Ydentity is an enterprise blockchain company that focuses on identity management and privacy engineering. The company's flagship offering is Ydentity ID, a tokenized identity for value transfer that is created through a process that involves a video emotion-recognition interview, face- and emotion-recognition algorithms, and the computing of affective, cognitive, and biometric attributes via artificial neural networks. This digital identity becomes a tool for various activities, such as on-chain asset auctions, Web3 recruitment, private lifestyle engineering, e-KYC, and e-Credit Score.
Ydentity's core product offering revolves around its Ydentity NFT and Ydentity Reputation Token (YDR). The company also aims to create a Ydentity decentralized autonomous organization (DAO), which will be powered by the YDR. Users can earn YDR tokens by participating in various activities, and the Ydentity NFT can be used as an identity on Web3, potentially restoring trust and reputation in online interactions.
Key customers and partnerships
The company has partnerships with technology partners such as AWS, knowledge partners such as The Hong Kong University of Science and Technology, and industry partners such as RISKflo.
Funding and financials
The company raised USD 1.0 million in Series A funding in November 2022 at a valuation of USD 4.5 million. However, there was limited information disclosed about the funding round, including the participants and planned use of funds.
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