THEKEY Project Team is now developing an identification verification (IDV) tool with blockchain based dynamic multi-dimension identification (BDMI) by using Personally Identifiable Information (PII) which is exclusively authorized by government authorities.
THEKEY Project, a world leading solution provider in IDV industry, is here in place to leverage innovations in blockchain and smart contract technologies to develop its second-generation IDV solution. The second-generation IDV solution will be realized by BDMI technology. BDMI stands for Blockchain based Dynamic Multi-Dimension Identification technology, which aims to set up a powerful and cost-efficient identity verification tool for internet. The ultimate objective of BDMI is to generate undeniable and unalterable IDV results.
BDMI embraces the 6 elements below simultaneously to deliver the perfect solution for IDV:
Unique biometrics data serves as the base of BDMI.
The data of BDMI used, including biometrics data, for IDV are all validated in advance by the relevant government authorities.
The data of BDMI used for IDV are comprehensive enough so that it can meet the different requirements of various clients.
To ensure the reliability of BDMI, cross-check is always carried out during IDV between the government validated data and behavior/scene data of the same user.
To ensure solidity of BDMI, BDMI always uses updated data when an IDV is executed, to capture the latest changes, if any.
Once an IDV is completed the result will be properly documented for audit so that personal credit of the user can be evaluated and calculated.
The THEKEY project has been prospected since 2015 aiming to provide the state-of-the-art and admirable user experience for IDV solution. The great success of our first-generation IDV solution based on DMI technology has proven the strong ability and commitment of THEKEY Project Team to deliver the second-generation IDV solution as well as the massive commercial value in such a promising and expandable market. Currently THEKEY Project team envisions that a new decentralized ecosystem for everyone’s daily life will be generated by utilizing the combination of the existing developed technology and blockchain technology. Moreover, the shared IDV solution provided by THEKEY project is not merely the underlying basis for the prospective artificial intelligence (AI), but the essential element for all network legal relations (including copyright and data exchange) and crucial support for the popularization and development of blockchain technology.
PII data of 210 million people have been acquired covering 66 cities.
DMI has been successfully tested and deployed, the business model has been verified; 23 copyrights have been obtained, 15 patents have been accepted by SIPO and start attestation process.
Headquarter of THEKEY Project is established in Singapore.
ICO of THEKEY Project is launching.
BDMI is developed and the testnet is ready.
BDMI's mainnet is built.
Price in ICO1 BTC = 100,000,000 TKY
Tokens Distribution51% - token distribution contributors
21% - reserved as a reward mechanism to incentivize the development of community
20% - reserved to fuel future innovation and ecosystem health
8% - Project team and advisors
November 2014 – First-generation IDV product raised seed fund.
December 2016 – PII data of 210 million people have been acquired covering 66 cities.
February 2016 – DMI has been successfully tested and deployed, the business model has been verified; 23 copyrights have been obtained, 15 patents have been accepted by SIPO and start attestation process.
Product or its MVP
They created the 1st generation IDV-app: “Social Medical Insurance 123”