Not only do online loans, Weizhong Bank also uses "WeIdentity" to put your identity on the chain
Cyberspace Administration of China
existCyberspace Administration of ChinaBlockchain Project No. 165 of
People will encounter such troubles in their lives. If they lose their ID cards, their rides and accommodation will be affected; if they forget to bring their student ID cards when they take a bus or go to a tourist attraction, they will not be able to enjoy the discount. At the same time, some people use fake student ID cards to take advantage of troubled waters, and some even pretend to use other people's identities to commit crimes.
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How does WeIdentity verify identity?
Public information shows that WeIdentity is a system developed based on the open source blockchain underlying platform FISCO BCOS. Its technology is completely open source, providing distributed entity identity authentication and management, trusted data exchange protocols, etc. Data authorization and exchange.
FISCO BCOS isBCOSThe financial offshoot of the open source platform. BCOS, or BlockChain OpenSource, is an open source platform for blockchain technology that focuses on enterprise-level applications. It was developed by WeBank, Wanxiang Blockchain, and Matrix Element and has been open-sourced. At the end of 2017, another financial blockchain organization - Golden Chain Alliance launched the financial branch version of BCOSFISCO BCOS。
As a blockchain underlying platform, FISCO BCOS basically meets various technical specifications and components required for project research and development. On this basis, WeIdentity has additionally developed several private chains to process business concurrently, thereby expanding computing and other resources. Increase the processing power of WeIdentity.
The picture is made by Odaily based on public information
The picture is made by Odaily based on public information
All participants work together to complete the entire identity verification process. First, the entity object (that is, the person or thing with the identity ID on the chain) applies for an identity certificate from several institutions; then, the user agent (usually an authoritative and trusted institution such as a government department) generates an ID on the chain for the user and provides KYC services . After the authentication is completed, the entity can choose to authorize its various data to several organizations; at this time, the organization using the data can choose to purchase the services of some credential verifiers, who can assist multiple parties whether the data of the entity has been tampered with, whether Certified by the credential issuer (referring to the organization or individual that issues and certifies the data).
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Help Macau residents put their certificates on the chain
WeIdentity has begun to land in practical applications.
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WeBank
Founded in 2015, WeBank, the developer of WeIdentity, is the first Internet bank to open in China.
There are two reasons why WeBank is well-known to people. One is that it was initiated by Tencent, and the other is the launch of financial products for the public such as "Weiweidai" and "Weichedai".
As a bank in the digital age, it spares no effort in investing in technology. According to WeBank's official introduction, it has always maintained that technology investment accounts for more than 30% of the bank's expenses, and technology personnel account for more than 50% of the bank's employees.
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5 identity chain projects filed with the Cyberspace Administration of China. tidy:Odaily
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