ShareRing, a blockchain-based ecosystem providing digital identity solutions, has launched Skinny ID, aiming to offer a smooth and frictionless onboarding process.

According to the announcement:

“Introducing Skinny ID, ShareRing’s streamlined registration process that removes friction from the onboarding journey and allows users to explore the ShareRing ecosystem without having to provide any government ID.”

Being a user-centric blockchain platform, ShareRing enables the issuance, storage, verification, and exchange of personal information and key documents. The report noted:

“Previously, the initial ShareRing onboarding journey added friction for users logging into ShareRing for the first time, which went against our mission of enabling frictionless access. It was a more extensive check-in process that required at least one government ID followed by a selfie scan using our face-matching technology.”

ShareRing’s blockchain-powered platform also enables financial institutions to carry out processes more efficiently and quickly based on its electronic know-your-customer (eKYC) product, which gives users the flexibility to consent to share data.

ShareRing recently integrated the eKYC process with near-field communication (NFC) technology to make it more reliable and secure, Blockchain.News reported.

Previously, ShareRing launched a new blockchain-enabled website digital identities usher in the Web3 era to meet the challenge of the loss of autonomy over personal data experienced in Web2.

Since the lack of ability to manage digital identity and footprint in Web2 has been one of the main obstacles to safeguarding data privacy and ownership, ShareRing aimed to solve this challenge with the blockchain-enabled website.

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