The Cooperative goals to develop a community that ensures that digital wallets developed by completely different service suppliers are interoperable, and work seamlessly for each organizations and people.
The funding will likely be used to develop a typical and safe self-sovereign id community, which can be utilized to make sure the correctness of knowledge in digital interactions.
Markus Hautala, chairman of the Board of the Findynet Cooperative, says: The belief community, which can now be constructed, promotes digital and human-centered knowledge economies. Which means end-users handle their very own knowledge and may determine for themselves what info they share about themselves with completely different events to protect their privateness. For instance, this trade of knowledge might contain digital receipts, credit score info, and proof {of professional} {qualifications}.”
The founding members of the Findynet Cooperative embody 9 private and non-private sector organizations: Finance Finland, Finnish Submit, Nixu, Nordea Financial institution, OP Monetary Group, Social Insurance coverage Establishment of Finland (Kela), Know-how Finland, Tietoevry and Vastuu Group.
,The Finnish Ministry of Finance has granted the Findynet Cooperative, which incorporates Nordea Financial institution and OP Monetary Group amongst its members, a €3 million authorities grant to construct a pilot setting for a self-sovereign id community.,
