VeriDID Partners with Vector Smart Chain

This morning a Jason Ansell shared a new press release¹ announcing the partnership between Vector Smart Chain and VeriDID. VeriDID specialises in self-sovereign identity solutions and develops Credential Management Systems.

Dave McKay, CEO of VeriDID was a guest on the recent VSC Spaces episode where he shared his thoughts on VSC. McKay himself specialises in blockchain, self-sovereign identity technology & healthcare.

What does this mean for VSC?

Put simply, this will allow for smoother processes of doing KYC (Know Your Customer) verification for businesses and their customers. It can also be used in other applications where identity verification is needed.

What is Self-Sovereign Identity?

Its a type of digital identity that allows individuals to control their own identity information and verification, without relying on third-party authority (e.g. government or bank). With SSI, you become the trusted authority of your identity.

1. https://cryptopulse.news/veridid-and-vsc-blockchain-join-forces-for-secure-self-sovereign-identity/ ↩︎