THEKEY: Cornerstone to the Jiaxing Smart City Solution

THEKEY has been working with the Jiaxing Social Security Affairs department since 2015 to transform the city into a Smart City. “Jiaxing Smart City Solution” App with the DMI technology developed by THEKEY has already been integrated by hospitals in the region and has been expanding in capability since the initial pilot and now forms a critical cornerstone of the Jiaxing smart city solution.

“Jiaxing Smart City Solution” App is now available to about 5 million permanent residents of Jiaxing city and provides data for those residents from 64 different government organisations. The pilot has grown to allow residents to interact with much more than just their medical data. Local government, public security, social security, the court system, civil affairs and transportation matters can now be handled through the app. This service now has access to more than 60 million data records and offers more than 1,000 services from over 380 service providers.

These data records, services and service providers are reliant on the assurance that THEKEY provides reliable and accurate Dynamic Multi-dimension Identification (DMI) technology which embraces the following 6 components, biometric data(serving as the base); government data(serving as the reference); cross examination(always carried out between government ID data, behaviour data and location data); newly updated mortality, wanted list and prisoner database check; PII (Personal Identification Information) and data audit. This constitutes a solid foundation of Blockchain based Dynamic Multi-dimension Identification (BDMI). After blockchain technology is applied to current DMI solution, BDMI always uses updated data when an IDV is executed, to capture the latest changes, if any, and also, once an IDV is completed, the result will be properly documented for audit so that personal credit of the user can be evaluated and calculated. BDMI will ultimately generate undeniable and unalterable IDV results

THEKEY continues to extend the list of service providers. Recently adding personal credit services, medical insurance (with instalment payment systems, a unique feature in China) and commercial insurance.

The DMI feature offered by THEKEY is the cornerstone which is enabling Jiaxing to become a smart city. As China looks to the next generation of internet enabled services, THEKEY is providing residents with the most convenient, safe and comprehensive online service in and jurisdiction in China. “Jiaxing Smart City Solution” App based on DMI technology is now focused on three core services:

– Social security

– Public service; and

– Life service

Social Security Service:

TEHKEY enables insurers to verify each resident’s information quickly, accurately and with fine grained details. This has already been shown to reduce time and costs required to validate users’ application and claims for insurance. The DMI technology has allowed service providers to provide customised insurance packages to each individual (covering payment details, medical treatment coverage and cost statistics).

With access to enriched data, the platform is able to also providing big data analytics to these service providers. This includes actuarial/probability health statistics and regional health analysis to determine the optimal costs for different levels of insurance. It also allows for family to share medical insurance balances between immediate members.

Social Security Service

Public Service:

After the success of the Social Security Services pilot, access to government data has been expanded to include other government departments. After dozens of iterations to the app, it now covers information including, the citizen card, court matters, civil administration, transportation services, personal credit loans, credit rating, home utility bills and payments and even integrates with the public bicycle network.

These services have enabled residents to take control of their information for the first time. It has created efficiencies in the way the public interact with Government departments, and passed on significant cost savings to the local government.

Public Service

Life Service:

Life service is another new core service being supported by DMI technology. It allows residents of Jiaxing access to additional shopping, finances and education services through the one app. Enabling THEKEY to be the one stop shop for all residents of Jiaxing.

Since the launch of the “Jiaxing Smart City Solution” App, it has been widely concerned and highly praised by the public. Up to now, about 100,000 insured have registered on it and verified by the DMI. This application has been reported by many main domestic stream media and been exhibited many times in the World Internet Conferences. The success of this application certainly will play a demonstrative role in China as well as promote the rapid development of the DMI technology.

The 4th World Internet Conference

The 4th World Internet Conference Exhibition Hall

TKY (THEKEY token) is currently listed on Kucoin, Lbank and Allcoin. For more information, please visit THEKEY official website: www.thekey.vip or join the telegram for discussion: https://t.me/THEKEYOFFICIAL

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