THEKEY Project Team is now developing an identification verification (IDV) tool with blockchain based dynamic multi-dimension identification (BDMI) by using Personally Identifiable Information (PII) which is exclusively authorized by government authorities. THEKEY is a Decentralized Ecosystem of Identity Verification Tool Using National Big-data and Blockchain.
An identification verification (IDV) tool with blockchain based dynamic multi-dimension identification (BDMI) by using Personally Identifiable Information (PII) which is authorized by government authorities.
Attention. There is a risk that unverified members are not actually members of the team
$25 500 000
$22 000 000
All in all, THEKEY is delivering a sophisticated ICO campaign that serves the growing needs of a digitized world—much like any other ICO such as Hamster, Storiqa, Hade, Flying Money, Havven and Amon. Looking at it with a positive vision, this project may be one of the most significant innovations to take the crypto world by storm. The development team behind this crypto project is taking all the PII fragments from reliable government sources and placing them on a powerful blockchain. By doing so, this network is also developing a robust ecosystem where validators, users, and service providers can easily and quickly interact with each other. So if you are still blowing hot and cold about this project, then it is always good to remember that the company behind it had already created related programs that have delivered tangible results.
THEKEY ICO is a stellar project in every respect. The team have proven track records in their respective fields and already achieved a significant milestone together. Partnerships with some of China’s biggest enterprises and the government itself serve to further extend the scope of the project’s potential in a number of different markets. With everything we’ve seen thus far from this project, we’ve decided to place a big bet on THE KEY ICO.
THEKEY is a project already sporting significant support. It has been working on solidifying its positions well before the token raise was launched. This certainly helps understand THEKEY is not just a short-term project made as a quick money-grab for its owners. The platform already has data from hundreds of millions of people, and the pilot project of the identity system was launched in China’s cities of Kaifeng and Jiaxing.What’s currently unclear is the system’s monetization. For instance, there is no confirmation on additional identity services and functions that could be bought with TKY. The token’s early use cases may therefore be somewhat limited. Furthermore, although not exactly a risk, one should remember that this is a project proposing taking of personally identifiable information, and putting it in a blockchain, where it will exist forever. How users valuing their privacy are going to regard this is unclear.
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