📄Uses of ME ID
Following the basic principles of personal sovereignty and privacy protection, ME ID provides a shared, universal on-chain identity protocol for the Meta Earth ecosystem. It is decentralized, secure, and data-sovereign, representing a global digital identity that no longer relies on central institutions for management. Obtaining ME ID means becoming a digital citizen of the Meta Earth ecosystem.
The ME ID Protocol, as one of the foundational infrastructures of the ME Network ecosystem, can provide a basis for the development of various ecosystem applications. Main use cases include, but are not limited to:
Compliant Finance: KYC procedures reduce fraud, and banks and other financial institutions can issue corresponding verifiable identity credentials, bringing trusted identity verification and real users.
Government Identity Systems: A region's government can issue digital credentials, such as driving licenses, passports, or qualification certificates, directly to users, eliminating the cost of intermediaries.
Privacy-First Healthcare Systems: Creating verifiable identities for all parties in the healthcare system, including trusted data exchange and data authorization, protecting medical records and other privacies.
Decentralized Social: ME ID brings real identity authentication in peer-to-peer communication applications, online payments, and other applications.
RWA: Users bring real-world assets to the blockchain, opening a new financial paradigm of merging on-chain and off-chain assets.
Decentralized Credit Systems: Combining on-chain and off-chain behaviors to create a comprehensive credit system.
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