Self-Sovereign Identity for more Freedom and Privacy - SelfKey
3 minutes

Stay Alert: Centralized Systems Continue To Fail! Keep your data safe!

As centralized systems continue to fail, concerns about a potential global banking crisis persist. However, SelfKey remains unwavering in its pursuit of creating decentralized solutions for upcoming regulations.
29 Mar 2023

🚀 Dear SelfKey Astronauts, 

More centralized systems fail, causing worries over a worldwide banking crisis to continue. 📉❗

In the midst of these devastating, ongoing events, SelfKey is never losing sight of its important goals: to develop decentralized solutions for the regulations that will come.

If centralized systems keep experiencing a decline in their business, it could potentially lead to increased regulatory attention from governing bodies. This increase in regulation could be beneficial for SelfKey, which keeps striving to provide alternative solutions for managing private data. 

With greater regulation, individuals may become more open to utilizing these alternative solutions, leading to increased demand for services like SelfKey

Additionally, stricter regulations could help to level the playing field for smaller companies by creating a more even regulatory environment. Overall, a decline in traditional banking could ultimately be a positive development for SelfKey.

⚡The SelfKey DAO Whitepaper can teach you more about the benefits of decentralized systems.

This week’s article:

🙌 The Benefits of SelfKey iD

KYC may be time-consuming, expensive, and difficult for users, potentially resulting in losing customers and missing business opportunities. SelfKey iD presents a groundbreaking method of identity verification that has the potential to be quicker, more secure, and less expensive compared to conventional KYC methods. 

​Read more → about the advantages of SelfKey iD, its features and benefits compared to traditional KYC.

The previous week’s article:

📢 SelfKey DAO member engagement system

The new engagement system aims to encourage participants to actively contribute to the DAO in order to maintain it. Not only will participants be able to have a say in the DAO, but they could mint tokens by doing so.

Learn more → about SelfKey DAO's engagement system, KEY and SELF tokens, and how to get NFT packs to customize your Normie.

Crypto News

📰 Deutsche Bank shares plummet as global fears over banks continue

Shares in Deutsche Bank took a hit on Friday, prompting a drop in other European banks as fears of a potential banking crisis loom. This comes after recent difficulties with other banks, including the collapse of Silicon Valley Bank and the takeover of failing Swiss lender Credit Suisse. The question remains whether Deutsche Bank will face a similar fate or find a way to weather the storm.


Quote of the week

"The best way to predict the future is to invent it." - Theodore Hook

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SelfKey Protocol is maintained by a DAO of SelfKey iD Holders. Join us and help revolutionize identity management in Web3!


We believe the information is correct as of the date stated, but we cannot guarantee its accuracy or completeness. We reserve the right not to update or modify it in the future. Please verify all information independently.

This communication is for informational purposes only. It is not legal or investment advice or service. We do not intend to offer, solicit, or recommend investment advisory services or buy, sell, or hold digital assets. We do not solicit or offer to buy or sell any financial instrument. 

This document may contain statements regarding future events based on current expectations. However, some risks and uncertainties could cause results to differ. The views expressed here were based on the information that may change if new information becomes available.

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SelfKey is a fast-growing DAO developing digital identity solutions. The DAO seeks to empower individuals and corporations to take back ownership of their identity data
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