FlexFinTx helps the 400 million Africans that lack proper forms of identification build self-sovereign digital identities so that they can prove who they are at any time, even without the internet. This population often lacks access to credit and formal employment opportunities solely because they are unable to prove who they are. The innovative platform allows financial institutions, insurance companies, healthcare providers and all other government departments to quickly access the personal data they need to provide services.

FlexID hashes are recorded on the Algorand chain, providing financial institutions and governments with the real-time visibility they need to verify that the identity is authentic. By using Algorand’s blockchain platform, FlexIDs are made to be tamper-proof and self-sovereign, meaning no organizations can access a user’s information without gaining permission from the individual, and the user has full control over their data.