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Why does ChainIT ID cost money?

At ChainIT, we believe in providing you with a secure and reliable identity verification service. Our goal is to ensure your identity is protected and that the services you use have the highest level of security.

 Here’s a breakdown of why there’s a cost associated with ChainIT ID and what it covers:

1. Identity Verification Costs

When you use ChainIT ID, we conduct comprehensive identity verification to ensure your information is accurate and secure. This process includes accessing DMV records to cross-check your details with official government sources. By handling this verification up front, ChainIT ID allows you to share only the essential information needed for access, rather than your full ID. This minimizes the risk of your personal information being exposed or stolen, and keeps your information private and secure.

2. Biometric Template Creation

Your security is our priority. To protect your identity and provide secure access, we create a biometric template through facial recognition. This serves as the key to unlocking your identity when you use ChainIT ID to verify your age or gain access to an event.

3. Non-Custodial Wallet Setup

We provide you with a non-custodial wallet to store your digital identity securely. This process includes setting up and maintaining your wallet to ensure that your identity information is stored securely and only accessible by you.

4. Minting the Individual Digital Identity (IVDT-ID)

We create a unique digital identity for you, which involves generating and maintaining a Validated Data Token (VDT) that represents your identity. To ensure this token is tamper-proof, it's hashed and minted on a blockchain, which incurs a cost.


Summary

The costs associated with ChainIT ID cover all these essential processes, ensuring that your identity is verified, protected, and managed securely. We invest in advanced technology and processes to offer you a high level of security and reliability, so you can confidently use our services knowing that your personal information is safe.

If you have any further questions about our pricing or services, feel free to reach out to our support team. We're here to help!