SelfKey Progress Report for November

Welcome to another SelfKey Voyage Report. Every month we share our recent progress, highlight partnerships and point you towards fresh content designed to make your life better and more secure. 
10 Dec 2019

After launching the Corporate Wallet and exiting BETA in October, the SelfKey team met up in Thailand in order to evaluate the progress made in 2019 and plan ahead for 2020. As with every team event, it was excellent seeing everyone again and discussing all the exciting things to come.

We will share more details with you soon, but for now we can tell you that we will be putting a lot of focus on usability in 2020 as well as facilitating on and off ramps for crypto. We’ve got a ton of exciting projects coming up and we’re always keen to hear your thoughts in the forum and Telegram group.

Of course, the SelfKey team still managed to make significant progress in a number of important areas. The Corporate Wallet for example, continues to make big strides and we aim to launch another major release soon (ideally before the end of the year). 

Excitingly, we’ve also made significant progress on the much requested mobile wallet. We will begin testing over the coming weeks and aim to make adjustments quickly. After that we just need approval from the app store in order to launch our mobile wallet.

Finally, thank you to everyone who participated in our poll to decide on the best design for the Wallet dashboard. Option 1 came out on top, receiving 58% of the vote. Here is your winner:

Desktop Wallet dashboard

Click to enlarge

Partnership: Hong Kong based digital asset exchange, Lukki, to list KEY token

 SelfKey’s native utility token KEY is now listed on the growing cryptocurrency exchange Lukki.

Launched at the beginning of 2019, the Hong Kong based exchange has experienced impressive growth, with CoinGecko now ranking the platform among the top 200 worldwide in terms of trading volume. 

In addition to cryptocurrency trading, Lukki also offers a sophisticated IEO launchpad, a lending service, and plans to introduce a gamification system that makes the trading process easier and more interesting. Read the full announcement here.

The SelfKey Identity Wallet is a free identity solution for Windows, Linux and Mac. Get yours today!

Fresh content for you

Timeline of data breaches - 1.2 billion records exposed in November

SelfKey’s mission is to give individuals and corporations the power to truly control and own their personal data. Without this control and ownership, we remain vulnerable to identity theft and fraud. Moreover we cannot be free if we are forced to forfeit sensitive information whenever we want to participate in the online world - by registering an online account for example. 

Once our information is collected, it is stored on vulnerable servers which pose an attractive target to hackers and malicious actors. Large amounts of personal information can be sold or misused for financial gain and it is no wonder that cyberattacks are the fastest growing crime in the world. Consequently, data breaches are becoming an almost daily occurrence.    

To highlight how broken the current system of identity management really is, we’re recording every single data breach. Sadly, three major data breaches occurred in November exposing over 1.2 billion records, bringing the total for 2019 up to 5.3 billion. You can read the full timeline here and read how SelfKey will help protect your data here.

A Primer on Decentralized Identity

Decentralized identity has the potential to change the future when it comes to identity management. Here’s a succinct introduction.  

What Happens to Your Personal Information Once You’ve Been Hacked?

We’ve probably all been the victim of a data breach or hack at some point in our lives, but what happens to your personal information after it’s been stolen? In this article we take a look at what criminals do with your personal data. Check it out here.

What is a Merkle Tree and How Does it Affect Blockchain Technology?

Merkle Trees play a vital role in blockchchain technology. Here’s an introductory, non-technical, overview of what they are and why they matter. Read more.

Social Engineering Hacks 101

Malicious actors often gain access to online accounts without a single line of code. Instead they use sophisticated social engineering hacks to manipulate others into releasing information. Check out the full article here.

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