Selfd.id launches first decentralized digital identity platform in Romania
The solution is designed to enable institutions and private organizations in the country to issue verifiable, digital credentials such as professional certificates, building authorizations, vaccination certificates, and more.
After obtaining the credentials, users will be able to identify themselves via the company’s verificabil.eu platform, which is also compatible with other, international systems.
“The launch of the integrated digital identity platform is the first step towards developing a free market for digital credentials, where further national and regional ecosystems can develop and interact organically,” explained Radu Chirilă, selfd.id Co-founder.
The fact that the platform is decentralized also means it is capable of keeping up with a vast number of users’ requests without limiting the ability to issue credentials to a specific entity.
“We want to bring Romania to the forefront of the adoption of new digital identity standards and to promote the adoption of a coherent and functional e-ID standard,” the executive added.
According to Chirilă, digital credentials will soon become a standard for a number of governmental interactions, from validating an employee certificate to accessing a loan, signing a sale-purchase contract, or attesting a certification.
“Their usage will simplify and streamline the interactions of companies and government institutions with their public,” he concluded.
Selfd.id’s efforts fit in a wider, global trend that sees distributed digital identity platforms becoming increasingly widespread tools to verify individuals across a number of sectors.
For example, in June, Unum ID raised $2 million to expand its ‘sharified’ blockchain digital identity platform in South Africa, and in August Keyless raised a similar amount to launch its decentralized biometric digital identity platform for enterprise authentication.
Decentralized credential storage is also a key feature of the OpenGate platform developed earlier this year for implementation of travel digital identity schemes.