About MyID
MyID is a blockchain-based digital identity and verifiable credentials platform designed to modernize identity verification and KYC processes.
MyID is a blockchain-based digital identity and verifiable credentials platform designed to modernize identity verification and KYC processes. The platform enables issuers to create and sign verifiable credentials that users securely store in an electronic wallet. These credentials can then be shared with third parties, who verify them using cryptography and blockchain validation. This approach significantly reduces onboarding friction while maintaining high trust and compliance standards. The software focuses on digital identity (DID), self-sovereign identity, AI-powered ID validation, and government-integrated verification. It supports use cases such as eKYC and AML certification, alternative two-factor authentication, public licensing, vaccination proof, laboratory results, education proof, insurance allowance, contract signatures, and open banking. MyID is positioned for industries like fintech, healthcare, education, and government institutions seeking secure, rapid, and compliant identity verification solutions.
Pros & Cons
- Connects blockchain technology with AI to enable fast and trusted digital identity checks.
- Reduces onboarding time significantly compared to traditional KYC workflows.
- Empowers users with self-sovereign identity and control over credential sharing.
- Supports diverse real-world proofs like vaccination, education, and insurance.
- Streamlines the user provisioning process for IT administrators
- Adoption may face resistance from users unfamiliar with digital wallets.
- AI-based validation accuracy may vary depending on document quality.
- Regulatory changes in digital identity laws could impact implementation.
- Limited transparency on security certifications and compliance audits.
- Cross-border legal recognition of credentials may not be universal.
Features
Key features
Enables blockchain-signed digital credentials for secure identity proof
AI-powered ID validation with government integration
User-controlled identity management framework
Streamlined compliance-ready identity verification
Identity-based authentication replacing traditional OTP methods
Additional features
Blockchain-based preparation and signing of credentials
Safe user storage of digital identity data
Organization-side validation using blockchain and cryptography
AI-based ID validation integrated with government systems
User-owned and controlled credential sharing
Digital compliance certification for financial onboarding
Digital verification of licenses
Credential-based secondary authentication method
Blockchain-backed vaccination certification
Pricing
Countries & Languages
Interface languages
Billing currencies
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About MyID
MyID is a blockchain-based digital identity and verifiable credentials platform designed to modernize identity verification and KYC processes.
MyID Details
MyID's In-App Market Place
Does MyID have an in-app market place?
Yes
How many Mini-Apps in the marketplace?
0
Mini Apps
Pricing Options
Accepted Payment Currencies
USD ($), EUR (€), GBP (£), JPY (¥), AUD (A$), CAD (C$)
Pros & Cons
- Connects blockchain technology with AI to enable fast and trusted digital identity checks.
- Reduces onboarding time significantly compared to traditional KYC workflows.
- Empowers users with self-sovereign identity and control over credential sharing.
- Supports diverse real-world proofs like vaccination, education, and insurance.
- Streamlines the user provisioning process for IT administrators
- Adoption may face resistance from users unfamiliar with digital wallets.
- AI-based validation accuracy may vary depending on document quality.
- Regulatory changes in digital identity laws could impact implementation.
- Limited transparency on security certifications and compliance audits.
- Cross-border legal recognition of credentials may not be universal.
MyID's Support Options
MyID's Alternatives
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