eliminating the repeated investment and wastes in the cross-industry,cross-business, and cross-platform certification process in the repeated investment and waste, which are the problems that the certification industry is facing.
- Its transparency, decentralization, the impossibility to tamper, smart contracts and other good genes can fully play out during the certification process.
- The solution proposed by ID Chain team is to encrypt all kinds of user identity information and other important information record in a blockchain with the help of encryption algorithm constraints. These records cannot be tampered with, and are 100% generated irreversibly on a platform of ID Chain. With a simple authorization and scanning, the certification can be completed quickly.
- In the ID Chain platform, we store and process various user attributes and data by decentralization. This is why ID Chain is a blockchain item with practical value which is also a direction carefully designed and selected by ID Chain team.
ID Chain Design Concept
These considerations include allowing countries such as the Philippines, where 90% of residents have so far not yet had an ID system, to have state-of-the-art authentication systems in place to support their establishment of health insurance and social insurance, and the input and transfer of credit information. This also covers how to authenticate the identification in the cross-platform apps and websites so as to replace SMS verification code.
ID Chain team will use the high-frequency authentication application scenarios such as banking, insurance, credit, loans, and Internet application access as the starting point for the ecological construction.The whole workflow is as follows: (1) The generation of user or equipment basic information to form a data label. (2) Encrypted blockchain for distributed storage and processing. (3) The generation of digital ID and key. (4) The other party obtains the original user authorization and immediately authenticates and returns to the results.
ID Chain's Advantage
- ID chain utilizes blockchain technology to provide highly efficient, low cost reliable solutions for human to human, human to object, object to object verifications regarding identity, credit, information, KYC etc. and in turn reconstruct the global verification industry.
- ID chain utilizes smart contracts to process safe, private authorization between information holder and information verifier in information transmission.
- The information on ID chain can be adjusted according to user requirements and fulfill the diverse changes of application.
- The de-centralization of ID chain does not rely on the verification of a single centre node, so that distributed nodes are all capable of verification, ensuring high efficiency from joint governance of nodes.