Press release: ownid – DSGVO certified blockchain solution

Helmut Nehrenheim from the Ministry of Economic Affairs, Innovation, Digitization and Energy of the state of North Rhine-Westphalia says: “Central storage of user data always carries the risk of data misuse. If the users are enabled to manage their own identity and the data is stored decentrally with them, trust in and through their data can be guaranteed. This requires such a new identity solution that is in line with EU regulations and international standards.” The ownid digital ID solution, which as an end-to-end platform supports companies at every step of a desired product, meets these requirements. Above all, the data protection effort in know-your-customer processes (KYC) is also minimized. This allows the end customer to be offered simple solutions for the management of personal data. The data is stored decentrally and cryptographically, creating a secure identity that can be used for a wide range of offers. Thanks to the modular approach of ownid as a software kit, companies are able to provide users with an individual set of functionalities. In the future, users will be able to carry out processes such as check-ins, payment transactions, age verifications, contract changes, personalized service offers and much more with a simple click. This leads to higher efficiency, more safety, faster processes and reduced costs. The user always retains his or her data sovereignty.