Identity Features in blockchain technology. Has anyone tried it already?

[VeryWellDone]

Check out this article that featured companies using the identity layer feature of blockchain technology - https://gomedici.com/22-companies-leveraging-blockchain-for-identity-management-and-authentication

In Switzerland, a privacy-centric, regulatory compliant blockchain recently announced that their Testnet 2 is already live and it has their "game-changing" identity features which will make businesses want to implement this technology.

Anyone here who has tried it? And how impactful is identity-feature/ID-layer at the protocol level for businesses and major corporations?

[jonathancool220]

I admit I have never heard of it because it seems like a newly established company.

But if this Identity Feature is used within a company, it will definitely strengthen KYC and account security.
If I'm not mistaken this platform already has one, it's called AMLT and this platform already has altcoins that have been traded on various exchanges.

[damsix]

If this is indeed the best for the KYC market then it is certainly good for the safety of all cryptocurrency because all the altcoisn definitely need security.
The Swiss state also upholds security and this certainly has regulations for cryptocurrency that have a feature of identity.

But if this identity feature is developed in other countries, it is certain that the story will be different and the regulations will be different.

[LogiC]

I admit I have never heard of it because it seems like a newly established company.

But if this Identity Feature is used within a company, it will definitely strengthen KYC and account security.
If I'm not mistaken this platform already has one, it's called AMLT and this platform already has altcoins that have been traded on various exchanges.

Good thing that there are companies who are constantly creating a platform that boosts KYC. As much I dont like KYC process, its enable a way ti mitigate potential scammer, Ive heard of this establishment before and all I can say is excellent job for this creation.

This will help cryptocommunity to avoid being used and scam by abusers in blockchain especially those hackers that will not stop their illegal activity.

[Paglamon]

I think kyc is a necessary step for the protection of cryptocurrency and crypto currency market. All weightcoins must be protected, so I support kyc. kyc has many steps. Which contains any information of the person.
Again a very effective solution in the case of crypto currency transactions. And if the identity feature is developed in another country, it will also be an advantage.