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Desmo Labs Launches D/Wallet digital identity wallet

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It is reported that Desmo Labs (formerly Debond) has now launched a D/Wallet digital identity wallet based on the Source.ID scheme, which has passed the conformance testing in line

Desmo Labs Launches D/Wallet digital identity wallet

It is reported that Desmo Labs (formerly Debond) has now launched a D/Wallet digital identity wallet based on the Source.ID scheme, which has passed the conformance testing in line with the European Union EBSI standard. D/Wallet has been displayed on the official website of the European Union EBSI, verifying the feasibility of large-scale use of KYC and KYB schemes based on EIP-5851 chain verifiable vouchers.

D Wallet wallet based on Source.ID scheme has passed the EU EBSI standard conformance testing

Are you tired of carrying around multiple IDs and documents for your everyday activities? A solution to your problems has finally arrived. Desmo Labs, formerly known as Debond, has launched a D/Wallet digital identity wallet that is based on the Source.ID scheme. This wallet has passed the conformance testing in line with the European Union EBSI standard and has been displayed on the official website of the European Union EBSI. Let’s dive deeper into what this means for us!

What is D/Wallet?

D/Wallet is a digital identity wallet that provides individuals with direct control over their digital identity. It consolidates all the necessary documents and IDs into one secure and accessible location. The wallet is designed to allow for easy access to personal documentation while also protecting the user’s identity from potential fraud or theft.

How Does It Work?

D/Wallet is based on the Source.ID scheme, which is a digital identity framework based on blockchain technology. The Source.ID scheme utilizes decentralized identity to provide users with full control over their identity data without the involvement of a central authority. All data is stored on the blockchain and is encrypted to ensure maximum security.
The D/Wallet utilizes a KYC (Know Your Customer) and KYB (Know Your Business) scheme based on the EIP-5851 chain verifiable vouchers. This allows for secure identity verification and protection against identity theft, which has become increasingly common in recent years.

Benefits of D/Wallet

The D/Wallet offers several benefits to individuals who utilize it. It provides hassle-free access to important documentation while also ensuring that identity data remains secure. The wallet also allows for the easy and secure sharing of documents with third parties. This ensures quick and efficient verification, reducing the time and money spent on such processes.
Furthermore, the wallet is compliant with the European Union EBSI standard, meaning it meets all of the necessary requirements for a digital identity wallet in Europe. This makes it an excellent choice for individuals who frequently travel within the EU or conduct business there.

Conclusion

The launch of Desmo Labs’ D/Wallet digital identity wallet is a significant step towards a more secure and accessible digital identity framework. By utilizing blockchain technology and adhering to the EU EBSI standard, this wallet ensures maximum security while providing ease of access to important documentation. With the potential for large-scale use of KYC and KYB schemes, D/Wallet opens up a world of possibilities for safe and efficient identity verification.

FAQs

1. How is my personal information secured on D/Wallet?
– D/Wallet encrypts all data on the blockchain, ensuring maximum security and protection against potential fraud or identity theft.

2. Can I use D/Wallet outside of Europe?
– Yes, the wallet can be used globally. However, it is compliant with the European Union EBSI standard, making it an excellent choice for individuals who travel frequently within the EU or conduct business there.

3. Can I share my documents with third parties securely?
-Yes, the wallet allows for the easy and secure sharing of documentation with third parties, reducing the time and money spent on such processes.

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