The company has developed a method, by providing the identity proof and signature attachment to a document, delivering a reliable, notary-equivalent process for the digital age. Currently, there are over 75 countries globally that recognise the legal validity of e-signatures, however it is still difficult to legally prove that someone has signed a document. With ShoCard’s blockchain-certified digital ID, an individual can attach their identity to a document, digitally sign it with cryptographic proof, and automatically provide an audit trail of proof.
Moreover, by hashing a digital document and using a private key to sign the document as an attestation to their signature, the only proof that can be provided is that a document existed in a particular form (perhaps with a signature on one of the pages) at a given time.
ShoCard was designed as an identity platform that can identify a real individual, determined through a KYC process. By matching their government identification and their biometrics together, and then tying that information to their private-key on their personal device and a digital-ID on the blockchain, the KYC results can be certified by a certifying authority, and also maintained on the blockchain as proof of the person’s identity. With this information, it is then possible to create a true digital signature of the hash of a document that can be easily proven.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.