Hello and welcome to this blog post about Selfkey KEY White Paper. I am very excited to know that you are interested in this amazing technology, you will be going to amazed by the incredible potential of the blockchain.
There is a lot to learn about this futuristic tech, lets get started to dive into the Selfkey KEY white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.
The aim of this blog post is to help you quickly understand about the philosophy behind the Selfkey (KEY).
I can ensue you that, you will be able to understand every bits and pieces related to Selfkey (KEY) after going through the Selfkey KEY white paper.
Without wasting any further time lets get started to dive right in and lets understand white paper first.
What is white paper?
A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.
A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.
Selfkey KEY White Paper
Selfkey KEY white paper will be going to provide you, all the information that is needed to get started with Selfkey (KEY), including the inspiration for creating, the problem it is trying to solve and the solution proposed by Selfkey (KEY).
Our idea is simple: that users should be at the center of their identity management process, a concept known as Self-Sovereign IDentity (SSID). We can escape from the legacy systems of paper-based documents and move into a digital identity with privacy, security, transparency and individual rights with SelfKey, a SSID implementation built using blockchain technology, with the corresponding keys held in a digital identity wallet. SelfKey is an identity system built on an open platform consisting of several key components including:
SelfKey Foundation, a non-profit foundation whose charter and governance enshrines the principles of self-sovereign identity, a technology stack with a free and open source identity wallet for the identity owner, a marketplace with real products and services available at launch, a JSON-LD (machine readable) protocol, connection to 3rd party identity micro services which comply with KYC laws and regulations, and a native token called “KEY” which enables the SelfKey ecosystem to exchange value and information in an efficient, fully-digital, self-sovereign manner.
White Paper Link: Selfkey (KEY) White Paper
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