Citizen App
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| 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 various global case studies around its use.