Shegby provides a decentralized identity verification service using its HumanRank algorithm, which leverages personal connections for secure KYC validation on the Scroll blockchain. This platform addresses the need for reliable identity verification while maintaining user anonymity and data security in a peer-to-peer marketplace.
Funding
$42.6K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional KYC (Know Your Customer) processes often rely on centralized databases and require users to submit sensitive personal information, creating privacy risks and potential for data breaches. Existing systems can be cumbersome, expensive, and may not be suitable for decentralized Web3 applications that prioritize user anonymity and data sovereignty. Verifying identities in a secure, private, and decentralized manner remains a significant challenge.
Solution
Shegby offers a decentralized identity verification service that leverages a peer-to-peer network and zero-knowledge proofs to validate users without requiring them to disclose personal data. The platform's HumanRank algorithm uses social connections and cross-confirmation to establish trust and prevent Sybil attacks. Users are verified by trusted individuals within their network, and their data remains private unless they explicitly approve a request for access. Shegby enables access to services, marketplaces, and secure messaging within its ecosystem, all while maintaining user control and privacy.
Target Audience
Shegby targets individuals seeking decentralized and privacy-preserving identity verification, as well as Web3 developers and organizations looking to integrate secure KYC solutions into their applications and services.
Features
- Peer-to-peer identity validation using the HumanRank algorithm, which leverages the "Six Degrees of Separation" theory.
- zk-SNARKs (zero-knowledge Succinct Non-interactive ARguments of Knowledge) to ensure privacy and data protection during verification.
- A trust graph that maps relationships between users to establish credibility and prevent malicious actors.
- Tokenized economy powered by the $Shegby token for access, staking, and governance.
- Identity NFTs that serve as proof of trust and verification status.
- A network of KYC providers who verify users within their local communities or globally.
- Integration with Scroll zk-rollups for enhanced scalability and security.