Citizen App: Difference between revisions
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An open-source citizen app that will showcase | 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 | |
---|---|
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