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In this #FinancialFox episode, Steffy speaks with Tim, Founder of IAMX – a token-based self-sovereign identity (SSI) and authentication system, enabling 1Click-Fulfillment transactions that are legally binding on the state/national level. IAMX is the first-ever SSI solution to financially incentivize and reward consumers each time they use their identity online.
Here they discuss self-sovereign identity, DIDs (digital identifiers), #ZK zero knowledge Pproofs, mainstream adoption of wallets, why IAMX choose the Cardano blockchain and last but not least how blockchain technology is disrupting the KYC / KYB process for good.
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01:05 – Introduction to the guest – Tim B, Founder IAMX
02:55 – Is IAMX providing technology regarding compliance with financial regulation?
08:30 – How blockchain is disrupting the KYC / KYB process: Reusable KYCs
16:23 – What is SSI aka Self-Sovereign Identity?
19:40 – DIDs stands for ‘Decentralized Digital Identifier’ & not ‘Decentralized Digital Identity’
21:30 – What are zero-knowledge proofs?
25:30 – Blockchain and decentralized identities
29:10 – Intro to Identity NFTs
33:10 – Identity wallets
37:00 – Upcoming projects & services at IAMX
38:35 – Why did IAMX choose Cardano?
40:05 – Outro
Follow Steffy: https://twitter.com/stefixy
Follow IAMX: https://twitter.com/IAM_X_IDENTITY
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The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses a considerable risk of loss. The speaker does not guarantee any particular outcome.
#Web3 #Decentralized #Cardano