New Video: MetaMUI SSID
New Video: MetaMUI SSID
Our new video briefly explains what MetaMUI SSID is and what kind of features it contains. MetaMUI SSID is the world’s first true Self-Sovereign Identity Application that enables running Blockchain-Based E-Government System and CBDC payments on top of MetaMUI Blockchain.
For the E-Government System, MetaMUI SSID provides:
- National Digital ID based on Decentralized Public Key Infrastructure
- Digital Identification & Notarization
- DAO (Decentralized Autonomous Organization)
- Council Voting for various purposes
For the CBDC payments, MetaMUI SSID provides:
- Micro Payments up to 1 million TPS
- Real-time Cross-border payment
- Offline Payment
- Online Shopping & Offline Shopping
- E-Bill Payment & P2P Payment
All these features are connected through the most secured authentication mechanism called “PairWise Trust.” Pairwise Trust is a security protocol that verifies the identities of both parties in a transaction simultaneously, powered by Two-way Cryptographic Binding. Users can log in to any website without registering a new ID and password but only with DID.
This enables a truly decentralized identification between the metaverse and the real world while protecting the user’s privacy and data. MetaMUI SSID will be the next-generation identification and payment solution that opens the gate to a new digital economy, accelerating the world to become more digitized.
About MetaMUI
MetaMUI is the world’s 1st Identity-based blockchain to enable regulated Peer_to_Peer (P2P) transactions. It can be used as the cornerstone for most financial offerings, with its high versatility and support for custom-developed use cases that easily enable Central Bank Digital Currencies (CBDC) implementation and issuance on the MetaMUI CBDC platform.
MetaMUI is built around Self-Sovereign Identity (SSID) technology. By combining the SSID and blockchain token mechanism, MetaMUI was able to create a new identity-based CBDC system that can protect user’s privacy while providing an identity-based transfer system that can satisfy travel rules and other regulatory requirements such as Know your customer (KYC), Anti-money laundering (AML) and Counter Financing of Terrorism (CFT).
