BOTLabs GmbH, the developers of the KILT Protocol, have collaborated with Deloitte Consulting AG in announcing the integration of the KILT blockchain technology to issue reusable digital credentials aimed at supporting both KYC and KYB requirements. This versatile product offers a diverse spectrum of use cases such as regulatory compliance for banking and DeFi, age verification for e-commerce, private login solutions, and fundraising.
KILT is a decentralized identity blockchain, providing secure and practical identity solutions for both consumers and enterprise entities. It generates decentralized identifiers (DIDs) and verifiable credentials, developing a framework for trust in digital credentials by maintaining data privacy and ownership in the possession of its user.