The Growing SelfKey EcoSystem

The 10+ companies building on SelfKey tech

Who can build with SelfKey? Any company which relies upon KYC or identity can leverage our technology.

To most companies, compliance and KYC (know your customer regulations) are just a cost center. SelfKey gives you a way to make money from the KYC validation your company is doing — and gives you free and open source technology to build a better compliance system.

We believe that identity should be owned by identity owners and have set out to build an ecosystem to enable this. Read our whitepaper here.

What companies are building on SelfKey Technology?

Companies that have built on, or are building include Lykke, Kyber, Polymath, Kommerce, ZILLA, Malabar.ai , TitanFx, Gatcoin, DollarSmart, among others.

We will discuss how SelfKey is working with these companies, and more — further in this document.

<— Left is an article from Standard Chartered talking about the partnership with KYC-Chain (the founder of the SelfKey Foundation). Although we can’t describe exactly what we are building with SCB, we can link to the public articles we have published together including this one from their Global CIO Michael Gorritz (who is a global leader in this area and a fantastic mind).

Read the full article here on Standard Chartered’s blog Beyond Borders or this other, different article with an interview of myself, the founder, and on how I enabled our Blockchain Startup to work with a bank:

Now you maybe thinking; that’s a Bank — what about crypto startups?

Here are just some of the companies building on the SelfKey Stack:

Lykke is a B2C Wallet (compliant and regulated in multiple jurisdictions) Lykke is one of the leading crypto wallets on the market and allows you to Trade Bitcoin, Ethereum, FX and digital assets. It proves users easy and free access and allows them to settle assets immediately and own these assets directly. We are extremely humbled at the opportunity to work with Lykke as we consider them one of the leading companies in the space.

Lykke Corp, incorporated in Switzerland, issues its shares in the form of Lykke Coins on the Blockchain.Lykke bridges conventional finance with digital assets on the public Blockchain. To ensure this, we plan to be fully compliant with the regulatory regimes in all jurisdictions where Lykke operates.

Polymath is a B2B2C Securities Token platform- you are selling a service to spin up smart contracts to be able to allow ‘issuers’ of new ERC-20 contracts to issue tokens. SelfKey microservices powers the Polymath platform to your company to be compliant with the myriad of KYC laws internationally.

Gatcoin is the new currency of digital shopping — and is a project currently doing a token Sale. Gatcoin did not want or need to build out an entire KYC system simply to perform the token sale. That’s where we stepped in and under 2 weeks used our modular microservices to deploy a fully functional web based application customized for Gatcoin’s KYC process. The Gatcoin team will independently verified and analyzed the customer data using PWC’s recommendations. They will take the ‘output’ or whitelist and imported that into their smart contract system, in order to conduct a fully compliant KYC token sale.

Update since we started this article:

“ Just wanted to thank you for the great work that your team did.” — Simon Cheung CEO, Gatcoin

Watch this space! Soon SelfKey will power token sales directly through the SelfKey desktop identity wallet (allowing you to have full control over your private keys and your KYC when participating in a token sale).

TitanFX — B2C is a foreign exchange (forex), metal and commodities broker serving both institutional and retail clients across the globe. Titan FX was born out of the need for a stable No Dealing Desk forex broker that can service a global client base. TitaxFX is a large foreign exchange trading platform which is very popular in Asia. TitaxFX is interested to use SelfKey technology to help automate the onboarding process and make it a seamless experience for the user.

ZILLA B2B2C — Fundraising platform for various ICO’s- ZILLA is exploring this option. ZILLA wants to make the ICO discovery and purchase process more transparent, and will even perform KYC on all ICO teams on their platform.

The ZILLA app has a very easy to use yet robust multi-cryptocurrency wallet, and they provide users with the ability for an ICO (a business) to offer tokens to consumers. Part of ZILLA’s value proposition is vetting teams. Their app allows a potential token purchaser to easily learn about team members at a glance, and they do full KYC on all Teams on ZILLA using SelfKey’s modular microservices to make absolutely certain token sellers are who they say they are.

For businesses selling on the platform, ZILLA helps token issuers collect and manage KYC documentation. Purchasers register their KYC/AML info on SelfKey (or on ZILLA) and can conveniently send it to ICOs that require it.

DollarSmart is a B2C cross border remittance company specializing in Asia. They get you cheaper fees for transferring money than banks — and they make the process easy. As part of their on-boarding process they are required to collect KYC and be licensed in multiple jurisdictions where they are doing business. They will be integrated to the SelfKey Marketplace.

Kommerce is a trade finance blockchain venture for frontier markets. They believe that merchants and individuals in these markets should be in control of their identities and financial futures and are pleased to work with Self Key on a journey of financial inclusion and re-mediating credit markets. Kommerce intends for Self-key to be a key part of the Kommerce eco-system, that anchors KYC for clients as they work with us to create prosperity and trade flows in these markets.

Malabar Ai — B2B & B2C Roboadvisory

Malabar AI is a new fintech Lifestyle AI company. Thier focus is to enable their platform to provide our financial advisers and their clients a complete 720 degrees view of the advice given thus, ensure advice given are the best of the breed. By focusing on these visions, their platform aims to win back the public expectation of good financial advice which will help develop increased trust in the financial advisory industry. In their own words…

“We are excited to be entering a collaboration with SelfKey. We believe SelfKey holds much potential. We believe SelfKey can assist us to solve our client’s KYC efficiency issue — as such, our goal from this collaboration is to prove the following objectives can be actualised:

With SelfKey eWallet, our KYC process, can receive “pre-notorized” documents securely and electronically so that the KYC Vetting process can be completed programmatically in near real time fashion. It is hope with this objective, once actualised, it will empower our Advisers to start advising their clients immediately as soon as the client is on-boarded.

With SelfKey’s Notary Electronic Certification, we can, subject to access to official/government databases, can self certify or self notorize identity papers/documents to establish client’s identity immediately. It is hope with this objective, once actualised, it would takes minutes instead than days to validate and to comply with local AML/CTF regulations thus making the KYC Vetting process more efficient and less error prone but more importantly more scalable, especially we have a global focus.

With the SelfKey Wallet, we can, when the adviser recommends a particular financial product to the client for its financial goals, transmit securely and electronically, the same “pre-notorized” documents to our business partners for their KYC process. It is hope with this objective, once actualised, our Advisers’ Clients do not have to repeat his/herself to photocopy the same identity papers, have it notarised again by a third party and deliver it again each time the adviser recommends a product, at which time Buyer Remorse whereby prevented him/her from reaching his/her financial goals true potential. It is hope by forward the same “pre-vetted” documents, it will reduce bureaucracy for our Adviser’s client.

To these ends, we are keen to work together with SelfKey, which we believe, if the above objectives can be actualized, would be a “game changer” in the financial planning/financial compliance domain. — Donald Soo, CEO Malabar AI Limited

Gatecoin will allow for user registration to the Hong kong based exchange directly from the SelfKey wallet. This will save time and effort for identity owners who need to go through Gatecoin’s KYC process.

Founded in 2013 by investment bankers, Gatecoin is a bitcoin and ethereum token exchange designed for both professional traders and retail investors. Through our intuitive trading platform, we enable individuals and institutions around the world to trade and invest in a wide variety of cryptocurrencies and blockchain assets.

As you can see, we can and do support a number of crypto economy projects and fintech startups. Here’s another view of our technology stack and how specifically we can support you.

Other companies building on our technology, in discussions phase or already deployed our technology:

Tier 1 global banks

Tier 1 global Law firms

3 Large Immigration Firms (NTL Trust, Global Advisory Group, Vanuatu Information center)

Smaller boutique banks

A luxury services Company

Various Legal service providers

One of China’s largest travel companies

The largest travel technology company in the world

Various smaller governments with under 1M people

A major government with over 70M people

Notary Publics

Global Compliance firms

Major bitcoin Exchanges

How do we have so many partners? We have been working on this since 2013

The following are our internal dependencies, obviously you do not necessarily have to use these, but if you are interested to join our team — you should!

Modular Microservices

SelfKey Identity microservices will let you build applications without having to worry about KYC! These services (mostly accessible via SDK or API) can help you / your customers quickly and easily validate identity and perform KYC:

The Collector : Collect KYC from anyone, in any country, any time

The Identifier : Identify a person by comparing a selfie to a document, and performing a biometric score against the two

The eNotary: Notarize the document w/ a real notary. Legally binding & valid. (includes 2 way video capability)

The eSigner: Sign a document. Sign with x509 or blockchain keys

The Hash Function: Timestamp data or documents in the ethereum public chain

The Remediator: Check against major sanctions lists to avoid onboarding terrorists, drug dealers, human traffickers or politicians,

Company Registry: Check to see if a company exists in a government registry.

Company Laws: Trust, Tax and legal information organized for over 120 countries

KYC Laws: KYC laws in over 80 jurisdictions

OCR: extracts information from the identity document to input into a form

“Tell us once”: helps map information to forms so users on selfkey network never need to submit the same information twice!

The above services are ready and in production. You can start building today. Not all, but most of them are free (some of them involve some cost)

Another view of how the system works. Critically — only a hash is stored on chain. No personal identifiable information is ever stored on the blockchain.

These microservices are built as small and flexible as possible to allow for a variety of different applications to be built on top of them. These modules have been used to build custom software for large banks such as Standard Chartered, to humble small startups with big ambitions.

You can read our whitepaper and join our community to find out more about SelfKey, or contact us directly if you would like to become a partner, and be incorporated to our ideas portal where we incorporate feedback requests from our partners including some of the companies listed above.

SelfKey is built with a modular “puzzle-piece” type architecture made of something called called microservices. These modular identity microservices include various different elements to enable either a B2C, B2B or B2B2C or even a B2B2B application.

TL;DR —So what will you build with SelfKey?

The choices are yours and yours alone!

Come and build with us!

Here’s a deck of how you as a developer or startup can build on SelfKey / KYC-Chain infrastructure to accelerate your time to market.

Purchasing SelfKey, a Self Sovereign Identity Token (known as “KEY”), should not be considered an investment, and it should not be purchased for speculative reasons.

The KEY token does not give its holder any right to profits, and it does not represent any ownership interest. It confers no ability to vote or manage. KEY is a digital asset that has value and utility solely within the SelfKey Ecosystem for the exchange of goods or services.

This document contains statements relating to future events and intentions, beliefs, expectations, and predictions for the future. Words or phrases such as “will likely result,” “are expected to,” “will continue,” “is anticipated,” “we believe, we expect, estimate, project, may,” “will,” “intend,” “plan,” “believe,” “target,” “forecast,” “would” or “could” (including the negative variations thereof) or similar terminology used in connection with any discussion of future plans, actions or events generally identify forward-looking statements within the meaning of the laws of some jurisdictions. These statements are based on current expectations. However, there are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements included in this document.