Back in November 2017, we released our White Paper “A Decentralized Ecosystem of An Identity Verification Tool Using National Big-data and Blockchain,” and in late December of the same year, we followed with the release of our “MVP Development Plan.” These two documents outlined our plan where we proposed the development of a Blockchain based Dynamic Multi-Dimension Identification (BDMI) technology in order to solve a fundamental issue of the digital world by providing “undeniable” and ”unalterable” identity verification (IDV) services. As we indicated in previous months, THEKEY project team would work to complete the feasibility study for BDMI in order to build a solid foundation for its future application and promotion through the development of a Minimum Viable Product (MVP) by the end of June 2018. However, as I had antcipated, our MVP was accomplished on April 30th, significantly ahead of the schedule and at the highest quality. That was why I informed the community during the AMA dated April 20th 2018 that another important Progress Report would be released around May 20th.

However, as you may have already noticed, the MVP Progress Report was just made today, 8 days after the day it was announced. This is because we have received tremendous positive recognition, far beyond my expectations, from the Government as well as the KOLs involved in our internal and external reviews. I am privileged, humbled and greatly encouraged by the results of the evaluation of our first MVP and pretty sure you will feel the same. Please do stay tuned for more news to be released before June 1st 2018. I thank you for your support and hereby release below the Progress Report for the MVP.

THEKEY, which you can always trust and rely on.

With warm regards and I remain,

Most truly yours,

Catherine Li,

Chairwoman and CEO of THEKEY