What is IDaaS?
Identity-as-a-service, or IDaaS, is an application delivery model (like software-as-a-service, or SaaS) that allows users to connect to and use identity management services from the cloud.
Based on this principle, we built the Digital Certificate of Existence (DCoE) for pensions verification in Nigeria. The DCoE use biometrics to create, verify and secure the digital identities of retirees and prevent fraud. And will store transaction on an immutable traceable independent ledger.
The DCoE system will certify that retiree beneficiaries are who they say they are, and still reside at their registered locations. This has always been a cumbersome and manual processes that has been prone to error if not fraud.
The digital Certificate of Existence, once established for a pensioner, saves the Pensions Fund Administrator (PFA) extensive processing time in collecting and verifying pensioner’s identity and more importantly it will provide a more reliable validation than the paper-based processes currently in place. The Digital Certificate of Existence (CE) simplify retiree experience with the Pensions Funds Administrator, PFA.
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