ShareRing, a blockchain-based ecosystem offering digital identification options, has launched Skinny ID, aimed toward providing a seamless and frictionless onboarding course of.
Per the announcement:
“Introducing Skinny ID, ShareRing’s simplified sign-up course of that removes friction on the onboarding journey and permits customers to discover the ShareRing ecosystem with out having to offer any authorities IDs.”
Being a user-focused blockchain platform, ShareRing permits the issuance, storage, verification, and sharing of non-public info and key paperwork. The report famous:
“Beforehand, ShareRing’s preliminary onboarding journey added friction to customers who have been entering into ShareRing for the primary time, which went towards our mission to allow frictionless entry. It was a extra in depth sign-up course of that requested for not less than one piece of presidency ID adopted by a selfie scan utilizing our face match know-how.”
ShareRing’s blockchain-powered platform additionally permits monetary establishments to undertake processes extra effectively and sooner primarily based on its digital know-your-customer (eKYC) product, which presents customers with the pliability to present data-sharing consent.
ShareRing not too long ago built-in the eKYC course of with near-field communication (NFC) know-how to make it extra dependable and safe, Blockchain.Information reported.
Beforehand, ShareRing launched a brand new web site with blockchain-enabled digital identities to usher within the Web3 period to deal with the problem of the lack of autonomy on private knowledge skilled in Web2.
On condition that the dearth of the flexibility to handle digital identification and footprint in Web2 has been one the first hindrances to safeguarding privateness and possession of knowledge, ShareRing meant to unravel this problem with the blockchain-enabled web site.
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