Blockpass can primarily differentiate itself from other KYC ICO projects by the fact that it isn’t a KYC ICO project. Blockpass is an identity application, used to create, store, manage, and utilize user-centric and self-sovereign identities. Blockpass’ initial releases focus on human identities, which can be utilized for KYC verification, but this is in no way the end vision of the application.
Ultimately, Blockpass will enable the creation, storage, management, and utilization of identities for any manner of devices, “things,” or other objects. Blockpass will facilitate a foundational level of security in the IoT by attributing the identities of objects and things to their owners’ human identities. Imagine a self-driving car in the IoT. The ownership of this car will be established in a smart contract. Should the car be in an accident as a fault of the maintenance or cybersecurity of the vehicle, the responsibility will be easily attributed to the owner.
It is important to remember that blockpass identities are USER CENTRIC and a major goal of the team is to eventually enable self-sovereignty for these identities through the development of zero-knowledge proofs. A user-centric identity is an identity where zero data is outside of the control the user. Users’ raw data is not stored on blockpass servers. We keep a hashed version on the blockchain for authentication. A self-sovereign identity is an identity where none of the data used to establish the identity is ever viewed by any human, or stored anywhere except in locations fully under the user’s control.
In Blockpass’ current form, a unique characteristic is the “Proof of Verification” system. Trusted service providers that accept Blockpass human identities as KYC will have the option to proof the identity of users that wish to onboard to their services. PoV participants receive token rewards for this effort. The PoV system ensures that BP identities are kept up-to-date, and are compliant with KYC requirements in many jurisdictions.