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Shyft is a general purpose proof of sender protocol for instant trust generation and portability, for any definition of a sender. It is built as a secure credentials verification network that unlocks new economies based on trust. “Shyft is addressing one of the most challenging issues in our financial system - connecting identity and reputation to legacy financial products and emerging blockchain based financial services.” - Meltem Demirors, Shyft Advisor." For organizations, Shyft reduces the costs of compliance due-diligence mandates [e.g. Know Your Customer (KYC); Business (KYB); Anti-Money Laundering (AML), etc.] while maximizing data security and protecting identity beyond the capabilities of traditional, non-blockchain-based compliance systems. Shyft also features a Creditability system, providing consumers with a reputational score based on compliance and historical transactional activity, which is especially useful for the unbanked.
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