Name : SelfKey (KEY)
KEY Price : $0.007 -2.82%
Consensus Mechanism : Token
Volume: 4,898,172
Market Cap: 38,809,227
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Last Screening: Q1 2024
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Overview
SelfKey is a blockchain-based identity project focused on safeguarding digital identity rights through a self-sovereign approach. Embracing the concept of Self-Sovereign IDentity (SSID), SelfKey aims to shift from legacy paper-based systems to a digital identity framework that prioritizes privacy, security, transparency, and individual rights. Key components of the SelfKey ecosystem include the SelfKey Foundation, an open-source identity wallet, a marketplace offering real products and services, a JSON-LD protocol, connection to KYC-compliant third-party identity microservices, and the native token KEY. By enhancing the security, privacy, and efficiency of identity transactions, SelfKey envisions a user-centric identity system that empowers individuals to truly control and manage their digital identity. The network is designed to be censorship-proof, fair, inclusive, and transparent, fostering a bridge to a digitally signed, verified identity claims and governance-focused future.
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