Citizen App: Difference between revisions

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|imagecaption=Know Your Customer
|imagecaption=Know Your Customer
|team-members=Dataswift, TODAQ, Grabba
|team-members=Dataswift, TODAQ, Grabba
|poc=Ben Forbes
|poc=Tyler Weir
|location_city=Cambridge, England
|location_city=Cambridge, England
|status=Implemented
|status=Implemented
|sector=Data
|sector=Cybersecurity and Privacy, Data, Smart Region
|summary=A new paradigm for Know-Your-Customer (KYC): removing the need for third-parties and KYC-as-a-service through self-credentialisation
|summary=A new paradigm for Self Sovereign Identity with “Bring your Own” Know-Your-Customer (KYC) through self-credentialisation
}}
}}
=Challenges=
=Challenges=

Revision as of 17:36, January 12, 2022



Citizen App
EKYC.jpg
Know Your Customer
Team Organizations Dataswift
TODAQ
Grabba
Point of Contact Tyler Weir
Participating Municipalities Cambridge
England
Sectors Cybersecurity and Privacy
Data
Smart Region
Status Implemented
Last Updated December 4, 2024

Summary

A new paradigm for Self Sovereign Identity with “Bring your Own” Know-Your-Customer (KYC) through self-credentialisation

Challenges

  • Launched an entirely new “bring-your-own” KYC model with partners
  • Enable any individual globally to self-credentialise, with government approval, and use those credentials across businesses, dramatically cutting costs and approval time
  • Provide a decentralised Identity, Credentials and Asset Ownership to ensures immutable integrity of KYC assets and transactions
  • Enable credentials stored on an individuals’ Personal Data Servers to render citizens the legal owners and sole purveyors of their own sensitive information

Solutions

An open-source citizen app that will showcase self credentialisation and KYC for use by consumer apps