To give identity owners the ability to own property, control, and govern their digital identity, SelfKey is developing a blockchain-based identification system. Control over the identifying data is at the core of this individual freedom. However, since these databases are centralized, they are vulnerable to security intrusions and data breaches. They can no longer rely on antiquated paper-driven systems as technology digitizes the world. They can use blockchain technology to create a more private, secure, and open identity system that upholds our constitutional rights.
SelfKey was established and released in 2017 by Edmund Lowell. SelfKey is a blockchain technology firm creating new methods for managing digital identities and enabling people (and businesses) to own property, control, and collect their data. The objective is to utilize blockchain technology to transform how the world maintains and processes identification transactions in light of the weekly data breaches that occur. This will make the globe safer where privacy and personal information are protected. SelfKey appears to be a substantial investment prospect with an average yearly growth rate of 84.5 percent.