SelfKey is a blockchain-based identity platform that aims to provide a decentralized solution for managing identity data. This platform is designed to serve individuals, companies, fintech startups, and banks, aiming to provide a potentially more efficient way to handle identity verification processes, often referred to as Know Your Customer (KYC) procedures. The SelfKey wallet, a non-custodial, open-source tool, allows users to store and transmit digital assets and their digital identity. The platform also features a marketplace where users can apply for various services, such as initiating a bank account or incorporating a company, using the KEY token for payment.

SelfKey operates by leveraging blockchain technology and cryptographic methods to create a decentralized identity management system. The SelfKey wallet allows users to store and transmit their digital identity and assets. This wallet is non-custodial, meaning users have full control over their data. The platform also includes a marketplace where users can apply for various services using the KEY token. The traditional KYC process can be costly and unsafe due to centralized data storage. SelfKey aims to address these issues by providing a decentralized solution that aims to enhance security, potentially reduce costs, and improve the customer experience.

SelfKey offers a wide range of potential use cases, particularly in areas requiring identity verification or KYC procedures. For instance, individuals can use SelfKey to store their digital identity and assets, and apply for services such as initiating a bank account or incorporating a company through the SelfKey marketplace. Companies, fintech startups, and banks can also benefit from the platform's decentralized identity management system, which aims to enhance security and efficiency in handling identity data. Furthermore, SelfKey's non-custodial wallet can be used to store and transmit digital assets, including Non-Fungible Tokens (NFTs), providing users with a wallet for their KYC data and other assets.

The core team behind SelfKey has been working on decentralized identity solutions since 2014, with experience across various companies. The platform was developed with the goal of improving the KYC onboarding process and adhering to the ethos of Self Sovereign Identity, which advocates for individuals' rights to own and control their identity. Over the years, SelfKey has grown into a Decentralized Autonomous Organization (DAO) that continues to develop digital identity solutions.

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The current market cap of SelfKey is $1.013M. A high market cap implies that the asset is highly valued by the market.

The all-time high of SelfKey is $0.0903. This all-time high is highest price paid for SelfKey since it was launched.

Over the last 24 hours, the trading volume of SelfKey is $24.983K.

Assets that have a similar market cap to SelfKey include Acala Token, Blocksquare Token, AgriDex, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of SelfKey is 6 billion.