Berlin, Germeny, 19th January, 2022,
Built on KILT, the Decentralized Identity Service Restores Control to Consumers
B.T.E. BOTLabs Trusted Entity GmbH (B.T.E.) today announced the launch of SocialKYC, a decentralized identity service for regaining control over your digital data that is built on KILT Protocol. B.T.E. is a subsidiary of BOTLabs GmbH, the initial developer of KILT which in November 2021 became the first fully decentralized identity blockchain in the Polkadot ecosystem.
Together with Sporran (the KILT wallet) SocialKYC allows users to manage, store and present their personal credentials, enabling them to select which elements of their private information are accessed by online services. SocialKYC issues credentials to users confirming the ownership of their email address or social media accounts after the user proves that they control the account.
KYC or “Know Your Customer” is standard practice while opening an account with a bank or exchange, where users must
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