The Netherlands-based blockchain startup Tykn, which helps ‘invisible’ refugees to gain a digital identity has recently received an investment of €1.2 million from Dutch IT entrepreneur Johan Mastenbroek. As informed by Tykn, the investment will be mostly directed to scaling up the team and product development.
Tykn – helps the invisible with tech
By using smart technology and blockchain the startup is developing a digital identity management platform, which allows public and private institutions to issue and verify digital identity credentials. It is an innovative way to share and request personal data proofs, which protects identities against getting lost. A solution for the 1.2 billion people worldwide who have never had an identifying document or whose proof of existence got lost because of inefficient identity registration, wars or disasters.