The IAME Transaction Identification Framework is the first generation of decentralised identification system purpose built for cryptocurrency transactions.
The framework allows cryptocurrency users to verify the identity of each other without having to disclose non-essential confidential information. This is achieved by fragmenting information into unintelligible data pieces that are distributed to a multitude of independent third-party verifiers who verify the content of each fragment. The summation of fragmented verification constitutes a complete identity verification where only the original owner of the information would have access to this data in a holistic and meaningful manner.
By analysing transactions, it goes beyond just to know who the users are transacting with, but also to make sure that they are not involuntarily involed in any illicit activity.