Blockpass provides users with a solution for self-sovereign identity while limiting hacking risks. Following recent data breach scandals involving big companies, it is evident that centralization of personal user data should be avoided wherever possible.
Blockpass provides an alternative solution for centralized data storage that will have two major benefits to consumers:
1. Users are in control of their identity and only they can decide who accesses it
2. No centralized server stores sensitive personal data
When a user submits identity details and documents to Blockpass for verification, a copy is stored locally and encrypted with a password on the user’s mobile device. The user is the only person who holds the password to decrypt it.
After Blockpass receives the data and hashes it, it is completely erased from the Blockpass servers. From that point forward, user data only exists on the mobile phone of the user and nowhere else until he or she decides to share it with third-party service providers, giving the user complete control over their personal data.
As user’s data is destroyed once verified, if hackers manage to breach the Blockpass servers, they will find only unreadable data that has no value to them, whatsoever.
Now you will be told immediately if you do not meet the criteria for a merchant, for example by being under a required age, or living in a country the merchant cannot support. Previously, this was only enforced when the merchant reviewed your Identity.
Ratings and Reviews
I think this kind of KYC that has ecosystem in mind could be the future. Excited to see what happens next.
With Family Sharing set up, up to six family members can use this app.