THEKEY (TKY) Showcases Blockchain ID Verification Solution to Chinese Provincial Leaders

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THEKEY (TKY) – a decentralized blockchain-based identity verification (IDV) technology – has published an announcement on Tuesday detailing how their team had the opportunity to showcase its next-generation solution to “over 160 leaders from 18 regional cities” on Monday.

THEKEY was able to access such reach as a result of having been invited by the organizers of to the annual Provincial Work Conference for Human Resources and Social Security. Held in the Henan province, the conference is said to be dedicated to “evaluating and promoting human resource, social security and related information technologies being deployed across the social security system.”

THEKEY acknowledged that this invitation stemmed from the “excellent reputation and superb functionality” that its multi-purpose smartphone app has managed to build up in the three years since the first generation of its IDV solution went live via the launch of their “Kaifeng Human Resources and Social Security 123 Application” in Kaifeng City.

Today, the mobile app is used by over 4.5 million insured patients in Kaifeng City – according to THEKEY’s announcement issued on Tuesday. Powered by THEKEY’s Dynamic Multi-dimension Identification (DMI) solution, the proprietary app delivers social security, medical insurance, healthcare treatment and pension payment functionality for its users.

THEKEY Eyes Henan Healthcare

The Henan province is home to “over 95 million” citizens – the third most of all regions in mainland China. Because of its enormous populous, though, THEKEY highlighted Henan’s “obvious and urgent need for a highly efficient social security service with optimal user experience.”

And so, THEKEY’s announcement identified the province of Henan as representing “a significant user base for the real-world application of THEKEY BDMI platform post the initial launch of THEKEY’s mainnet.”

Aside from the apparent fit between Henan and THEKEY BDMI – which is short for Blockchain-based Dynamic Multi-dimension Identification (i.e., the first application launched on THEKEY’s testnet in May) – the Tuesday announcement suggested this budding relationship “also sets the stage for the further “real world” deployment of THEKEY’s “Healthcare Big Data Exchange Platform” and subsequent related applications.”

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