The blockchainID.me solution ensures that nobody, not even blockchainID.me, can access your data without your explicit consent.
Providing a certificate attesting to your identity or to your compliance with stringent Know Your Client (KYC) and Anti-Money Laundering (AML) rules and regulations can only be initiated by you.
When providing a certificate to a merchant, you are required to sign into a merchant service and physically authorize the transfer, through your wallet, of an encrypted blockchainID.me identity certification token. The blockchainID.me certification token you transfer is derived from your blockchainID.me identity token and specific to the merchant. In may instances, the certification token will not even disclose your name or any other identity details to the merchant as he will solely rely on the certificate confirming your compliance to identity, KYC & AML regulations.
The sensitive data used to verify your identity is stored in the metadata of your blockchainID.me token and encrypted. Your blockchainID.me token can only be decrypted by you, the blockchainID.me token owner, and only through the wallet that contains your blockchainID.me identity token and which you used to create the blockchainID.me identity token.
The key you provide to the merchant provides the merchant the capacity to confirm your certificate and access to the information you have authorized him to view, but never to the documents on which your identity validation and your compliance to KYC & AML rules and regulations are based.
We use the term merchant broadly. In these pages, the term merchant includes any service-providers and third-parties to which you would agree to provide proof of your identity or a KYC/AML compliance certificate.
How is my personal information shared ?
What a merchant can view is only the compliance certificate generated at your request and only through a blockchainID.me reader. The compliance certificate, which attests of your identity or your compliance with KYC/AML rules and regulations, comes ...
What is blockchainID.me ?
BlockchainID.me is a Self-Sovereign blockchain identity validation solution that allow its users to remain in complete control over their personal data. BlockchainID.me offers online identity validation tools that meets basic ...
What are blockchainID.me benefits to merchants ?
Most blockchain users favor the use of non-custodial wallets for their day to day use. Let's face it, the initial purpose of blockchain was to allow a user independence from centralized service providers and reliance on large-scale organizations. ...
What are blockchainID.me benefits to me ?
Regulatory bodies all over the world are currently busy at developing laws and regulations that will make it harder and harder for someone to use a non-custodial wallet. Most blockchain users favor the use of non-custodial wallets for their day to ...