Citizen App: Difference between revisions

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=Solutions=
=Solutions=
An open-source citizen app that will showcase various global case studies around its use.
An open-source citizen app that will showcase self credentialisation and KYC for use by consumer apps

Revision as of 15:42, January 12, 2022



Citizen App
EKYC.jpg
Know Your Customer
Team Organizations Dataswift
TODAQ
Grabba
Point of Contact Ben Forbes
Participating Municipalities Cambridge
England
Sectors Data
Status Implemented
Last Updated November 26, 2024

Summary

A new paradigm for Know-Your-Customer (KYC): removing the need for third-parties and KYC-as-a-service 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