Self-Sovereign Identity

Transcription

1 Self-Sovereign Identity Blockpass offers Compliance through verified Identity CTO

2 Establishing Self-Sovereign Identity (SSI) Moving from Web 2.0 to Web 3.0 from a centralized web to a decentralized web. The need to progress from non-user controlled identity to self-sovereign identity (user-centric, user controlled identity). 2

3 What large-scale problem is Blockpass solving? Problems - Users Redundant operations providing again and again the same info Frustration. Getting approved takes a lot of time. People get frustrated before using the service Lack of transparency Users don't know what verifications are performed Cumbersome Users need to scan their documents, certify them, translate them... 3

4 What large-scale problem is Blockpass solving? Problems - Companies Lack of standard. Companies needs Identity Protocol to allow for compliant interactions on public/ permissionless blockchain protocols. Compliance creates costs for blockchain businesses. Identity verification take several days to complete, therefore causing significant barriers to entry and slowing down user onboarding. Lack of human resources. Manually verifying thousands of people require dedicated team that must be trained. 4

5 Blockpass KYC App Effective Human Identity Application Blockpass in its current form is an effective solution for a number of key use cases. KYC for regulated services, transactions (ie. the purchase of security tokens), and Dapps. KYC for Blockchain merchants and service providers, seeking to follow best practices. Self-sovereign identity establishment and management for blockchain users. A revenue generating proposition for ID verifiers - the Proof of Verification Rewards (PoVR) system. 5

6 KYC & On-Boarding User Centric Identity

7 How does it work? BUILD YOUR PROFILE Full name Date of birth Phone number Passport, ID card, Driving license Selfie Proof of Address

8 How does it work? In the Verifier tab, scroll down and register "Sanctions lists and PEP" and then "Passport Authentication"

9 How does it work? Passport authentication requires all your information Choose REGISTER Then confirm UPLOAD DATA

10 How does it work? There will be some notifications to inform you of the progress from Verifiers Once done, the Verifier will issue a certificate It's automatically added to your profile when launching the mobile app.

11 How does it work? Certificate shows results of verification of the passport It's technically a Json file that can be sent to third parties and analysed by machine It includes no raw data. Only hashes Certificates can prove KYC data are valid without revealing them

12 How does it work? When your profile is ready, use the QR code to register and submit data to third parties

13 How does it work? Blockpass has developed a dashboard specifically designed to optimize KYC verifications

14 How does it work? Reviewers receive the certificates and can verify that info were not tampered with thanks to our hash matching algorithm

15 How does it work? When registration is approved, reviewers can generate a certificate stating onboarding. By contributing in user identity enhancement, they get rewards in PASS token

16 Blockpass Benefits for Users A faster, safer, easier way to access regulated industries. 1. Speedy Gateway to Compliant Services - Blockpass provides a secure and rapid gateway to access ICOs, exchanges, and other regulated services without the need to complete redundant compliance requirements. 2. Own Your Own Data - Blockpass is a self-sovereign identity verification service that only stores a cryptographic representation of your verified identity on a blockchain whitelist. Your data is stored on your mobile device and shared only with those who you choose. 3. Shared Identity Whitelist -The end of multiple KYC identity checks. Blockpass enables users to get approved and whitelisted once for near immediate access to multiple merchants and service providers. 16

17 Blockpass Benefits for Businesses A comprehensive identity verification portal for quick and easy user onboarding for regulated industries. Rapid User Onboarding - The use of blockchain technology and smart contracts eliminates tedious KYC & AML compliance procedures by reducing sign up friction and increasing conversions. Low Cost Pre-verified Compliance - With shared regulatory and compliance services, it becomes possible to onboard users without expensive and duplicative identity verification of the same user multiple times across different services. New Application Potential - A modernized compliance protocol will enable new levels of efficiency and application possibilities for blockchain, fintech, and traditional institutions. 17

18 Blockpass does not keep users data 18

19 Current progress Based in Hong Kong. We are funded. Blockpass app in development since mid Released in early April Available in Android and ios app stores. 19

20 Blockpass - Compliant Integrated Platform for ICOs Fully integrated platform for token offerings, ICO platforms and token resellers. Cloud-based, on-demand solution for: Investor registration Due diligence (KYC/AML) ICO token purchase 20

21 Blockpass - Strong Ecosystem of Partners 21

22 PASS Utility 1 Discount Voucher Discount voucher for KYC identity verification services. Price of verification reduced by 50% with token utilization. 22

23 PASS Utility 2 Proof of Verification Rewards (PoVR) PoVR Protocol. Verification rewards: For identity verifiers For Blockpass app users Establish utility precedence of reward systems. 23

24 PASS Utility 3 KYC token Transfers locked by default KYC verification require to unlock transfer Public whitelist on the chain Only verified people can send PASS tokens. 24

25 Blockpass Down the Road - Leveraging ZKP Tech BIL is a collaboration between Blockpass IDN and Edinburgh Napier University which was Announced in April Building Zero Knowledge Proof Tech with Edinburgh Napier University. 2. Setting Up a Blockchain Identity Lab. 3. Work towards Blockchain and Knowledge-less data verification. 4. True trustless interaction. 5. Complete self-sovereign identity. 25

26 Future Development Path Once the IDNs are able to promote on-chain compliance for humans, then the same can be extended to object or machine to human to machine interaction, thus achieving the greater purpose of the Blockpass Protocol: seamless, secure and compliant interaction between humans, corporations, and machines. 26

27 Thank you Blockchain-Based Self-Sovereign Identity Giving you control over all things with digital identity 27