The Kilt Protocol announces the launch of SocialKYC, a decentralized identity verification service that helps users regain control of their digital identities. The project shares details on how the platform works and urges users to create their own digital identity and first sign in KILT to get many benefits.
Kilt Protocol shares details about SocialKYC
As Bitcoin News mentioned, SocialKYC is a decentralized identity verification service to regain control of your digital identity. SocialKYC will allow users to manage, store and present their personal credentials, allowing users to choose which elements of their personal information are accessed by online services.
It is known that SocialKYC and Sporran, the KILT wallet, were jointly built by BTE BOTLabs Reliable Entity GmbH (BTE), a subsidiary of BOTLabs GmbH, the original developer of KILT. Together, SocialKYC and Sporran allow users to manage and store their personal credentials and identify elements of the personal information they share with online services.
How SocialKYC works
SocialKYC approach to sensitive personal data is completely different from Net 2 systems.. It will forget the user’s login information when it is issued by the system.
- SocialKYC will first send users a simple task to verify their control over a particular account (confirm your email address Tweet this to prove this is your account). friend).
- After a successful check, SocialKYC issues credentials to the user. Credentials indicate ownership of a particular account. Users can save credentials in their Sporran wallet, which is installed locally on their computer.
- This personal data is not stored or shared by SocialKYC. It remains in the user’s Sporran wallet under their complete control.
- Using Sporran on their local computer, users can then submit their credentials to any online service that accepts the credentials.
Users can also choose to publish one or more of their logins, making them accessible to everyone. The user can unpublish the published login at any time.
How to create your first digital identity and KILT login
The first step is to set up Sporran, a browser extension for Firefox and Chrome that acts as a wallet for KILT logins and KILT Coins. Once done, you will receive your first DID. Your digital identity will be supplemented with various login information such as e-mail, Twitter account, passport, certificate, etc., to this identification number.
Then comes the step of getting KILT credentials once Sporran has been set up. By default, these free logins are fixed on the KILT blockchain. Sporran will also offer an option to upgrade to a full-chain DID. This allows users to create a service endpoint, such as a URL, that provides a way to make their credentials public and easier for online services to access them.
Upgrading to full DID requires a transaction fee payable in KILT (currently less than 0.01 KILT) and a deposit of 2 KILT. This deposit is designed to incentivize users to delete data from the blockchain when it is no longer needed, reducing wasted storage space. If you choose to delete the DID later, this deposit will be returned.
The full DID also allows the owner to place additional keys for purposes other than authentication, including authentication and authorization. This will allow owners to grant their credentials and create an authorization hierarchy. On-chain DID will also be useful for individuals who want to publish their credentials, use key rotation for added security, and anchor their DID on the blockchain.
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