Integrating conventional access credentials with enhanced technology to create an initial verifiable credential for identity, the LAVCE supports identity verification through the validation of a liveness biometrics face scan, username and password and then, using a verified email, creates your first verifiable credential. This service starts the one user / one account process, providing real users with a single account, potentially reducing online fraud.
Upgrading your digital identity to the next level, the LAVCE uses industry and jurisdictionally recognized best practices for identity verification know as “KYC” (Know Your Customer), and “AML” (Anti Money Laundering) checks with credit bureaus and other recognized organizations to verify a user’s identity. In addition to a biometric validation, KYC includes validation of a government-issued proof of identity like a driver’s license, passport, and / or government identity card. This provides a secondary step to ensure that a user is who they say they are and allows enhanced access to certain services, programs, and verifications.
Completing identity validation and creating a “bank grade” level of verification, the LAVCE process includes Proof of Residence or Address (POR or POA). This process ensures that a user has been fully verified using conventional verification and validation processes. Individuals can enhance their digital identity with further attributions like financial accreditation, educational and professional accreditations, designations, and other items that further support their digital identity.