BlockID is enabling people and companies to escape from the legacy systems of paper-based documents and move into a true digital identity with unprecedented privacy, security, transparency and individual rights by leveraging the power of blockchain technology.
In today’s $4 trillion digital economy where money can be sent across the world in milliseconds and everything from buying food to submitting a job application has moved online, simply proving who you are to those who genuinely need to know has remained stubbornly rooted in the legacy age of paper.
Try opening a bank account, applying for a government service or even buying a SIM card for a mobile device, and you’ll need to provide a physical ID such as a driver’s license that’s then scanned or photocopied to satisfy regulatory requirements. The online world is even more chaotic. The average person has over 50 digital identities, each stored by a different company or government organization in siloed identity management (IDM) systems. Security protections range from strong to barely existent.
Maintaining valid information across these multiple stores can be challenging for individuals and companies alike. Worse still, users have little or no control over their own digital identity information.
BlockID by 1Kosmos is the answer to these challenges. It’s a revolutionary new technology that enables users to store their identity data in a secure digital identity safe on their own mobile devices, and provide it easily to those who need to access and validate it.