We are excited to announce that the SelfKey Identity Wallet Beta for Desktop will be publicly available to download on Thursday June 28th.

The launch of the wallet represents the kick-off of an application that we are building to disrupt the identity management industry, returning identity ownership back to it’s rightful keepers; you, the individual.

As of next Thursday you will be able to start building your SelfKey ID for future use in the upcoming SelfKey Marketplace empowering you to use your self-sovereign identity to instantly onboard for financial, corporate, immigration and cryptocurrency services and avoiding current tedious and paper-based KYC processes.

In addition, the SelfKey Identity Wallet Beta can be used as cryptocurrency wallet to store, receive and send ETH, KEY and other ERC-20 tokens. The cryptocurrency wallet is not tied to your SelfKey ID, so you can keep transactions anonymous.

Store and send tokens in the SelfKey wallet

Stay tuned on Thursday 28th, downloads will be available from SelfKey.org. The application is compatible both for Windows and Mac desktops.

The First Step To Owning Your Identity

The SelfKey Identity Wallet launch means the very beginning of a new identity management approach which aims to solve current major identity-related problems we are facing today:

Data Breaches and Identity Theft: Over 3 million data records are lost or stolen every day. Companies over ask for information… and lose it

Inefficient KYC processes: Identity owners are obliged to repeat the same KYC processes over and over again when applying for services.

Oversharing data: Identity owners are required to share their ID documents, sharing more information than required, which can be compromised.

A snapshot of ID attributes and documents within the SelfKey Wallet

Your SelfKey ID aims to solve the aforementioned problems by:

Self-hosted data storage: Your SelfKey ID is stored locally in your machine. You own and control at all times your digital identity.

Reusable KYC to access financial services: You will be able to leverage your verified identity to instantly access products and services.

Data minimization: Through a blockchain-based verifiable claims protocol you will be able to prove specific ID attributes without sharing their actual ID document.

On Thursday 28th June, you will have the opportunity to start building your SelfKey ID, which you will be able to use in the upcoming SelfKey Marketplace.

Staking KEY Tokens will allow you to access the marketplace and apply for a broad range of products and services and give you the ability to open bank and exchange accounts or incorporate a company with just a few clicks making the current laborious process of filling out intensive applications instant and painless.

This is just the beginning of an exciting new era of self sovereign identity, whereby an individual can not only control their own identity, but via our Identity Wallet, store and share their identity only with those whom they choose.

There will be a number of services forthcoming in the marketplace (check the demo).

In addition, there is another upcoming instant sign up option: The Log in with SelfKey Button & Browser Extension (LWS).

The browser extension will be connected to your Identity wallet and will allow you to instantly sign up/in to Products and Services through the LWS Button which will be placed in the Service Provider’s website.

Unlike traditional OAuth authentication services such as Facebook, Twitter or Google, who track your activity and store your data, with the ‘Log in with SelfKey’ Browser Button & Extension, the Service Provider will access your identity data directly from your Identity Wallet.

Manage your Cryptocurrency Portfolio

The SelfKey Identity Wallet Beta also supports sending, managing and receiving ETH, KEY, and any ERC-20 token.

Our central crypto management dashboard is designed to be user friendly and intuitive, unlike many other crypto wallets out there which can be difficult to use for the inexperienced.

The SelfKey Identity Wallet is a desktop client-side interface to access your Ethereum Wallet. As such it is much more secure than web based wallets because there is no DNS routing needed to access the wallet, thus avoiding phishing attacks. Furthermore, the SelfKey Foundation has developer certificates for both Apple and Windows so you can always make sure that the app you are using contains the SelfKey’s developer certificate.

The SelfKey Wallet itself does not store your funds or your keys to access your funds. Your funds are recorded on the blockchain’s ledger and the SelfKey identity wallet allows you to access them through your hardware wallet, JSON file or private key which you are responsible to keep in a safe place.

Download the wallet

We invite you to visit our website Selfkey.org on Thursday June 28th and download the SelfKey Identity Wallet Beta.