Moses Samuel
@ukay-samiel
Swisstronik Digital Identity (SDI) - A Decentralized Identity Management System @swisstronik- Digital Identity (SDI) is a decentralized identity management system built on the Swisstronik blockchain network. SDI enables secure, decentralized, and verifiable identity management for individuals and organizations. #SWTR #Layer1 #Swisstronik #CosmosSDK #blockchain #Web3 #DeFi #TradFi
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Moses Samuel
@ukay-samiel
The system comprises three primary entities: Issuers, Verifiers, and Operators. 1. Issuer: An organization, business, or government entity that conducts user and business checks and issues verifications based on those checks. 2. Verifier: A smart contract on the Swisstronik blockchain network that interacts with the x/compliance module to require verification of certain conditions for users to engage, transact, or provide services.
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Moses Samuel
@ukay-samiel
3. Operator: An entity that verifies the legitimacy and trustworthiness of Issuers. There are two types of Operators: - Main Operator: The first and only operator authorized to create other operators. Cannot be deleted. - Regular Operators: All operators except the Main Operator.
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Moses Samuel
@ukay-samiel
🆔 x/compliance Module The x/compliance module is a decentralized storage of verifications made by Issuers, integrated into the Swisstronik Blockchain. It provides verified data to Verifiers for user verification.
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Moses Samuel
@ukay-samiel
✓ Verification A verification is an entry in the Swisstronik blockchain, created and verified by the Issuer, resulting from a specific user verification. ✓ User A user is an individual or company with a blockchain address, requiring services or products that necessitate identity verification.
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Moses Samuel
@ukay-samiel
✓ How SDI Works 1. Users request services or products from Verifiers. 2. Verifiers require verification of certain conditions from Users. 3. Users provide required information to Issuers. 4. Issuers conduct checks and issue verifications. 5. Verifications are stored in the x/compliance module. 6. Verifiers access verifications through the x/compliance module. 7. Operators ensure the legitimacy and trustworthiness of Issuers.
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Moses Samuel
@ukay-samiel
✓ Benefits SDI offers decentralized, secure, and verifiable identity management, enabling: - Decentralized control and management - Immutable verification storage - Tamper-proof verification - Real-time verification access - Scalable and flexible architecture
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Moses Samuel
@ukay-samiel
In conclusion, Swisstronik Digital Identity (SDI) provides a robust decentralized identity management system, ensuring secure, verifiable, and decentralized identity verification for individuals and organizations. For more information, Visit ℹ️ Website:- link.swisstronik.com/5sz Articles:- link.swisstronik.com/kdj LinkedIn:- link.swisstronik.com/bw8
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