Establishing a Decentralized ID Platform with Symbol Technology: Launch of Proof of Your Life inc.

In a groundbreaking move, Proof of Your Life inc. unveils its mission to revolutionize personal identity management through the power of blockchain.

With its roots deeply embedded in Symbol technology, this innovative platform is set to redefine security, privacy, and user autonomy in digital identification, making it an essential development for the tech-savvy and privacy-conscious alike.

Established Proof of Your Life Co.

It has been announced that Proof of Your Life inc., aiming to develop a decentralized ID (DID) platform utilizing the technology of Symbol (XYM), has been established.

Proof of Your Life inc. is a new company related to decentralized ID, with Mr. Yasunori Matsuoka (CEO), Mr. Tomohiro Iida (COO), and Mr. Kenta Hoshikawa (CTO), known for their work in Symbol-related development, serving as its directors. The company's establishment procedures were completed on April 3, 2024.

"Proof of Your Life" initially entered the "NEMTUS Hackathon 2024" as a DID platform service. The establishment of "Proof of Your Life" Inc. has been reported as a move to continue and advance this initiative.

Building a Decentralized ID (DID) Service Based on Symbol

A decentralized ID (DID) refers to an ID issued using technologies such as blockchain, enabling individuals to manage their own IDs without the need for a centralized authority.

Blockchain technology is characterized by the extreme difficulty of altering information once recorded, which makes its application to IDs promising for the safer self-management of various life records, including qualifications.

Proof of Your Life is a company working on the development of a "decentralized ID utilizing Symbol's blockchain technology." Currently, on its official website, it is possible to create an account using a Google account.

Although the service is still in the development stage, creating an account automatically generates a "Symbol blockchain account" and creates a simple profile page.

The specific use cases mentioned include contracts and agreements related to schooling, employment, moving, and job changes.

The service aims to be a DID platform that allows users to share their profile information—such as SNS accounts, nationality, residence, nickname, name, date of birth, educational background, employment history, qualifications, and event participation information—according to their privacy level.

With the increasing release of services utilizing Symbol technology in Japan, there is growing anticipation for further service development and the integration of various services.

>> Official website of Proof of Your Life
>> Service page of Proof of Your Life
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