Private Identity Verification

During application sign-in procedures, users might encounter a request for identity verification to authenticate the congruence of their identity with the provided data. This is an elective part of the login process, determined by the application developer.

Various identity verification mechanism exists controled through the identity administration portal, which is in turn controlled through the governance system. Tonomy ID provides newer decentralised identity verification mechanisms utilising off-chain social graphs and ergonomics and backwards compatible identity document verification (KYC-like) flows with enhanced capabilities.

During an identity document verification flow, the verification proof is retained in the sovereign storage vault instead of being stored in a database, thereby preserving its confidentiality and reusability. This approach sustains user trust while reducing the long-term costs associated with identity verification.

For instance, numerous financial applications necessitate this process for regulatory compliance, whereas contemporary Web3 decentralised finance applications might forego this, permitting anonymous logins. These apps leverage the de-anonymization governance feature to ensure user accountability without necessitating personal information from each user.

Netverify comparison:
This feature could be compared to Netverify (utilised by Airbnb), with the distinction that post-verification, identity data, including the verification proof, resides solely on the user’s device, enabling repeated use without additional verification costs.