MyID on Verify 365

MyID on Verify 365 is a blockchain-based digital identity wallet solution launched in 2023 that implements Self-Sovereign Identity (SSI) principles. The platform is built using proprietary DynamicID technology and is certified compliant with ISO/IEC 27001 and ISAE 3000 (SOC2) standards.

Key technical features include:

• Decentralized identifiers (DIDs) for pseudo-anonymous identity management
• Biometric verification using NFC and facial recognition
• Integration with InterPlanetary FileSystem (IPFS) for decentralized storage
• Verifiable credentials framework for identity attestations
• Decentralized Public Key Infrastructure (DPKI) for key management
• Support for W3C DID standards and protocols

The platform enables users to:

• Create and manage their own digital identity credentials
• Selectively share identity information with verifiers
• Store credentials in a mobile digital wallet
• Verify identities using QR codes
• Maintain control over personal data

Notable adoption includes:

Integration with law firms and financial institutions in the UK for AML/KYC compliance
Expansion into Australia, Singapore and Dubai markets
Selection for UK government lawtech trade missions

The solution aims to address identity verification challenges while giving users sovereignty over their personal data through blockchain technology and decentralized architecture. The platform emphasizes compliance with regulatory standards while maintaining user privacy and data portability.