FOOODCOIN launches the DIGID system (e-passport) for testing

FOOODCOIN launches the DIGID system (e-passport) for testingSource: DIGID also has a huge socio-economic potentialSource: FOODCOIN provides a solution - DIGID (e-passport)Source: Users will have access to digital financial tools
FOOODCOIN launches the DIGID system (e-passport) for testing
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FOOODCOIN launches the DIGID system (e-passport) for testing
Identification of people today is a critical issue.

In the modern world, it is impossible to legally interact with society and the government, remaining anonymous. FOODCOIN ECOSYSTEM is a blockchain ecosystem for business interactions. Hence all users must be identified and verified to exclude fraud and tax evasion. Having received DIGID (e-passport), the user will not have to go through the identification procedure many times, if he works in different markets and with different clients and partners. For daily using, DIGID will allow you to easily signup on various sites and get access to numerous digital services.

But DIGID also has a huge socio-economic potential. According to FAO statistics, there are more than 500 million farmers in the world. Most of them are smallholders. The big irony is that farmers who must earn from food production in fact starving. Some of them do not have proper identity documents, and it excludes them from modern economic interactions. Most social services are also unavailable without proper identification. As a result, underserved populations, people in critical situations, such as the homeless or victims of climate or social disasters, cannot access basic social and financial resources. They cannot get a job, health care or shelter. Financial transactions are also closed for them, as they also need an identification document. However, in order to obtain or recover documents, they must present an even larger set of other documents, getting taken in a vicious loop. Many people will just give up in the middle of this long journey, losing access to this income. To date, roughly 2 billion people have no access to banking financial tools, including due to lack of proper identification. The situation is most visible in the case of social or natural disasters in remote or inaccessible areas. Even international NGOs and charities recognize that they often do not know exactly how many people they are supporting and whom exactly.

In order to ensure secure financial interaction between people, to increase access to markets for services, goods, social and humanitarian support, FOODCOIN provides a solution with a blockchain-based identification system - DIGID (e-passport). A user who has passed a simple identification and verification process will have access to digital financial tools through using WALLOK platform. Ultimately, it will allow to create an up-to-date database of people who have not been identified and include them in the legal economic space.
Source: DIGID also has a huge socio-economic potential
Source: DIGID also has a huge socio-economic potential
Source: FOODCOIN provides a solution - DIGID (e-passport)
Source: FOODCOIN provides a solution - DIGID (e-passport)
Source: Users will have access to digital financial tools
Source: Users will have access to digital financial tools
DIGID is a registry system that contains all the information that the User should add about himself. The information must be verified by a verifier to avoid its alteration or forgery. This data will be added to blockchain and stored as hashes to be compliant with the GDPR Directive.

For verification, the user has to open the WALLOK and select a verifier from the list of verifiers and send a check request. The verifier will receive this request and start the verification process. The verifier can be a legal entity with a license for KYC/AML procedures and an agreement with FOODCOIN GROUP AG to provide verification of FOODCOIN users. This ensures the reliability of the information, and it is an important part of FOODCOIN ECOSYSTEM as a system to protect the data from tampering.

For the convenience of data access and distribution, DIGID uses a system of QR codes. To make the codes available and readable all over the world, FOODCOIN negotiates with potential partners working in this area for standardizing this system.

Gaining access to identification services based on digital blockchain can facilitate access to global financial and business tools. Thus, operation in FOODCOIN ECOSYSTEM will be convenient and secure.

#foodcoin #blockchain #risk_management #wallokplatform #kyc #aml #e_passport #supply_chain #digitization #web_3.0 #SDG #transparency #ecosystem #supplychainoptimization #big_data #farming #analytics #procurement #efficiency #foodtech #traceability #agtech #digitizing #innovation #sustainability #supply_chain_management #marketing #private_label
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