Whitepaper

Executive Summary

Identifying each other digitally has become a prominent theme
Development of Identity Verification Technology is one of the most significant trends, which will have a critical impact on the digital economy
Results generated from online IDV should be undeniable and unalterable
THEKEY project is now developing a second-generation IDV solution for the internet via BDMI technology
- Blockchain-based Dynamic Multi-Dimension Identification
- 23 copyrights have been obtained, 15 patents have been accepted
- Currently, in use for mobile social insurance payments in two pilot cities, IDV solution is currently being deployed in 41 cities and more than 130 million people
- Commercial contracts signed with world-leading firms and business model partly proven
- Six relevant national laboratories have been set up
THEKEY ecosystem will consist of three components of participants, smart contracts, and TKY tokens
- Develop a healthy environment where personal identity information can be properly used and protected
- Provide a financial incentive to the participants in the Ecosystem
8-step-journey for IDV service
- Insurance company triggers an IDV request
- User accepts the IDV request by using fingerprint through the APP
- THEKEY will review the IDV data request
- THEKEY will make comparisons between fingerprint data sent and the relevant data
- Once THEKEY is satisfied IDV will continue
- The smart contract will be settled by TKY Tokens
- All previous calculations will be documented for future data audit
- The credit of the user and the medical insurance company will be regularly evaluated
BDMI has the following three advantages
- More reliable results
- Lower cost
- Better user experience

Background

Features for solid IDV solution on the internet should include that
- The supporting data should be accurate and reliable
- Data needs to be crosschecked with other data of the same user
- Data acquired is comprehensive
- Data is updated in real time to capture any changes
- Data is standardized and easy for digital processing
- Data is well protected, with its safety guaranteed
Failure to meet these requirements might cause substantial loss
- Asset loss in peer-to-peer value transaction
- Legal and reputational implications
- Disclosure or theft of personal data
- Disclosure of national confidential information

THEKEY Project

BDMI embraces six elements
- Unique biometric data serves as the base of BDMI
- The key data of BDMI used for IDV are all validated in advance
- Data of BDMI used for IDV are comprehensive enough that it can meet the different requirements
- Cross-checking is always carried out during IDV
- BDMI always uses updated data when an IDV is executed
- The result will be properly documented for the audit so that personal credit of the user can be evaluated

How THEKEY project works

DMI
- Includes five modules as indicated hereunder
  - Data collection module: based on ETL technology, which enables data extracted from different data resources, transformed to a uniformed format and upload to a central site
  - Data Standardization Module: data needs to be standardized before it can be properly used
    - Communication Protocol Standardization Module: carries out an interactive transmission of the information among different data systems
    - Term Standardization module: relies on three pillars ontology, NLP, and AI
  - Primary User Index Module: build up a search dictionary, which can be used to easily find all the relevant files of every individual
  - Data Warehouse Solution module: ensure all the individual files are properly stored in the data warehouse
  - IDV engine: complete the IDV service in forms of attestation based on the data exchange platform
Blockchain
- DMI technology on Blockchain
  - The individual user would have full control of their PII information and KYC standard
  - All records of PII relevant data collection and use will be stored on the Blockchain
  - Address the requirement of an IDV result being unaltered and to avoid a catastrophic breakdown
  - Due to the limit of storage size on Blockchain, an alternative option is to save PII data in the ETL database

THEKEY ecosystem and TKY token

Ecosystem Participants
- Validators who process the IDV request and generate the IDV result
- Service Providers who initiate IDV request
- Individual Users who are the customer of the service provider and need to give consent to validators to process the IDV request
TKY Token
- Can be used for cross-border payment easily
- Can be used for the smart contracts generated in Key Ecosystem
- Fractionally divisible
Examples
- Convenient Life such as face recognition and fingerprint digitals on door handles to your house
- Automatic Diagnosis and Treatment of Diseases
- Accurate Recommendation

Roadmap

Team

Catherine LI – CEO

Degree in Computer Science from Mc. Gill University
5 years’ experience in Canadian International Research Council
10 years of management and sales experience at IMS Health
Responsible for policymaking and implementation of the Project
Founder of Dynamic Multi-dimension Identification technology
First in the world to provide IDV service on the internet
The Most Outstanding Women Entrepreneur in China 2017

Ken HUANG – President

18 years as Director of Cyber Security and Cloud Security for CGI Federal office

Guochun XU – CTO

17 years of working with computer software
10 years in China Unicom’s information department as a technician
Degree in computer science and technology from Heilongjiang Institute of Technology
8 copyrights and 7 patents

Dasheng Zhou – Chief Blockchain Officer

13 years working with big data, the blockchain, AI
Product director for Kangjian Shixun Technology

Yuli HUANG – Chief Data Officer

Worked for Good Doctor and CNKI
Degree from Xiangya School of Medicine
15 copyrights and 8 patents

Kun CHEN - CMO

Chinese Pharmaceutical Association, Searainbow, and Business Engine
Ph.D. from Institute of Marine Drugs and Foods

Lin ZUO – COO

Anbang Insurance’s IT Department
Unis Soft
Masters in software engineering and management from Beihang University
Acquired 2.3 million personal users

CONSISTS OF ANOTHER 28 MEMBERS WORKING ON THIS PROJECT

Roger Lim – Blockchain and Cryptocurrency Investor

Co-founder and CEO of Webvisions
Partner of Innosight Ventures

Qingyue CHEN

Founder of Zhen IP

Articles

https://www.thekey.vip/#/MediaList

https://twitter.com/thekeyvip/status/963651788246343680

https://twitter.com/thekeyvip/status/966919425000595456

https://twitter.com/thekeyvip/status/969149940181090305

https://twitter.com/thekeyvip/status/961256978772209664

https://twitter.com/thekeyvip/status/981484188879659008

https://twitter.com/thekeyvip/status/986858419406516224

https://medium.com/@decentraIized/thekey-a-cryptocurrency-review-by-decentralizing-e92fe42b3f4e

Videos

https://www.thekey.vip/#/Videos

https://www.cnbc.com/video/2018/01/03/heavy-identity-tasks-on-the-internet-need-more-security.html

https://www.youtube.com/watch?v=ET-X8WLfxEA&feature=youtu.be&a=

https://www.youtube.com/watch?v=pHJsOeu2tv4

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Conclusion

I would give TheKey an A rating. I truly believe that their technology is going to change the world, and will be used by so many people. This company has created and patented their own technology that is currently being tested by millions of people to protect your identity. The CEO herself has come out and said everything we do or need will require our identity, getting into our homes, banks, schools, jobs, etc. will all need an identity. This company will have a mainnet out by end of the year and with the connections they have will start being really successful early on. This company is already working with governments, banks, and many other institutions to include this new revolutionary technology. They are partnered with NEO and Onchain and many other major Chinese companies and are in talks with the US government. They have a full team with over 30 people on this project and some team members from great Chinese and American firms. This is definitely an A project and should be a good chunk of your portfolio.

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