Whitepapers Selfkey KEY White Paper Explained Summary

Selfkey KEY White Paper Explained Summary

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Selfkey KEY White Paper

Summary:

– Selfkey key is a White paper that provides information about the Selfkey (key) technology stack and how it can be used to manage digital identities in a secure, private, and transparent manner.

– the Selfkey (key) White paper describes the Selfkey foundation, a Non-profit organization that is responsible for the development and maintenance of the Selfkey (key) technology stack.

– the Selfkey (key) White paper also describes the Selfkey marketplace, a marketplace that will offer real products and services that can be purchased with key tokens.

– the Selfkey (key) White paper describes the Selfkey protocol, a JSON-LD protocol that will be used to Connect to third-party identity microservices.

– the Selfkey (key) White paper describes the native key token, which will be used to exchange value and information within the Selfkey ecosystem in a self-sovereign manner.

Explained – Selfkey KEY White Paper. Learn in depth about differnet coins on the blockchain by understanding whitepapers.

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.

We will deep dive into how the coin works by understanding the whitepaper and its summary. Selfkey (KEY).

Lets understand 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.

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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).

Introduction

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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