Founded in 2019, Dhiway is building a blockchain-based ‘verifiable data exchange’.
This is to help companies and individuals avoid the hassle of establishing their personal identities, credentials or data many times over.
“What we are seeing today is, one needs to keep verifying antecedents every time on various platforms (be it Aadhaar IDs, PAN cards or other IDs). It is a verification process that keeps going on from the age of 15 to maybe around 60,” said CEO Pradeep KP.
Its verifiable data exchange platform intends to simplify this process.
According to Pradeep, the company has built an engine that takes any credential (personal ID, data of any kind) and puts cryptography around that credential, makes it an envelope and sends it to a blockchain in such a way that it can be stored without being breached.
The issuer of the data and the holder of the data are also given copies, which they can verify.Verification can help cos, individuals avoid the hassle of establishing personal identities, credentials or data many times over.