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The Kilt Protocol describes SocialKYC, which is based on KILT

Kilt Protocol announces the launch of SocialKYC, a decentralized identity verification service that helps users take back control of their digital identities. In it, the project shares details on how the platform works and encourages users to create their own digital identities and get the first KILT login to receive many benefits later.

Kilt Protocol shares details about SocialKYC

As Bitcoin Magazine mentioned, SocialKYC is an “all-in-one” identity verification solution. In short, it verifies a user’s identity in the digital world by demonstrating control over their social media accounts (LinkedIn, Twitter, TikTok, Discord, Github, etc.), email addresses or mobile phone numbers.

According to reports, SocialKYC and Sporran, the KILT wallet, are being jointly developed by BTE BOTLabs Trusted Entity GmbH (BTE), a subsidiary of BOTLabs GmbH, the original developer of KILT. SocialKYC and Sporran allow users to manage and store their personal credentials and control the items of personal information they share with online services.

How SocialKYC works

SocialKYC’s approach to sensitive personal data is completely different from Web 2.0 systems. It forgets the user’s credentials if they are provided by the system.

  • First, SocialKYC sends users a simple task to verify their control over a given account (verify your email address; tweet this to prove this is your account). Friend).
  • After a successful check, SocialKYC issues credentials to the user. Users can save credentials in their Sporran wallet. Credentials indicate ownership of a specific account.
  • This personal data is not stored or passed on by SocialKYC. It remains in the user’s sporran wallet under their complete control.
  • Through the Sporran wallet, users can submit their credentials to any online service that accepts them.

Users can also publish one or more of their logins to make them accessible to all. In addition, the user can cancel the published login at any time.

How to create a digital identity and get your first KILT login

The first step is to set up Sporran, a browser extension for Firefox and Chrome that acts as a wallet for KILT logins and KILT coins. Once done, you will receive your first DID. Your digital identity is complemented with various credentials such as email, Twitter account, passport, certificate, etc.

Then comes the step of getting KILT credentials once Sporran has been set up. By default, these free signups are set on the KILT blockchain. Sporran will also offer an option to upgrade to a full on-chain DID. This allows users to use a service endpoint such as For example, create a URL, which makes their credentials public and makes them easier for online services to access.

Upgrading to full DID requires a transaction fee payable in KILT (currently less than 0.01 KILT) and a deposit of 2 KILT. This escrow is intended to encourage users to delete data from the blockchain when it is no longer needed, thereby reducing wasted storage space. If you later delete the DID, this deposit will be refunded.

The full DID also allows the owner to place additional keys for purposes other than authentication, including authentication and authorization. This allows owners to issue their own credentials and create an authorization hierarchy. On-chain DID will also be useful for people who want to publish their credentials, use key rotation for extra security, and anchor their DID on the blockchain.

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

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