Desmo Labs Launches D/Wallet Digital Identity Wallet Based on Source.ID Scheme

04/21/2023 21:35 • NFT Newsflash • 144 views

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

Desmo Labs (formerly Debond) has recently launched a digital identity wallet called D/Wallet. This wallet is based on the Source.ID scheme and has passed 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.

What is D/Wallet?

D/Wallet is a digital identity wallet that allows individuals to control their personal data and share it with other entities as needed. It is based on the Source.ID scheme, which is a comprehensive digital identity framework that provides users with a secure and verifiable way to manage their identity. The wallet is designed to be user-friendly and intuitive, even for those who are not familiar with blockchain technology.

Benefits of D/Wallet

D/Wallet offers several benefits to its users, including:
– **Security** – D/Wallet uses blockchain technology to secure personal data and transactions. This ensures that user data is not compromised or tampered with.
– **Privacy** – With D/Wallet, users have complete control over their personal data and can choose exactly what information they share with third-party entities.
– **Convenience** – D/Wallet is designed to be user-friendly and easy to use, even for those who are not familiar with blockchain technology.
– **Compatibility** – D/Wallet is compatible with the EIP-5851 chain verifiable vouchers, which makes it an ideal tool for KYC and KYB schemes based on the European Union EBSI standard.
– **Authentication** – D/Wallet provides a secure and verifiable way to authenticate users and their personal data.

D/Wallet and the European Union EBSI Standard

D/Wallet has passed conformance testing in line with the European Union EBSI standard. This means that it meets the required levels of security, privacy, and functionality that are needed for large-scale use of KYC and KYB schemes based on the EIP-5851 chain verifiable vouchers. This represents a major milestone for Desmo Labs and the Source.ID scheme and demonstrates the feasibility of using blockchain technology for digital identity management at scale.

Conclusion

In conclusion, the launch of D/Wallet by Desmo Labs is an exciting development for digital identity management. The wallet offers a secure and verifiable way for individuals to control their personal data and share it with other entities as needed. With its compatibility with the EIP-5851 chain verifiable vouchers, D/Wallet is an ideal tool for KYC and KYB schemes based on the European Union EBSI standard. Overall, D/Wallet represents a major milestone for Desmo Labs and the Source.ID scheme.

FAQs

Q: What is the Source.ID scheme?
A: The Source.ID scheme is a comprehensive digital identity framework that provides users with a secure and verifiable way to manage their identity.
Q: How does D/Wallet ensure privacy?
A: With D/Wallet, users have complete control over their personal data and can choose exactly what information they share with third-party entities.
Q: What is the European Union EBSI standard?
A: The European Union EBSI standard is a set of requirements and guidelines for digital identity management that ensures security, privacy, and functionality.

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