Refugees without protected statuses or identities could gain access to financial services with this innovative blockchain technology.
Springwise has seen various ways that modern technology can be used to improve user security. For example, this SaaS platform can protect online images for both individuals and businesses. Blockchain has also lead to huge steps forward in this sector, enabling greater transparency for consumers in the food industry. This latest innovation could also combine both worlds in using blockchain to take back control of personal data.
Gravity Earth seeks to provide equal access and opportunity to digital IDs, a growing necessity in the modern world. Digital identities allow access to key financial services, mobile communication, and other online benefits. At the moment, Gravity Earth estimates that around 1.5 billion people across the globe do not have an official proof of identity.
The Nairobi-based startup sought to change this by allowing anyone to create a secure, self-sovereign digital ID based on their personal data. The blockchain-based process can be done wherever you are and on any mobile device. Their solution allows currently disadvantaged people to store and share personal data with whoever they want. In so doing, it also allows users to build on existing traditional IDs, but does not depend on them.
The products is currently close to its first deployment at a refugee camp in Kakuma, Kenya. Gravity Earth will use it to track attendance at three refugee schools. In the future, the startup is also looking to work closely with more refugee-orientated NGOs.