hPassport Full: Understanding the ID Verification Process
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This page offers a detailed understanding of identity verification and the utilization of a full hPassport.
User Registration: The process starts with users registering on Haven1 and providing the necessary personal details.
Document Submission: Users submit identity verification documents, such as government-issued IDs or passports along with biometric data
Third-Party Verification: Verification is conducted by top-quality, reputable third-party partners, ensuring accuracy and reliability.
Verification Outcome: Following verification, users are either approved or denied. Approved users proceed to receive hPassport
Issuance of Proof of Identity NFT: Verified users receive a non-transferable Proof of Identity NFT into their Web3 wallet, uniquely linked to their identity. This NFT is referred to has hPassport
Unique Identity Token: Verified users are issued ahPassport NFT in their digital wallet, signifying their verified status on the blcokchain.
Transaction Authentication: Validators use anonymized data from these NFTs for transaction cross-checks, ensuring users comply with requisite KYC/AML restrictions.
Verified User Transactions: Only users with a Proof of Identity NFT can execute transactions, enhancing security and regulatory adherence.
Regulatory Compliance and Asset Withdrawal: If users encounter regulatory issues, they can withdraw assets, albeit with restricted transaction capabilities.
No On-Chain Storage of KYC Data: To ensure privacy, KYC and verification data are never stored on the blockchain.
Regular Updates: The verification process is regularly updated to comply with the needs of hApp builders on Haven1.
Data Encryption and Privacy Policies: Personal data is encrypted, and Haven1 enforces strict privacy policies for data handling and storage on its partners.
You can read through ID Verification policies here
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