What is Fractal ID?
Fractal ID is an online service that provides identity verification and provisioning. It uses the OAuth2 protocol to handle user authentication, authorization, and resource retrieval.
More about Fractal ID
Fractal ID is an interoperable Decentralized Identity System designed for Web3, providing a comprehensive and secure identity verification solution that meets the highest data and regulatory standards. Here's how it works and what it offers:
Key Features and Functionality of Fractal ID
- Regulatory Compliance
- Data Standards and GDPR: Fractal ID ensures full compliance with global data protection regulations, including the General Data Protection Regulation (GDPR). This means your identity data is handled with the utmost care, ensuring privacy and security.
- KYC and AML: The platform facilitates seamless user verification through Know Your Customer (KYC) and Anti-Money Laundering (AML) checks, making it easy for businesses to comply with regulatory requirements without compromising user experience.
- Interoperable Identity System
- Seamless Integration: Fractal ID is designed to be interoperable across various Web3 platforms, ensuring a seamless integration experience for users and developers alike. This system supports a wide range of decentralized applications and blockchain ecosystems.
- Human Liveness Checks
- Enhanced Security: Fractal ID includes advanced human liveness checks to verify that the user is a real person, enhancing security and trust in the verification process.
- idOS – The Identity Layer of Web3
- Innovative Development: To further drive the adoption of decentralized identity, Fractal ID is developing idOS, the identity layer of Web3. idOS aims to revolutionize how identity is managed in the decentralized ecosystem, providing a robust foundation for future innovations.
- Vertically Integrated Identity Stack
- Comprehensive Solutions: Fractal ID offers a vertically integrated identity stack that provides end-to-end solutions for identity verification. This stack is designed to work for everyone, everywhere, making identity management simple and efficient.
How Fractal ID Works
- User Verification: Users undergo a verification process that includes KYC, AML, and human liveness checks, ensuring they are who they claim to be and meet regulatory standards.
- Data Security and Compliance: All identity data is encrypted and managed in compliance with GDPR and other data protection regulations, safeguarding user privacy and maintaining high-security standards.
- Interoperability: Fractal ID's interoperable design allows it to integrate seamlessly with various blockchain platforms and decentralized applications, providing a unified identity verification solution across the Web3 ecosystem.
- Future-Ready with idOS: The development of idOS represents Fractal ID's commitment to the future of decentralized identity, creating a scalable and secure identity layer that can be adopted across the entire Web3 space.
Key services & use cases powered by Fractal ID as a Web3 infrastructure provider
- Identity Verification: Provides robust identity verification solutions for various needs, including KYC/AML compliance. Ensures regulatory compliance while maintaining user data security and privacy.
- Human Uniqueness for Sybil-Resistance: Offers solutions to verify human uniqueness, preventing multiple accounts by the same individual. Essential for maintaining the integrity of decentralized applications (dApps) and preventing fraudulent activities.
- Decentralized Identity Infrastructure: Leverages blockchain technology to provide decentralized identity solutions (DID). Enables secure and selective disclosure of user information, enhancing privacy and control over personal data.
- Compliance for dApps: Tailors identity solutions to meet the specific needs of decentralized applications. Supports compliance for various sectors such as DeFi, Social, DEX, and Launchpads, ensuring seamless and secure operations.
- Blockchain Ecosystem Integration: Integrates decentralized identity infrastructure into blockchain ecosystems. Drives innovation, attracts dApps, and boosts user acquisition by providing reliable identity management.
- Investor and Company Onboarding: Simplifies the onboarding process for investors and companies, including KYC for individuals and KYB for businesses. Facilitates efficient and secure onboarding for accelerators, VCs, private sales, and public sales/IDOs.
