Bridge Identity Platform Real-World Use Cases
If you are not familiar with the Bridge Identity platform, please read What is the Bridge Identity Platform? to learn more.
Use Cases
Currently when we provide our physical license or identification, we disclose far more information about ourselves than required to simply determine eligibility for most real-world applications. For example, it is not relevant for the bouncer at a local club to know your name and address when they simply need to determine you are over a certain age to enter. Having access to your personal information creates security and privacy risks, and can easily be avoided.
Bridge Identity has countless real-world use cases beyond the above scenario. Current digital identity projects are primarily focused on online and blockchain based identity claims, while ignoring the bigger use cases in everyday life. It is possible that online connectivity and blockchain networks are not always available, so it is important to have a digital identity that can be both used online, on-chain, as well as in the real-world without relying on blockchain networks. This is where Bridge Identity comes in and supports a wide range of use-cases that runs the gamut across all connectivity situations.
Being able to operate in the real world and off-chain, as well as offering “one and done” validation, Bridge also drastically reduces costs for the end user as well as the organizations requiring the user to be verified. Once the user’s information is verified by a partner on the Bridge Marketplace, their Bridge Identity can be re-used for any application in the future, and any organization can accept that identity for verification purposes.
Token Sales and Initial Coin Offerings
The crypto industry must meet Know-Your-Customer (KYC) and Anti-Money Laundering (AML) compliance obligations in order to conduct ICO’s, STO’s and other Token Sales. Without meeting these obligations they expose themselves to substantial risk with local and international law.
Exchanges and Trading
Financial markets and exchanges are obligated to meet KYC and AML compliance standards as well. Depending on the asset being traded, there is an even higher level of due diligence required to allow users to trade.
Gambling and Gaming
For gambling and gaming, similar KYC and AML requirements apply. In the United States, not only do age restrictions apply when gabling or wagering, but state or province becomes a key factor in determining eligibility since the laws vary greatly state by state or even municipality by municipality. Proper identity verification is key to avoid legal issues around illegal gambling.
Custom Credentials and Certificates
Organizations can issue and verify custom certificates of completion or compliance. With Bridge Identity, organizations whether it be a school or an online blockchain training course can issue their own credentials and certificates of completion that can later be verified by third-parties to determine eligibility. This could even expand into discount codes and other promotional eligibility certificates.
Controlled and Restricted Purchases
Controlled and restricted items require age verification. The most common scenarios in the real-world would be the purchase of tobacco, alcohol, and even medical and recreational marijuana. You must be of a certain age or even hold a medical card to be allowed to purchase these items. When purchasing online, certain items cannot be shipped to individuals under a certain age, and cannot be shipped to certain states. Retailers accept an unnecessary amount of legal responsibility if they are not performing the proper due diligence on the purchaser of the item.
Access to Adult Oriented Material
Adult websites require verification of age and location to allow access to adult material. Depending on the content and location of the user, laws will vary as to whether or not that content can be viewed. Many online sites use a credit card as means of verification of age, but in reality it’s just a simple way for them to get your card on file for a nominal fee and then potentially overcharge you without your consent in the future. Furthermore, there is no need for your name, address, or any other personal information to determine eligibility to the material. Whatever you are into is your business, the site doesn’t need to know your name to know that you are allowed to view the midgets and gerbils.
Bars, Clubs, and Concerts
In-person venues often have restrictions on who is allowed to enter. Whether it’s a local bar, a local club, or even a concert, there are age restrictions, promotions, and tickets associated with entry and price of admission. Bridge allows all of these pieces of information to be provided without disclosing any personal information that is not essential to verification.
To learn more or view documentation and source code to get started with Bridge Identity, visit the links below:
What is the Bridge Identity Platform?
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