Masque ID (Decentralized Identity)
Masque ID
Masque ID is a decentralized identity system for compliant digital assets . It streamlines KYC while streamlining data privacy.
The Masque ID protocol allows users to create their self-sovereign identity on the blockchain. Their private data is kept off-chain with trusted parties, encrypted identity proofs of data validation are published on the blockchain.
Key Features
Self-Sovereign Identity (SSI): Users manage their identities, including attributes like jurisdiction codes, risk scores, and compliance credentials.
Off-Chain Privacy: Sensitive data (e.g., passports) is stored with trusted KYC providers, while only encrypted identity proofs are published on-chain.
Claims-Based Verification: The Claim Registry manages compliance claims like KYC and AML, linked to user identities for real-time validation.
Dynamic Risk Management: Risk scores are updated dynamically based on activity, jurisdiction, and compliance status.
Masque ID: Decentralized Identity System
Purpose: Masque ID enables self-sovereign identity (SSI) management for compliant digital assets. It integrates on-chain identity proofs with off-chain data storage, streamlining KYC and regulatory compliance while preserving privacy.
Key Features
Self-Sovereign Identity (SSI): Users manage their identities, including attributes like jurisdiction codes, risk scores, and compliance credentials.
Off-Chain Privacy: Sensitive data (e.g., passports) is stored with trusted KYC providers, while only encrypted identity proofs are published on-chain.
Cryptographic Proofs: Identity validation relies on tamper-proof cryptographic attestations, ensuring authenticity without exposing private data.
Claims-Based Verification: The Claim Registry manages compliance claims like KYC and AML, linked to user identities for real-time validation.
Dynamic Risk Management: Risk scores are updated dynamically based on activity, jurisdiction, and compliance status.
Processes
Identity Creation: Users submit documents to KYC providers, who validate and generate on-chain identity proofs.
Compliance Validation: The Compliance Module queries the Identity and Claim Registries to ensure regulatory adherence during transactions.
Updates and Restrictions: Non-compliant identities and expired claims are dynamically revoked or updated.
Core Interactions
Users: Manage their identities and proofs through Masque ID.
KYC Providers: Validate data and issue cryptographic proofs.
Smart Contracts: Query Masque ID for compliance validation.
Last updated
