THEKEY (TKY) is the token that will be utilized on the THEKEY platform. THEKEY is a decentralized ecosystem tool for identity verification (IDV) that features Blockchain-based Dynamic Multi-dimension Identification (BDMI) and uses Personally Identifiable Information (PII) that is authorized by the government. This ecosystem is built on the Neo blockchain. Neo's Smart Economy features Digital asset, Digital Identity and Smart Contracts. Digital identity is a key element in the success of THEKEY,Show more [+] hence its collaboration with Neo ecosystem to establish this feature together.
THEKEY ecosystem will comprise of the validator, the service provider and the user. The TKY token will be used to validate and settle smart contracts within THEKEY's ecosystem. THEKEY's main role will be to migrate people from the physical world to the online world.
At the moment, there is a pilot program in two cities where the platform is being used for mobile social insurance to pay pensions and health care insurance reimbursements. The team behind this project hopes to expand to more than 40 more cities with more than 130 million people and eventually expand to the entire world.
This token is supported by Infinito Wallet and is available in various exchanges including Kucoin, Allcoin, Bit-Z, HitBTC, Coinrail, Allcoin and Lbank.
The team working on the project is comprised of experts from various fields. They include chief executive officer Catherine Li, chief blockchain expert and chief identity management system architect Ken Huang, chief technical officer Guochun Xu and chief business officer Dasheng Zhou among others.