Summary of SelfKey’s Solutions
• SelfKey has released a whitepaper detailing KYC solutions featuring AI and Zero Knowledge verifications.
• The zero-knowledge KYC system allows vendors to perform mandatory KYC checks without holding user data.
• AI has been integrated into SelfKey’s Proof of Individuality (POI) solution to combat fake personas made using AI models.
SelfKey Releases AI and zk-Based Solutions for Safer Digital Verification
SelfKey, a self-sovereign identity service, recently released a whitepaper providing details on its KYC solutions enabled by artificial intelligence and Zero knowledge verifications (zk). The new features will be available to vendors, allowing them to securely authenticate users without exposing them to identity theft.
Zero Knowledge Verification
Zk verification is a means of verifying that a piece of information is accurate without disclosing the information itself. It is used in blockchain systems for entities to transact without revealing sensitive financial info such as account balances. In the same way, SelfKey’s zk-based KYC system allows vendors to perform necessary checks on users‘ identities without storing the data themselves. This eliminates the risk associated with storing customer selfies and other personal documents in centralized databases.
AI Enabled Solution
In addition to the zk solution, SelfKey has also incorporated artificial intelligence into its Proof of Individuality (POI) system in order to better detect fraudsters attempting to gain access using computer-generated „fake“ personas. The AI powered system provides an extra layer of protection against those trying to use AI models in order remain anonymous while committing financial crimes.
By introducing these enhanced digital identity services featuring both AI and zk-based solutions, SelfKey hopes that their customers can remain safe from identity theft while enjoying secure verification processes provided by trusted platforms within the network.