PurseID

PurseID is a digital identity verification system designed to streamline and secure online transactions and access to services. It operates by associating a unique, verifiable identifier with an individual's online presence and verified personal information. This allows users to prove their identity without repeatedly submitting sensitive documents to multiple platforms. The system leverages cryptographic methods to ensure the integrity and privacy of the data.

The core functionality of PurseID revolves around a secure digital wallet where users can store their verified credentials. When a service requires identity verification, the user can grant specific, permissioned access to relevant parts of their PurseID, rather than sharing their entire profile. This granular control enhances user privacy and reduces the risk of data breaches. The verification process typically involves an initial onboarding phase where users provide and authenticate their identity documents through a trusted third-party verifier.

PurseID aims to combat identity fraud and improve the efficiency of online interactions. For businesses, it can reduce the burden of manual identity checks and compliance requirements. For users, it offers a more convenient and secure way to manage their digital identity across various online platforms. The system is designed with interoperability in mind, allowing it to be integrated with a wide range of applications and services.