Our idea is simple: that users should be at the center of their identity management process, a concept known as Self-Sovereign IDentity (SSID). We can escape from the legacy systems of paper-based documents and move into a digital identity with privacy, security, transparency and individual rights with SelfKey, a SSID implementation built using blockchain technology, with the corresponding keys held in a digital identity wallet.
SelfKey is an identity system built on an open platform consisting of several key components including: SelfKey Foundation, a non-profit foundation whose charter and governance enshrines the principles of self-sovereign identity, a technology stack with a free and open source identity wallet for the identity owner, a marketplace with real products and services available at launch, a JSON-LD (machine readable) protocol, connection to 3rd party identity micro services which comply with KYC laws and regulations, and a native token called “KEY” which enables the SelfKey ecosystem to exchange value and information in an efficient, fully-digital, self-sovereign manner.
SelfKey sold 15.8m worth of KEY tokens in the pre-sale.
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