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FinID is created by the profile’s primary node (and for primary node’s by Governance nodes, see FinP2P Network Protocol ). Commercially, this is designed to enable a users to hold assets across the network (on different blockchains).
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User Certificates: Provide independent verification to a User that it has certain qualities. Ex: KYC is a Certificate, a document describing a user is an “Accredited Investor” is a Certificate.
A User can have multiple Certificates
An asset or the asset’s node can define which certificates are required to invest in the asset, and also which service providers they trust for those certificates.
Asset Certificates: Enable the KYA (Know Your Asset) certificates for Assets
KYA is a set of documents that describe the asset and the exact ownership rights of the asset token holders (such as what happens in an event of an exit, or eligibility to receive dividends, etc). KYA documents are legally binding, and adding them as Certificates to the Asset (an dkeeping keeping their Hash on chain) makes them immutable on the FinP2P network - so securities holders have legal clarity of exactly what the securities entitle them to.
Only the primary node of each asset (or Service Providers approved on its behalf) are allowed to add KYA documents to an asset.
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