Virtual Identity - No longer at risk with Ydentity
Virtual identity is a part of an interface that represents the user in a virtual world as a video game, chat room, or virtual common space. This virtual identity is sometimes associated with your credit card number or your email ID and other personal information. Also, your virtual address can be retraced to your IP address and can be hacked. This presents a considerable risk to the user’s identity. To create a new and safe identity that can be used in various online platforms, Ydentity has come up with an innovative solution.
Ydentity is a unique offering brought to you by Bright Nation Limited. Ydentity is focused at the centre of risk management in a shared economy. Ydentity is the world’s first risk identity blockchain token based on cognitive neuroscience to evaluate risk and provide a predictive model for customer onboarding and risk underwriting. The underlying blockchain platform is token-driven. It is cryptographically protected to defence grade standards and is regulated by a smart contract.
Ydentity is also fully compliant with the new EU General Data Protection Regulations (GDPR). The Ydentity token is implemented on Hyperledger Fabric, a secure, enterprise-grade, permissioned blockchain, using a smart contract service interface to interact with client wallets, distributed ledger infrastructure, and external systems. On-chain data is merely a hash of its off-chain profile information that guarantees the scalability, throughput, and performance of the Ydentity token.
Ydentity keeps your private key offline, it belongs to you and is unique to you. Only a single identifier or hash will run on our permissioned blockchain which uses defense-grade protection called Keyless Signature Infrastructure. This KSI is provided by GuardTime and provides a privacy shield. With a new virtual identity, the user can browse the web without having to reveal their identity. So, get your YDY token!