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

May 27, 2022about 3 years ago

Description

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 Information

Company

Algorand

About

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.