Selfkey

Contents

Overview of Selfkey

  • SelfKey is a blockchain based digital identity system with an integrated financial services marketplace, designed to put identity owners in control of their personal data and instantly access citizenship by investment, incorporation, financial services, token sales, coin exchanges and much more, in a safe, secure manner.
  • SelfKey enables an Identity Wallet, with which Identity Owners can truly own, control and manage their identity data, receive reusable identity attestations and instantly and painlessly onboard onto a wide range of financial, immigration and cryptocurrency services listed on the SelfKey Marketplace.
  • SelfKey will also help enable future-focused technologies which include identity hubs and digital identifiers (DIDs), which can help meet global regulator requirements which include FATF’s travel rule through secure, consent and DID-driven integration.
  • SelfKey provides its users with the opportunity to not only remain private on the ecosystem that they have created, but to also perform transactions and provide services – all while having peace of mind concerning security and anonymity.
  • SelfKey Founder Edmund Lowell said, “SelfKey technology makes it simple and easy to do KYC in a decentralized manner and puts the user in full ownership and control of their identity data, a fewthing called Self-Sovereign Identity.
  • SelfKey, a Blockchain based company that saw its initial coin offering sell out in just 11 minutes this past January, has revealed two new partnerships with a Dutch Antilles-based bank (Curaçao) and a Cayman Islands-based bank.
  • SelfKey states that they ‘envision a free a world in which identity transactions are private, without a cnetral issuing authority and paper documents, so that, finally, individuals truly own their own identity.’
  • SelfKey raised US$21,780,000 in an ICO earlier this year and has just released a beta version of their flagship wallet product, so we thought now would be a good time to give this project a thorough once over.
  • SelfKey also partnered with Polymath, a firm which helps guide issuers through the complex technological and legal process of a successful token launch – from creation to issuance and fundraising.
  • SelfKey, a blockchain-based digital identity system, has announced plans to integrate KyberNetwork crypto currency exchange service  to provide ETH-based tokens exchange within the SelfKey Wallet.
  • Blockchain

    (Description provided by CryptoCompare)

    Mine

    The most prominent strength for SelfKey is that its universal digital ID solution allows users to efficiently and seamlessly complete KYC requirements across a number of service providers.More critically, the user maintains complete control over their own data at all times.

    Network

    Recently, SelfKey had inked a partnership deal with Kyber Network to integrate the Kyber Exchange platform into the SelfKey Wallet, which will provide SelfKey Identity Wallet users with the ability to trade a broad range of ERC20 tokens from within the wallet application.

    Support

    The SelfKey Wallet is one of the wallets that only supports Ethereum and all ERC-20 Tokens in its storage, this is one of the most secure platforms when it comes to storing your crypts, it has KyC…See more

    Transactions

    Are all the top cryptocurrency exchanges based in the United States?

    No, definitely not! While some of the top cryptocurrency exchanges are, indeed, based in the United States (i.e.Coinbase or Kraken), there are other very well-known industry leaders that are located all over the world.For example, Binance is based in Tokyo, Japan, while Bittrex is located in Liechtenstein.While there are many reasons for why an exchange would prefer to be based in one location over another, most of them boil down to business intricacies, and usually have no effect on the user of the platform.

    Can DeFi Strike a Balance Between Compliance and User Privacy?

    DeFi needs to continually evolve like any other innovative technology in its early days.The immediate path for DeFi might be regarding its regulatory compliance.But applying regulatory compliance on DeFi might not be that easy, and it would be critical that such a solution would need to address any user privacy concerns as well.

    Can you tell us how SelfKey got started and why?

    Mark: SelfKey started as a way to streamline the repetitive KYC processes users have to go through when registering for financial and corporate services online.We wanted to create a reusable digital ID that enables individuals and companies to verify themselves in a fast, easy and secure manner, without oversharing their data.

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    How advanced is the project?

    KYC Chain, the company behind SelfKey, has been used to power KYC onboarding for different companies since 2013.KYC Chain has gone through 3 startup accelerators: Digital Ventures (setup by Siam Commercial Bank in Thailand), Accenture Fintech Lab, and Supercharger.KYC Chain has been working with established and reputable companies including Standard Chartered Bank, a British bank with operations in over 70 countries and 87,000 employees, NTL immigration, immigration agency since 1994, Gatecoin, a Hong Kong-based cryptocurrency exchange, Lykke, Kyber, AirSwap, Polymath, ZILLA, Malabar.ai, TitanFx, Gatcoin, DollarSmart, and more.In a blog post, SelfKey also listed other companies that are currently in discussion or are working with KYC Chain: tier 1 global banks, tier 1 global law firms, 3 large immigration firms (NTL Trust, Global Advisory Group, Vanuatu Information Center), a luxury services company, various legal service providers, one of China’s largest travel companies, the largest travel technology company in the world, various governments, notary publics, global compliance firms, and major bitcoin exchanges.SelfKey has developed an alpha, which you can check out here: https://alpha.selfkey.org/.

    How do I buy Selfkey?

    It is not possible to buy all cryptocurrencies with U.S.dollars.Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S.dollars using Coinbase or BlockFi.Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including Selfkey.

    How Does The SelfKey Identity Wallet Work?

    Besides managing your ERC20 tokens, the Wallet also gives you access to the SelfKey Marketplace.Besides managing your ERC20 tokens, the Wallet also gives you access to the SelfKey Marketplace.Here you will find a growing service hub, including incorporation services, cryptocurrency exchanges, bank accounts and much more.Here you will find a growing service hub, including incorporation services, cryptocurrency exchanges, bank accounts and much more.The incorporations Marketplace launched in March of 2019 and allows you to open a business and pay for it in KEY.The incorporations Marketplace launched in March of 2019 and allows you to open a business and pay for it in KEY.

    How to Buy Key Tokens?

    If, after reading the SelfKey ICO review, you’ve decided to buy some Key coins, be warned – the process might be a bit trickier than you expect.

    How to buy Selfkey on SimpleSwap?

    In this article, we have reviewed SelfKey.

    How to pick the best crypto exchange for yourself?

    Picking out the best crypto exchange for yourself, you should always focus on maintaining a balance between the essential features that all top crypto exchanges should have, and those that are important to you, personally.For example, all of the best exchanges should possess top-tier security features, but if you’re looking to trade only the main cryptocurrencies, you probably don’t really care too much about the variety of coins available on the exchange.

    Is SelfKey A Good Investment In The Longer Run? How Much Profit Can You Expect?

    Getting your documents scanned for KYC verification is one thing.And uploading the documents every time you’re requested is another thing.It’s time-consuming and a hassle.

    Is selfkey-did-ledger popular?

    The npm package selfkey-did-ledger receives a total of
    0 weekly downloads.As such,
    selfkey-did-ledger popularity was classified as

    limited.Visit the
    popularity section
    on Snyk Advisor to see the full health analysis.

    Is selfkey-did-ledger safe to use?

    While scanning the latest version of selfkey-did-ledger, we found
    that a security review is needed.A total of
    0 vulnerabilities or license issues were
    detected.See the full
    security scan results.

    Is selfkey-did-ledger well maintained?

    We found indications that selfkey-did-ledger is an
    Inactive project.See the full
    package health analysis
    to learn more about the package maintenance status.

    Is the Key coin good?

    Judging by the popular opinion online, it would seem that yes – most people who’ve bought Key coins agree that it’s surely a noteworthy cryptocurrency.This is mostly because of the fact that its technology is aimed at and dedicated to preserving user online privacy, and keeping their identity intact.

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    Now back to our very own Stefano Covolan, what’s the best thing about this partnership for our users?

    Stef:  We are always on the lookout for great products to integrate within our ecosystem.SelfKey’s solution will allow all business owners to send KYC processes to all the people they want to add as shareholders.It is a very important milestone because it brings us closer to have a full pain-free solution to incorporate and manage a private company.

    So what’s been the most exciting part of your journey with SelfKey so far?

    Mark: The most exciting part of my journey with SelfKey so far was when the Bank Accounts Marketplace was released.It was—and still is—the only blockchain application that allows you to open personal and corporate bank accounts from within a crypto wallet.

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    What are SelfKey and the Key Coin?

    SelfKey is defined as an ecosystem designed to preserve the user’s digital identity and privacy.It is based on the blockchain technology – this is the backbone of the entire project and its success.

    What are the tokens used for and how can token value appreciate?

    KEY tokens will be used to power the SelfKey network in a number of ways.Each member of the ecosystem, such as users, certifiers, and relying parties, will need to stake a certain amount of KEY tokens in order to participate.KEY tokens are also used for payments on the SelfKey platform.Example of uses include paying for request attestations, receiving identity claims, and paying for marketplace listings.As KEY tokens are needed for staking and transact on the SelfKey platform, the more usage and transaction the platform has, the more valuable KEY tokens should be.

    What coins are similar to Selfkey?

    The following coins use Selfkey’s ETH Token algorithm and proof-type: Chainlink, THETA, Binance USD, DREP, DREP [old], PancakeSwap, Aave, Maker, FTX Token, Huobi Token, Crypto.com Coin, Dai, Polygon, Chiliz and Holo.

    What does the company/project do?

    SelfKey is a decentralized identity system whereby users can instantly verify their identity to access a variety of products and services such as financial services, exchanges, token sales, passport/citizenship registration, and more.With SelfKey, the pain of KYC onboarding will be eliminated.Users only need to enter their information once, and their information can used for any products on the SelfKey marketplace.SelfKey’s products include (1) an identity wallet, (2) a marketplace with over 300 products and services including residency and citizenship by investment, company incorporation, bank account set up, etc., and (3) a protocol and API built for KYC.

    What exactly is SelfKey?

    SelfKey is a digital identification system that focuses mainly on decentralization and individual rights to the document.

    What hashing algorithm does Selfkey use?

    Selfkey is a coin that uses the ETH Token algorithm.

    What is SelfKey (KEY)?

    If you’ve followed the blockchain space for any length of time, you’ve probably heard quite a bit of talk about digital identities.While progress is being made in almost all technological arenas, the manner in which people control sensitive data and digital assets, i.e.their identity, remains rooted in the past.

    What is SelfKey?

    SelfKey is working to created a Self-Sovereign Identification System (SSID) that is blockchain based and decentralized, with all identity information remaining fully in control of the individual to whom it belongs.

    What is SelfKey?

    SelfKey is a self-proclaimed identity management platform that allows individuals and organizations to keep full control of their identity.The creators have introduced a concept known as the Self-Sovereign Identity (SSID).

    What is Selfkey?

    SelfKey is a blockchain based identity network that allows individuals and companies to truly own and control their digital identity and securely access financial services.

    What is SelfKey?

    SelfKey is a blockchain based digital identity system with an integrated financial services marketplace, designed to put identity owners in control of their personal data and instantly access citizenship by investment, incorporation, financial services, token sales, coin exchanges and much more, in a safe, secure manner.

    What is SelfKey?

    SelfKey is building a blockchain-based identity system that allows identity owners to truly own, control and manage their digital identity.

    What is Selfkey?

    SelfKey is a blockchain based digital identity system with an integrated financial services marketplace, designed to put identity owners in control of their personal data, and to allow them to request identity claims attestations and instantly apply for passports, residency and financial services in a safe, secure manner.

    What is Selfkey?

    SelfKey is a decentralized user identification service where people can fully manage their personal information.There are such products and options as financial services, exchanges, token sales, passport/citizenship registration, and more.Every user has the right to decide when, to whom, why, and what kind of personal data to transfer.No one has access to this information without the user's consent – this is what SelfKey calls "self-restricted identity".The SelfKey network includes the Identity Wallet – a wallet that allows users to request identity certificates.There is also the Marketplace which provides an opportunity to buy products and services.

    What is selfkey-did-ledger?

    Smart contracts that implement SelfKey DID Ledger.Visit Snyk Advisor to see a
    full health score report
    for selfkey-did-ledger, including popularity, security, maintenance
    & community analysis.

    What is the difference between a crypto exchange and a brokerage?

    In layman’s terms, a cryptocurrency exchange is a place where you meet and exchange cryptocurrencies with another person.The exchange platform (i.e.Binance) acts as a middleman – it connects you (your offer or request) with that other person (the seller or the buyer).With a brokerage, however, there is no “other person” – you come and exchange your crypto coins or fiat money with the platform in question, without the interference of any third party.When considering cryptocurrency exchange rankings, though, both of these types of businesses (exchanges and brokerages) are usually just thrown under the umbrella term – exchange.This is done for the sake of simplicity.

    What is the Key Coin?

    The Key coin (or the Key token) is the currency used to perform transactions within the SelfKey ecosystem.Having a decentralized, encrypted currency lets you remain assured that all of the processes you perform on the platform’s marketplace are going to remain secure and private.

    What is the Reddit page for Selfkey?

    The official Reddit community (subreddit) for Selfkey is r/selfkey.

    What is the value of Selfkey?

    One Selfkey (KEY) is currently worth $0.02 on major cryptocurrency exchanges.You can also exchange one Selfkey for 0.00000033 bitcoin(s) on major exchanges.The value (or market capitalization) of all available Selfkey in U.S.dollars is $83.18 million.

    What makes SelfKey a good investment opportunity?

    Though the crypto market is highly volatile, SelfKey is expected to grow to $2B by 2023.With an average annual growth rate of 84.5%, SelfKey does seem to be a good investment opportunity.

    What makes SelfKey better than KYC?

    Let’s see the key differences between the two to understand why SelfKey is better than KYC here.

    Where can I get Selfkey wallet?

    Selfkey produces its own wallet software that is available for download on its website, which allows you to store Selfkey on your computer.For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X.If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

    Where can I purchase Key coin?

    The purchasing process of the Key coin is a bit complicated.Unlike many other cryptocurrencies, Key coins can only be bought using crypto coins – in most cases, these would be Bitcoins and Ethereum.Once you get some BTC or ETH from an exchange, you’ll be able to buy Key coins, too.

    Where did Selfkey come from?

    The creators of the SelfKey crypto project are programmers from KYC Chain, which has been providing KY? (know your customer) services to various commercial entities since 2013.The SelfKey team is quite big — it includes more than 40 participants working on the creation and development of various sectors of the project.The team is led by Edmund Lowell, an entrepreneur and CEO of KYC-Chain Ltd.He was the first in the field of ?rypto implementing blockchain technology in KYC processes to simplify data processing for all participants of the program.The SelfKey (KEY) cryptocurrency was first introduced to the crypto market in early 2018 at a modest price of $0.08 per token.

    Which cryptocurrency exchange is best for beginners?

    Reading through various best crypto exchange reviews online, you’re bound to notice that one of the things that most of these exchanges have in common is that they are very simple to use.While some are more straightforward and beginner-friendly than others, you shouldn’t encounter any difficulties with either of the top-rated exchanges.That said, many users believe that Coinbase is one of the simpler exchanges on the current market.

    Why Download The SelfKey Identity Wallet?

    The SelfKey Identity Wallet allows you to manage all your ERC20 tokens from one convenient location.The SelfKey Identity Wallet allows you to manage all your ERC20 tokens from one convenient location.The light-weight desktop application not only provides an intuitive interface with the Ethereum blockchain, but it also shows the real-time fiat value of your tokens.The light-weight desktop application not only provides an intuitive interface with the Ethereum blockchain, but it also shows the real-time fiat value of your tokens.In the Wallet you will also find the Address Book which lets you store commonly used Addresses and consequently saves time when performing a transaction.In the Wallet you will also find the Address Book which lets you store commonly used Addresses and consequently saves time when performing a transaction.

    Why Use SelfKey?

    There is a very wide variety of reasons that could influence the usage of Selfkey and its token.They all follow one single logic, though.

    History of Selfkey