myBID Whitepaper
  • Introduction
    • Terms & Definitions
  • The Digital Identity Crisis
    • History of Identity Verification
  • myBID: Web3-Powered Digital ID
    • Blockchain 101
    • Self-Sovereign Identity (SSI)
  • How Nations Gain From Digital IDs
    • Digital ID Adoption Across Nations
  • How myBID Empowers Nations
  • myBID in Action (Use Cases)
  • Partnership & Collaborations
  • Regulation & Compliance
  • Tokenomics
    • Mission
    • $MBID Token Allocation
    • How $MBID Works
    • Supply & Demand
    • Staking $MBID Tokens
  • Roadmap & Future Plans
  • Team & Advisors
  • myBID Technology & Security
  • myBID's Purpose-Driven Impact
  • The myBID Foundation
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How myBID Empowers Nations

PreviousDigital ID Adoption Across NationsNextmyBID in Action (Use Cases)

Last updated 1 year ago

🆔 The myBID Solution

A nation's progression is often tied to its digital infrastructure. Using three key components, myBID creates a future-proof strategy that is built off the European Union's (EU) gold standards in digital identity management standards. We collaborate with governments globally in a top-down approach that forges a path that benefits everyone.


a) 🏢Identity Hub

Centralisation has its merits, but when it comes to data, it often becomes a bottleneck. The Identity Hub is myBID's answer to this conundrum.

  • Unified Data Aggregation: By seamlessly connecting and organising data from diverse industries and sectors, stakeholders can access a comprehensive digital profile, enhancing efficiency, accuracy, and enabling data-driven decision making on a large scale.

  • Data Sovereignty: The hub serves as a data aggregator, but users are given the final say to approve or reject data requests. Users maintain complete control over their information, ensuring their trust and privacy aren't compromised.

  • Interoperability: The Identity Hub champions seamless data exchange across different systems and platforms, paving the way for a cohesive digital ecosystem to streamline a needlessly complex identity management matrix.

b) 📱Digital Identity Wallet Application (dApp)

Our Digital Identity Wallet Application stands as a testament to what the modern digital user deserves — simple yet sophisticated, safe, and highly intuitive. The power of digital identity, right at your fingertips.

  • Anywhere, Anytime Access: Whether on mobile or web, users have 24/7 real-time access to their digital identity, allowing them to engage with government data sources, public services, and private platforms near instantly.

  • User-Centric Design: The application places the user at its core, ensuring features are intuitive, user-friendly, and catered to individuals' needs.

  • High-Security Standards: Utilising high cybersecurity measures of blockchain technology, our application ensures that users' data remains safe and shielded from breaches and unwanted access.

c) 🌱 Web 3 Innovation Lab (W3IL)

To truly achieve a universal digital identity, we must cultivate a thriving, self-sustaining ecosystem. The W3IL serves as a method to build that infrastructure, empowering the citizens of our partner nations with Web3 skills and know-how.

  • Nurturing Innovators: As a digital incubator and accelerator, W3IL identifies and nurtures emerging digital pioneers, providing them with a mentorship, resources and a platform to drive the adoption of Web3 solutions within their communities.

  • Collaborative Synergy: By uniting experts, enthusiasts, and newcomers under one umbrella, W3IL promotes a culture of shared learning and joint solution-building, ensuring diverse challenges are met with comprehensive strategies.

  • Future-Proofing Nations: Beyond immediate training, W3IL lays the groundwork for long-term Web3 adoption, ensuring partner nations remain at the forefront of digital innovations, ready to embrace the evolving landscape of the internet.

How myBID works