Sphere Identity is a digital identity system that is underpinned by blockchain technology. It serves as a secure platform for users to store and share sensitive personal information while providing businesses with accurate, verified information in a fully compliant way. The customer onboarding process is simplified and individuals remain fully in control of their identity.
XID is a ERC20 utility token which powers Sphere Identity's reward system. Individuals using the Sphere Identity app will receive rewards every time they use the app to sign up with registered businesses. They receive these rewards as it is their data. XID rewards can be used to pay for upgrades.