SelfKey (KEY) Review

An independent analysis on SelfKey (KEY)

Digital identity ownership and management on the blockchain

Summary

SelfKey  is  a  Hong  Kong  based  company  that  has  created  an  integrated platform for the management and use of personal identification. The platform utilizes the blockchain to store necessary information which can then be used for an array of different interconnected services such as Citizenship, financial services transactions and much more.

Company overview

SelfKey has been in the ideation phase of the venture dating back to 2013 when the team began to create various solutions for identity verification and management. Since this time, SelfKey has released multiple consumer and B2B offerings in a  bid to create an integrated identity system which can also act as a marketplace.

The  team  at  SelfKey  term  the  protocol  developed  as  ‘Self-Sovereign Identity‘ (SSID).

Commercial & Technical Strategy

SelfKey seeks to implement a significant amount of functionality by Q4 2018. We anticipate that some of the most disruptive aspects of the venture include those which are linked to applications of government issued services such as passports, residency services and more.

Referring  to  the  information  found  in  the  whitepaper,  there  are  multiple releases of each functionality from Alpha to Beta and finally commercial.

2018 Q1

•SelfKey Desktop Alpha

•Token Sale and Crypto marketplace

•KEY used for notarization

2018 Q2

•Support for cyrptocurrency transactions

•Integration with crypto asset providers

•Fully Electronic claims

2018 Q3

•SelfKey Alpha launch

•Government and Utility partnerships

•Integration with Trusts Foundations, Residences and Passports

2018 Q4

•SelfKey SDK

•Fiat alternative for service

Roadmap

The  roadmap  is  quite  extensive  and  includes  a  high-level  overview  of  the implementation strategy for 2019.

Token Use

The KEY tokens that are issued have several use cases within the SelfKey ecosystem.

•the token can be used for the application of services such as citizenship and residency

•KEY can be utilized for company incorporation and business services

•the  tokens  are  also  used  for  the  verification  of  new  services  and  KYC application for new token sales