Tykn is a for-profit revolutionary company that leverages blockchain technology to build electronic legal identity, authentication and trust service tools for governments, financial institutions and NGOs.
The company was instituted in November 2016 by three co-founders (Toufic "Tey" El Rjula, Khalid Maliki, and Abdullah Almoaiqel), and was created to bring a lasting solution to cases of human 'invisibility' and identity crisis by providing a dependable and resilient identity system that is accessible and interoperable across platforms both online and offline.
Tykn understands that some of the world's problems that concern human identity and falsified documents are hinged on the system of documentation and verification itself. Within the last decade, the world has gone digital. And if there is an industry that hasn't really followed the trend, it is how we handle and process some offline data.
Currently, there are over 230 million people around the world without a local means of identification. With the massive growth spurt in global population, the healthcare services in some nations aren't easily accessible by people without the means to afford them. Hence, some families give birth to offsprings in cheaper, local and unaccredited midwife facilities with high success rates. Most often, such families neglect the need for birth certification of the new-born child.
Also, Tykn cover cases where individuals lose important identity credentials and certificates without any means of proving they really owned them. In Tykn's CEO, Tey's story, his surgeon friend in a refugee camp in the Netherlands was underemployed because he had lost his training certificate to the war. Despite the fact that the man was remarkably good at what he does, he was impeded from practising Surgery because he had no certificate to prove his skills in the first place. There are many people who suffer such underemployment or worse.
Quickly, let us consider some of the benefactors of Tykn's innovation on digital identity.
Today's Tip: Here are some of the for a vacation in this part of the world, do check them out.
1. Individuals
Clearly, the first bulk of the benefactors would be individuals like you and me. By replicating the current paper-based identity model online and then implementing them on blockchain technology, not only is the human identity safe and secure from natural damages, but they are also accessible and hack-proof forever. With Tykn, people won't have to scan and send documents for interviews anymore and unlike the surgeon mentioned earlier, your certificates and qualifications are intact for life.
Also, the sovereignty and complete control of private data that Tykn affords mean we can control just how much data we want to share and what part of ourselves we want to keep hidden.
2. Governments.
The government in every nation is responsible for carrying out a periodical census to update their database on indigenous population size, density, death and birth rates in the nation. This process often takes weeks to conclude and ends up costing the nation a lot of time and monetary resources. By using Tykn's services, governments can easily carry out these activities successfully in real-time since everyone has a digital identity.
Also, with a means of identifying every citizen digitally, issues related to tax, immigration and security can be easily dealt with by the government, making for a more tranquil and peaceful nation.
3. NGOs and Corporations.
Companies and business firms can benefit from Tykn's services by implementing an identity for all staff, workers and clients. This will enable them to easily recognize and keep track of their organization's growth and structure, which is necessary.
For Non-governmental organizations like schools, speciality training institutes and humanitarian organizations that mostly issue certificates to individuals on completion of a programme or task, Tykn offers a unique replacement for these ancient paper-based accreditation systems by providing a digital one. These digital certificates will be available online for the user and can be easily verified by other institutions or agencies in real-time.
4 Healthcare services.
Healthcare services in a nation are responsible for issuing birth certificates, recording deaths and keeping the medical records of every individual in the nation. As far as interoperability goes, the paper-based system has failed in this regard. In cases of emergency such as an accident, a person is taken to the nearest hospital. However, after stabilizing the patient, hospitals cannot proceed on treatment until the patient's identity and medical records are pulled up. This would include waiting until a relative close to the patient can identify him/her, and then performing several tests to know some vital information about the person such as the Genotype, blood group, current medical conditions and allergies. These additional processes demand cost and eat from the time they would have used in saving a life.
With Tykn's digital identity model, medical records can be easily updated, shared and accessed amongst healthcare agencies and would save time and cost by eradicating the need for additional tests. Also, keeping up with issuing birth certificates to new-born babies won't be a problem anymore for health agencies.
Conclusion.
Contrary to the common practices today where blockchain tech. and cryptocurrencies are poorly used for self-beneficial purposes rather than being utilized to make living easier and more conducive for humanity, Tykn believes that blockchain technology has the capacity to be utilized as a service, as shown in their famous (BaaS) acronym which spells Blockchain as a Service.
Thus, Tykn implements blockchain technology to offer a remarkable service that could truly change the face of the world. In a couple of years to come, Tykn would have remodelled (if not eradicating completely) the conventional paper-based identity systems in the globe, and changed the way people perceive the blockchain. Thus making processes that involve identification easy-flowing, interoperable and transparent for everyone. What a time to be alive!
Learn more about Tykn
I'd love to talk more about this project in the comments section below. Please send in questions and contributions. Also, you can learn more about this project by simply clicking on the links below to check out the company's website and whitepaper material.
To stay updated with the latest news, events and press releases from the company, please visit the official links to Tykn's social media handles below as well. Thank you.