For a decade, jurisdictions have been looking for secure and efficient software for managing and sharing citizen data within a consent-based framework.
Shyft Network has partnered with 3 governmental bodies to build a user-facing interface through which citizens can complete KYC process with legacy institutions, track as custody as their data moves between these institutions, and consent to borderless data-sharing with new custodians, bringing transparency, security, interoperability and efficiencies to highly-regulated, legacy services. This solution will be fully transparent and auditable by regulators (subject to relevant privacy laws).
Participating institutions added to the network by these government partners include:
- Financial institutions
- Healthcare providers
- Government service providers.