Blockchain in digital identity and why financial institutions choose this over other solutions
At 12iD, our custom blockchain adds significant value to our clients that verify digital identities. Allowing organizations to use 12iD for onboarding customers from outside their traditional geographies and reach international markets.
Let's explore the advantages that 12iD blockchain offers in the architecture of digital identity:
- Permission and private-based network, with authentication levels and audibility features
- Offering a quantum computing proof security
- Proving identities with zero-knowledge proof
- Custom blockchain for not storing or sharing any sensitive data
- Allows for a lightweight and scalable backend
- Treating each identity provider independently for full data control
More and more financial institutions are choosing blockchain technology for identification. At 12iD, we help organizations on four continents. Contact us to learn more!
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