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Attestation can be any statement following a common standard, which would be published in a FIP akin to token/chain code standard in FIP-15. This will allow for easy expansion of types of attestations without having to modify the FIO Chain. The data may be hashed or encrypted.

Pilot use case: public address ownership verification

Financial Action Task Force (FATF) has established global standards which require many entities to verify user’s crypto public addresses before a transaction can be allowed. However there is no common or open standard to enable such verification and entities do not share the verification data, requiring user to continuously reverify re-verify the ownership of for the same public address.

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