How LifeID Will Introduce Self-Sovereign Identity to the Globe [INTERVIEW]

Seattle-based LifeID is aiming to disrupt online identity by enabling individual users and blockchain networks to take ownership of their digital identities through a decentralized platform for managing personal information.

Through blockchain, LifeID is introducing self-sovereign identities as a fundamental part of users' online interactions.

"As our data and metadata become more of a commercial source of monetization for third parties, we have less control over how our identity is represented in the world. The mission of LifeID is to give everyone the set of tools they need to allow them to control all of the data that they use in every transaction."

Through the LifeID platform, users can manage their identity information and process "Verified claims" on other decentralized applications or blockchain networks.

Depending on the context, creating identity claims requires a small fee due to transaction costs.

"The challenge that everyone developing dApps is facing surrounds transaction scaling. For us, scaling globally is key because we want people to be able to use their identities across computational domains and network domains, but also geographic domains. Our partnership with RChain is about ensuring that, when we launch, we have a blockchain that can do 40,000 transactions per second around identity, which is necessary for a global, robust identity solution. In addition, we are working with them as their identity layer for their ecosystem."

With plans to release a mobile application, LifeID utilizes users' phones to act as entry points for holding digital identity information.

The blockchain-based LifeID protocol provides decentralized identity transactions while securing personal data with the user, enabling GDPR compliance through a privacy-first design.

Private keys are issued to each user upon identity creation and are easily recovered or rotated through backup processes, such as a backup using a trusted organization.

The identity platform is blockchain-agnostic and can be used by both individual users and integrated into third-party dApps and blockchain networks.