This week’s guest is Cardano NFT columns is a project that is Supporting NFT projects with DID (Decentralized Identity) solutions: IAMX.
previous guest was A project to launch a Play And Earn (P&E) mobile game in both Cardano and Solana.
This initiative Cardano NFTs Invite someone every week or two to answer a few questions. Update directly from within the Cardano community.
Considering that many of our readers are new to the crypto space, we A combination of simple and technical questions.
Cardano NFT Project: IAMX
I’m glad I came here. Please introduce your team. Where are you from and what is your background?
Thank us! As for our team, Co-founders Tim Heidfeld and Tim Bruckmann have long experience in Telecommunications and affiliate marketing in Germany They have helped several companies launch and exit.
Overall, we 25 people on the teammore than half of which are part of the development team, and this is also our place The ongoing recruiting campaign is lyingWe are also lucky to count some among us Experienced professionals in business development and marketinglike us Thomas Tallis, Nicholas Collinson, André Eilerzen, Andrew Forson, Lise Wessel In addition to having a solid track record in the field of blockchain, international business sense We need to grow and serve the world.
We lead our development team Experienced CTO Dennis Mittmann who has been working with blockchain since 2012He is also an expert in high-traffic environments that are essential for the massive scaling we are planning. Marcus Sabadero Guide our efforts so that we are always the best research.Marcus is considered one of them The World’s Most Renowned SSI and DID Experts He is also a principal researcher of the W3C (The World Wide Web Consortium).
What is IAMX and why did you choose the Cardano blockchain for your project?
IAMX is a token-based decentralized identity and authentication protocol. Give individuals the means to own their identity. Comply with the strictest regulatory standards for privacy protection, We provide robust and secure systems that allow individuals to control and manage their identities.
IAMX users realize Significant time and cost savings Through a fresh approach to identity management and e-commerce transactions, One-click fulfillment, are legally binding and maintain compliance with local regulations. By allowing users to manage their ID data, Time-consuming processes like form filling, Know Your Customer (KYC), and Know Your Business (KYB) become almost instant, highly secure transactions.
we, Self-Sovereign Identity (SSI)blockchain, and DID to allow individuals, organizations, or any entity to Prove your identity independently of external parties and central authoritiesIn this way, the authenticity of anything associated with an IAMX DID can be independently verified by the entity holding the DID. Our DID method did:iamx was approved by W3C in March 2022 and is fully GDPR and privacy compliant.
In addition to the time-saving and privacy benefits, IAMX users are encouraged to use their ID to benefit from upgrades, discounts, or cashbacks whenever they use their IAMX ID for online transactions.Companies using IAMX will see significant benefits in everything from significant cost savings compared to current solutions to increased conversion rates as a result of simplified customer onboarding with IAMX. Other business partners, such as telecommunications companies and other organizations that need to perform her KYC for their customers, act as follows: As a data verifier, you can benefit from lifetime earnings This is because we award a portion of the affiliate marketing fees generated in the IAMX marketplace.
We decided to launch with Cardano Team Architect Tim Bruckmann already ran a stake pool, so a natural affinity for this blockchainThe more sustainable Proof of Stake that Cardano offers and the amazing Cardano community were also deciding factors. but, IAMX’s solution is chain agnostic and can already solve for 50 ledgers and register for 8..
What are NFT identity verification solutions and how do they work? How does KYC fit into this?
yes When it comes to NFTs, platforms such as marketplaces manually evaluate NFT projects on a case-by-case basis for verification.Not only is this time consuming, it is also not scalable. Cross-platform validation has never been feasible for many because it required too much work. Often dissatisfaction remains. This is where DID comes into play. DID allows project creators to prove their identity in a decentralized wayyou don’t have to enter your personal information every time and then wait for manual confirmation.
So the way it works is Create a DID by successfully logging into various social media if you want to verify your identity and associate it with the NFT project. Twitter, Discord, GitHub, Facebook, Apple, Google, etc. Click here for details.
This DID is added to the NFT collection and Future buyers can be sure that the NFTs they are buying are verified. they can go here Find all the information you need on DID. For example, if the NFT creator is Snoop Dogg and The DID proves that the NFT creator has successfully logged into Snoop Dogg’s Twitter account. This makes the NFT very likely to be genuine..
As for the KYC aspect, this is not yet implemented in vNFT, but will be implemented.of KYC data is stored in the NFT creator’s ID wallet, DID indicates that the NFT creator has performed KYCHowever, the actual KYC data is not stored in NFT. The point of making KYC part of it is that it is also Provides additional reassurance that NFT creators are who they say they are and helps avoid fraud.
What does the future hold? Where do you see IAMX in 1, 5, 10 years from now?
We are at the forefront of the Web3 revolution, The world’s most secure, decentralized, and easy-to-use Self-Sovereign Identity (SSI) solution to the internet.
During the next year IAMX ID Wallet is started and we also iOS & Android Marketplace Appswe would have already Partnered with over 50,000 companies.
Within 5 years IAMX Becomes World’s Leading Provider of Identity Solutions for Web3Connecting an IAMX ID wallet is now a process of entering the internet as natural as opening a URL.we would actually have Added of A layer of identity and authentication to the Internetwith IAMX, in 5 years you’ll be able to treat the internet like you’re always logged in.
P.In line with our mission and vision, IAMX is committed to solving the following problems. Providing identities to billions of people who do not currently have state-recognized legal identities. In ten years, I think we’ve made great strides in creating identities for over a billion people in the world. Currently living without identityOur dream is to reduce this figure by more than 80% over the next ten years. We believe we can make it happen!
great contribution. Do you have any closing thoughts? Where can people get in touch?
thank you very much!As for the closing thoughts, we believe The days of your identity acting as a product, controlled and capitalized by a corporation are coming to an end.It’s time to take ownership of your identity.
We hope you will join us on this journey. discord When telegramYou can drop us a line too [email protected] We hope you will visit us again. Twitter Identity Lounge This is every Tuesday at 7pm CET / 1pm EST. all links can be found here.
Disclaimer: The opinions and views of those interviewed are their own and do not necessarily reflect those of the Cardano Foundation or the IOG. Furthermore, this content is for educational purposes and does not constitute financial advice.
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