Proposal
Regulatory sandbox
Bitdax intends to apply for admission to a regulatory sandbox to test publicly verifiable digital credentials under supervision. Admission has not been granted.
Outline
What we would test
The innovation
Publicly verifiable credentials combining accredited PKI with a tamper-evident proof registry.
Consumer benefit
Anyone can confirm a document is genuine in seconds, at no cost.
Why a sandbox
Verification behaviour, device performance and public comprehension need field observation.
Consumer protection
No fee, minimum data displayed, and a clear route to report a concern.
Risk controls
Capped volumes, no financial value attached, hashes only, data held in Kenya.
Exit strategy
Defined paths for success, partial success and failure, with participants protected.