Nowadays KYC and/or personal identification is required for nearly every person’s move, from conducting financial operations, buying insurance, wiring money or making investments to exercising community votes, job search, using social networks and becoming members of clubs for some pets. Most of us have already spent hours and hours filling visa questionnaires (and keep spending more), house bills and registering with every new bicycle-sharing operator.

Millions of people supplying tens of registration forms (most of them still on paper) and doing billions of individual checks and double checks on the same person, making requests for credit history and AML clearances over and over again in respect of the same human. All this can be replaced by a single unified ID applicable for every organization and giving you a chance to log in in one click and be verified within seconds.

We are witnesses of multiple efforts to build a widely accepted KYC/AML solution. However, none of the existing players is capable of providing this service at a scale and quality level sufficient to be accepted as an industry standard. Thus, a multilateral move is needed for this simplified and time-saving procedure becoming reality.