Today we uploaded a video demo of our Self-KYC dApp, iXRPL.
iXRPL is a proof-of-concept for an “on-chain”, GDPR-compliant, Self-KYC solution powered by HotPocket. It tokenises the fact an XRP Ledger Account is controlled by a verified identity, turning the verification into a reusable asset. Any participating business can then perform KYC activities on their customer’s XRPL accounts. Figure 1 gives an overview of its structure.
All personal information and documents are securely stored through end-to-end encryption. Users always retain full control over the encryption keys to ensure the security and ownership of their personal documents.
A white paper that better describes the technical details and how all the encryption works will follow soon.