IslamicFinance.de

ShoCard, Ateon and Bank AlJazira are working in partnership to launch the first-of-its-kind use case in the region. The use case uses ShoCard's blockchain-based identity management solution along with the KYC solution from SettleMint. ShoCard's technology can be used for password-less login, whereby user credentials are not stored on any computer. ShoCard also ensures no personal or financial data is exchanged during transactions, thus resulting in fast, trusted authentications. Expected benefits of the system include reduced cost for identity management, reduced fraud and improved customer satisfaction. ShoCard's use case samples are easy to develop and can quickly integrate into clients' infrastructure. ShoCard has a ready-to-go complete stack with patented technology.