### What is SelfKey?

SelfKey is a blockchain-based self-sovereign identity management platform that empowers users to take control of their digital identities and personal data, providing secure access to various services.

### How does SelfKey work?

SelfKey leverages the Ethereum blockchain to manage digital identities in a decentralised manner. It utilises public/private key cryptography for secure data sharing and smart contracts to handle identity claims and verifications. Users have full control over their personal data, which can be selectively shared with third parties as needed.

### What are the potential use cases for SelfKey?

SelfKey's use cases include identity verification for Web3 platforms, DeFi exchanges, opening bank accounts, and other financial services. It provides a marketplace for accessing products and services that require KYC processing, like business incorporation, residency affairs, and digital asset exchanges.

### What is the history of SelfKey?

Founded in 2017 by Edmund Lowell, SelfKey is maintained by KYC-Chain Ltd. The initial coin offering (ICO) occurred in January 2018, distributing 6 billion KEY tokens. The project has partnered with companies like Standard Chartered Bank and Polymath, offering KYC solutions for various fintech startups.

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