TheKey Is A Decentralized Ecosystem of An Identity Verification Tool Using National Big-data and Blockchain Technology

THEKEY Project Team is now developing an identification verification (IDV) tool with blockchain based dynamic multi-dimension identification (BDMI) by using Personally Identifiable Information (PII) which is exclusively authorized by government authorities.

By leveraging government’s PII and blockchain technology, in addition that the results generated from our IDV is neither denied nor altered, there are 3 undisputable advantages comparing to other existing IDV products:

More Reliable Results: The supporting data is gathered in real time, is comprehensive, accurate and reliable. The data is also validated in advance by government agencies or other public institutions.

Lower Cost: Full use of existing data sources. Avoidance of duplicate work for data collection, processing and authentication.

Better Experience: It is not necessary for individual users to install any application or upload any information.

“23 copyrights have been obtained, 15 patents have been accepted by SIPO (State Intellectual Property office of the P.R.C) and start attestation process. THEKEY’s first-generation IDV solution is currently in use for mobile social insurance pay in three pilot cities, which people can receive their payment for their pension, or healthcare insurance reimbursement. The IDV solution is currently being deployed in another 41 cities, covering more than 130 million people.”

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