider cannot buy tokens (such as a Bank or a Utility company), the Foundation will stake the tokens on their behalf. - Part of the services shall be priced in tokens. SelfKey envisions a free world in which identity transactions are secure, private, without a central issuing authority and paper documents, so that, finally, individuals truly own their own identity.

  • The Latest Rating
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Coin Bureau
3.5

SelfKey (KEY): Self-Sovereign Identity Management

2018-11-15
SelfKey is creating a Self-Sovereign Identification System (SSID) that will make use of blockchain technology to keep the personal identity decentralised and secure. This will allow the holder of the identification to keep their information in their control while still completing KYC steps required by exchanges and ICOs. In order to do this, SelfKey makes use of few key pieces of technology. The first of these is the SelfKey Wallet which is a cryptocurrency wallet that will not only store coins but allow users to store and administer their SelfKey ID. This is the ID portal within the SelfKey wallet that allows for quick and easy edits of key ID attributes. Another part of the ecosystem is the SelfKey marketplace which will allow the SafeKey users easy access to services and goods. Given that their IDs are already connected to the network, it will be easy for the users to purchase these goods / services from the providers. The utility token that will drive the SelfKey ecosystem is called the KEY token and is an ERC20 token. This will be used to access the goods and services that are listed on the SelfKey marketplace. For example, they will be used to pay for notarization, verification and certification services, as well as any fees such as for opening a bank account or beginning an insurance policy. The total KEY supply is set to 6 billion KEY and it will use the same consensus protocol present in the Ethereum network. SelfKey was developed by a Company called KYC Chain that is based in Hong Kong. KYC Chain was founded in 2013 by the current CEO, Edmund Lowell. They held an ICO in January of 2018 and were able to sell a total of 2 billion KEY tokens for $21.8m in ETH. The tokens hit the exchanges not long after the ICO and have been very volatile. They were recently listed on Binance and over 90% of the trading volume has since taken place on this exchange.
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Shulian Ratings
2.5

Key | Rating:B+ | Outlook: Developing

2018-09-06
Developed by Edmund Lowell in January 2018, SelfKey is a platform that manages data of personal identies. The platform also provides various services, including immigration, banking, financial technology products, token sales, digital currency transactions, etc.
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TokenInsight
2.5

Selfkey | Rating: B | Outlook: Stable | Risk: Medium

2018-08-31
SelfKey is a digital-identification network utilizing blockchian technology. The project aims to provide a system to help individuals and companies manage the digital identity and cryptocurrency portfolios. The risk mainly comes from the large proportion of tokens held by the team. Besides, the vesting period scheme is not fully disclosed.