BaaSid International Lab CO.,LTD
In recent years, driven by various governments, the trend of open banking is already been the major driving force of financial technology evolution. But every open banking investor has faced same problems about identity verification security and safety of information exchange. The same issues are taken seriously in the applications of internet. And the technology in nowadays can’t solve the problems of personal information leakage. As a result, the decentralized ID based on blockchain technology was received attention extremely that it may solve those problems of information security in internet era.
BaaSid is Taiwan technical team focusing on blockchain technology application development. Based on blockchain technology to develop two products of service application, “Soteria blockchain technology storage” and “Pistis distributed identity authentication”. It is favored by well-known manufacturers and academic units to jointly carry out product development and application cooperation in order to solve traditional technical pain point through blockchain.
Digital ID and Blockchain Application
Solution Description
The solution of BaaSid about smart city, our major solution is digital ID and utilizing Blockchain to protect personal information in government. In the front end, BaaSid integrate and store multiple IDs in the user’s mobile device. And we take biological authenticate to fulfill authentication between user and ID. We can omit many steps when we dealing with the procedure of public institutions. Besides, personal information storing in government will be encrypted and split into fragments to storage through BaaSid’s unique system. This new technology combines with Blockchain technology to protect public and personal information in high level security, which avoids information leaking or illegal hacking.