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If you think about it, there is a way this is done already in the real world - using Notaries. Notaries verify your ‘documents’. Not that’s they are experts at
by fillskills 4y ago
If you think about it, there is a way this is done already in the real world - using Notaries. Notaries verify your ‘documents’. Not that’s they are experts at sensitive data storage, but there could be something to learn from the ‘distributed’ system of notaries.
- ineptech 4y agoNotaries already exist. The proof that they are not a good solution to this problem is that they're not currently being used to solve it. All the companies doing hokey things like asking people to take a picture of themselves holding their ID and so forth could just start asking them to find a notary instead. AFAIK none of them do and I'm not clear on why you're thinking they would or should.
- fillskills 4y agoYou are right - current notary system may not be optimal for this use case. What I meant to say was that in my understanding, my main issue with 3rd parties such as OnFido etc is my lack in trusting them with my information and secondly storing that info in a central repository. If a bad entity gets access to that database, they now have very detailed information about me. I would rather prefer a decentralized & secure way that can be accesses via an API by companies such as privacy.com etc. The distributed piece is solved by Notaries. Could we learn something from how the notary system works that can be leveraged to build out a modern distributed ID verification system.