GeroWallet is pleased to announce our latest partnership with none other than PhotoChromic! As Decentralized Finance (DeFi) continues to mature, we are witnessing more stringent and thorough regulations being put in place to safeguard the funds of users as well as to prevent illegal operations such as money laundering. Additionally, the increased occurrence of security breaches of centralized databases in recent years has led many to recognize that our personal information is no longer safe online.
In order to provide an end-to-end DeFi solution to our users, GeroWallet supports our need to simplify the identity verification process while balancing the importance of providing secure storage for one’s personal data. With PhotoChromic’s Self-Sovereign Identity and biometric identity verification system, our users will be able hash ownership of digital/physical assets, personal identification details and other important credentials into an NFT. When identification is required, users simply connect their wallet to the relevant platform and allow access to only the necessary details.
PhotoChromic uses an algorithm that combines the biometric hashing of user’s attributes, proof of liveliness and identity to create a piece of generative art that is minted into an NFT. For users that wish to be identifiable, they can choose to print a photo of their faces on the NFT.
In this modern day and age, it is not the intention of Gerowallet to abandon security in the interest of accessibility, but instead creating a balance of the two — greater security while ensuring that your accessibility is not sacrificed.
Our partnership with PhotoChromic will enable us to integrate more sophisticated services into the GeroWallet platform in the future. GeroWallet was never meant to be your run-of-the-mill cryptocurrency wallet, and we are on track to achieving our goal of becoming a complete DeFi solution!
Our users are our motivation. We are committed to building a dynamic environment for the advancement of blockchain by designing innovative, user-friendly tools for the DeFi community. Our promise is to continuously strive to provide accessibility to all through an intuitive user experience.
PhotoChromic the first intuitive, biometrically managed Self-Sovereign Identity system built on the blockchain. The protocol aggregates biometric liveness, government backed identity and unique personal attributes into an on-chain NFTs that can be used for Web3 applications and on-chain verification. The protocol’s intuitive self-sovereign identity system ensures a high level of security and allows for self-management of users’ online identities. It also enables verification of true biometric identity linked to one’s physical and digital assets.
PhotoChromic will have multi-chain functionality and will initially run on Ethereum before expanding to Cardano and MATIC.