BOTLabs Trusted Entity Launches its SocialKYC Service
BTE’s SocialKYC service will soon be available on social platforms such as Discord, GitHub, Twitch, and others.
SocialKYC will work with Sporran
BOTLabs Trusted Entity (BTE) has announced the launch of its SocialKYC, a decentralized identity service built on KILT Protocol. The service allows users to regain control of their digital data.
KILT became the first fully decentralized identity blockchain in the Polkadot ecosystem when it was launched in November last year.
In a press release shared with FXEMPIRE, the team said the SocialKYC platform would work with Sporran (the KILT wallet) to allow users to manage, store and present their personal credentials. Thus, 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.
SocialKYC is a Decentralized Identity Service
SocialKYC as a decentralized identity service works differently from the traditional platform. According to the team, SocialKYC issues a credential to the user after giving them a simple task to verify their control of a specific account.
The credentials remain under the full control of the users after stating the ownership or control of the specific account. The personal data is not stored or shared by SocialKYC. It remains in the user’s wallet on their personal device under their full control.
Ingo Rübe, Founder of KILT Protocol and CEO of BOTLabs Gmbh, said:
“Unlike sign-in processes on the internet to date, SocialKYC forgets about the user and the credential as soon as the credential is issued. This avoids your personal data being shared, sold, or otherwise ‘monetized’ by third parties without your knowledge or benefit. From brick and mortar to metaverse, there are SocialKYC use case opportunities wherever social trust is needed.”
The team added that in addition to email and Twitter, credentials for social platforms such as Discord, GitHub, Twitch, and others will soon be available on SocialKYC. Future applications for SocialKYC credentials could include gaming, e-sports leagues, health care, academia, media, and decentralized social networks, among others.