Secure Identity Ledger Corporation, a digital identity platform for people, business or machine, has announced a preview of its blockchain platform and web portal in advance of its Token Sale. The SILC blockchain will be the entry point for individuals, government and companies to learn how digital ID data can be recorded, managed and distributed in a more equitable way.
With a goal of SILC will providing a first-ever turnkey digital ID system for consumers, including registration, authentication, verification and personal monitoring, the platform will provide individuals with a unique digital token that enables them to prove their identity to third parties. Rather than a Proof-of-Stake or Proof-of-Work model, SILC operates through a Verified Existence Algorithm in which both parties can exchange and confirm information through the SILC dashboard without it being recorded. SILC’s One Digital ID is cryptographically secure and unalterable.