Q: Remind me, what is SelfKey again?

SelfKey is a decentralized, blockchain based self sovereign identity ecosystem. SelfKey is built on Ethereum and allows individuals to share their identity attributes in a secure, private, distributed, trustedmanner and provides access to a marketplace of products and services (see working alpha of marketplace)

One thing that separates SelfKey from other companies is that our technology is already tested, working, and being used to power KYC onboarding for projects on a daily basis.

This is the first thing we will make available from within our wallet application — the ability for anyone, anywhere — to instantly participate in a token sale and send their KYC along with funds to another

Q: OK — So it’s a KYC wallet — can we also send ETH and receive altcoins from token sales to our SelfKey Wallet?

A: Yes — on our next release, we are adding ETH and ERC-20 tokens functionality

Q: OK… So I can keep my KYC in a SelfKey Wallet, and participate in token sales more easily?

A: Yes! But wait, there’s more.

Within a few months we will have multiple verticals available for online application. You’ll be able to instantly set up a bank account, coin exchange account, apply for a visa or residency, even make a citizenship by investment application.

That’s right — you’ll be able to buy a passport through the SelfKey Marketplace app by way of partnership with NTL immigration, one of the world’s leading immigration agencies specialising in this space since 1994 along with VIC — Vanuatu Information Center, Harvey Law group, Global Advisory Group, Passports.io, and other leading immigration specialists.

Q: Is this for real? You’ll be able to apply for citizenship through the SelfKey Marketplace?

A: Yes. The technology is tested, the marketplace is built and we have the support of our partners. Check it for yourself here:

alpha.selfkey.org/marketplace/passports and if you prefer, read it in Spanish or Chinese.

Q: Why do you need a native token?

A: SelfKey will require participants to stake a certain amount of KEY tokens to access the network. This prevents spam, decreases the total amount of float, and encourages people to buy and hold KEY, and act in accordance with the trust framework (legal agreement) so that relying parties don’t for instance, misuse identity data — because if they do, they will lose their stake. Identity owners will need to hold a certain amount of KEY to unlock marketplaces also. We call this, proof of reputational stake and bonded notaries.

KEY will be also used as a payment unit for products and services offered by relying parties in the SelfKey marketplace.

Q: Sounds Cool — can you give more details on this?

A: Bonded notaries will work exactly how notaries work in the real world, except on chain. The notaries will need to stake a certain amount of KEY in order to become a notary — just like in the real world a notary has to post a surety bond with the government, the same applies here. We’ll use part of the overall supply to post this bond for notaries in the beginning, to bootstrap usage.

Q: Great — so the network is built, the notaries are on board, I can buy real products — when?

A:We will launch and get into the market, with tangible utility for KEY tokens from day 1 of our public launch — currently slated for Q1 2018.

Q: So the SelfKey technology is already built? How is that possible?

A: We have been building and working on this technology since 2013 in stealth mode as KYC-Chain, we have existing clients and an existing business. We have now open sourced our technology to create a decentralized, blockchain based self sovereign identity ecosystem.

Q: You said it’s going to be an ecosystem — who else is involved?

A: Well first and foremost, there are relying parties (such as banks), certifiers (such as notaries) and identity owners (such as you).

There are also other companies building adjacent ecosystems to Selfkey.

You can see our blog on the other companies we are working with here.

We see ourselves as providing value to other companies who build on our technology.

We want the SelfKey ecosystem to become, a symbiotic relationship between our foundation, codebase, and open source modules, and the other startups and ecosystems which rely upon our technology.

And you? Do you have questions? Submit a comment below or join the conversation at our Telegram, we will be happy to answer!

Purchasing SelfKey, a Self Sovereign Identity Token (known as “KEY”), should not be considered an investment, and it should not be purchased for speculative reasons.

The KEY token does not give its holder any right to profits, and it does not represent any ownership interest. It confers no ability to vote or manage. KEY is a digital asset that has value and utility solely within the SelfKey Ecosystem for the exchange of goods or services.

This document contains statements relating to future events and intentions, beliefs, expectations, and predictions for the future. Words or phrases such as “will likely result,” “are expected to,” “will continue,” “is anticipated,” “we believe, we expect, estimate, project, may,” “will,” “intend,” “plan,” “believe,” “target,” “forecast,” “would” or “could” (including the negative variations thereof) or similar terminology used in connection with any discussion of future plans, actions or events generally identify forward-looking statements within the meaning of the laws of some jurisdictions. These statements are based on current expectations. However, there are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements included in this document.