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Flexid Gets Algorand Funding To Offer Self-Sovereign Ids To Africa’s Unbanked

Flexid Gets Algorand Funding To Offer Self-Sovereign Ids To Africa’s Unbanked

05/27/22, 3:57 AM
Much of the world’s attention around blockchain is on the highs and lows of cryptocurrency values. Startups like FlexID remind us that distributed ledger technology has the potential to play other roles, including offering trusted records of identities without the need for a centralized authority.

Company Info

Company
Algorand
Additional Info
With funding from Algorand, FlexID aims to make its decentralized identity network available in emerging markets where over one billion people are estimated to lack formal identification, the startup said in an announcement.