Tykn is a blockchain company who wants to help public & private institutions in issuing & verifying digital identity credentials. It has secured €1.2 million from Johan Mastenbroek who is a Dutch IT entrepreneur. The main purpose of securing the funds is to develop a blockchain-based digital identity management platform. The public & private institutions can use the platform for the issue and the verification of the digital identity credentials.
The company uses smart technology and blockchain for the development of the platform. Personal data proofs can be shared and requested through this new approach. Identities lost can be protected.
A solution will be developed for those people who have never had documents related to their identities. The solution will also be developed for those people who lost their proof of existence on account of wars, disasters, and inefficient identity registrations.
The Chief Executive Officer (CEO) of Tykn Tey Al-Rjula, “With Johan Mastenbroek as investor we do not just gain a financial partner, but also an experienced one. He has essential knowledge about blockchain and digital identity cases, which helps us to further develop our platform.”
The blockchain company Tykn was established in the month of November in 2016. It is located in Hague, a city in the Netherlands. Both the company and Mastenbroek are said to be excited about this new collaboration.
The Dutch IT entrepreneur Mastenbroek said, “I strongly believe in the principles and ideas of Tykn. They work together with international organisations, with whom they can provide a solution to a global problem and create a future of opportunities instead of a future of problems,” the official site of Tykn reported.
Abdullah Almoaiqel, Khalid Maliki, Tey El-Rjula are the founders of the blockchain company Tykn. The company is also known as Tykn.tech and its Legal Name is Tykn B.V, according to CrunchBase.[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]