Despite being undervalued in the crypto-sphere, SelfKey (KEY) intrinsic value cannot be underestimated. The coin entry into the market has been attracting subtle competition and the coin is not a lone player in the identity management niche. However, crypto goers are now beginning to understand the importance of have unlimited and secure ID control.
The internet keeps shrinking and identity and data theft instances are on the rise and data storage safety demand is on the rise and that is where SelfKey comes into play. To ensure data is secured, the outfit used the Self-Sovereign ID (SSId) that helps users protect their sensitive and most sought after online stored data.
SelfKey Partners with HitKorea
In a bid to gain more credibility and endear to investors and adopters, SelfKey has partnered with a HitKorea a security player in the market that will see the two enhance user login. The is a ground breaking move that will see KEY uptake rise to a new high and spur the coin demand and value.
“The #blockchain powered identity management leader SelfKey has established a comprehensive partnership with @HitKorea 👌 HitKorea will be integrating Login with SelfKey, listing the token and working with sister company @kyc_chain Read it all here 👉 https://buff.ly/2CFjwgc.”
– 25 October, 2018
SelfKey (KEY) Getting Bigger and Better
SelfKey has been on a campaign to sensitive online goers and those inclined towards cryptocurrencies on the importance of taking care of their online data. Hackers and identity thieves are getting tech-savvy and no one is safe anymore using the internet.
In their latest campaign on twitter, the SelfKey team has given a brief preview of how identity theft is strengthening its roots globally and things are not as rosy as they were several years back:
“Identity theft is becoming an ever increasing problem. Protect yourself! Download the free SelfKey Identity Wallet today 👉https://buff.ly/2CMWhRm”
SelfKey ID Management Efforts Gets Backing from Apple
Many users have seen the role the SelfKey technology is playing in securing individual and corporate sensitive data which has seen the Apple CEO, Tim Cook come to support the initiative.
“Apple’s CEO Tim Cook has joined the chorus of voices warning that data itself is being weaponized against people and societies — arguing that the trade in digital data has exploded into a data industrial complex. Control and manage your data with SelfKey https://buff.ly/2CBfvJD.”
– 25 Oct 2018
This comes barely a few days after Yahoo agreed to compensate for one of the largest security breaches on the times. The break on user confidentiality by the giant has given SelfKey a boost as a decentralized and secure blockchain identity management platform that can protect users from such data breaches. This is a good avenue for SelfKey to amplify its real life use case to the world.
”Yahoo has agreed to pay damages over the biggest security breach in history. It is estimated that in first half of 2018 alone, about 4.5 billion records were exposed. To stay safe, we need a decentralized, encrypted and local way of storing our data. https://buff.ly/2RbO6lv”
– 24 October, 2018
SelfKey (KEY) Price on Fire
With the good news coming from the platform and the support from HitKorea and Apple CEO, the KEY price has been on fire in the last 24 hour trading session. KEY was among top gainers at the time of reporting after the coin traded at $0.008566 with 30.10%, 30.42% and 29.87% gains to the dollar, Bitcoin and Ether respectively.
The coin appears to be awakening from the recent slumber and 2019 looks bright for the outfit and the holder will have a field day is the growth momentum remains positive. However, the unpredictable market might slow down the growth but KEY is a coin to watch going forward.