Passcard: Using Blockchain Technology to Store Identities
Onename, a blockchain technology startup, unveiled its new product called the Passcard. This makes use of a blockchain-tied profile to create a secure identity, which can possibly replace passwords, keys, or even ID information. The company makes use of blockchain technology, which is often associated to verifying bitcoin transactions and being stored in a public ledger, to create a digital identity with access control. Blockchain Technology Applications. "Passcards are a digital form of identity and access control designed to initially replace passwords, and in the future, replace forms....
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Imagine a digital form of identity and access control that can replace passwords, forms of physical identification like passports and driver’s licenses and how this can bring about a lot of changes. This has now been made possible as blockchain startup Onename has launched its new product Passcard. Passcard uses a blockchain-tied profile to create a secure and “trustless” identity and according to the company, is a digital form of identity with access control designed to initially replace passwords. Onename also promises that in the future it can also replace forms of physical....
Blockchain startup Onename launched its new product Passcard this week, which uses a blockchain-tied profile to create a secure and "trustless" identity. Onename plans on eventually using it as a sort of digital key to your identity, potentially replacing passwords, the keys to your house and even your passport. Onename takes advantage of Bitcoin's distributed ledger, the blockchain, which is used to record and verify bitcoin transactions. It is what enables the digital currency to properly function and can also be used to record any kind of information in a public ledger. "Passcards are a....
The use cases for blockchain technology are expanding every day into the minds of many. Just recently the Australian Financial Review reported the Australia Post will consider the concept of using distributed ledger technology to store digital identities. Australia Post chief executive Ahmed Fahour said that parcel operations could experience an....
The use of blockchain technology in registration and compliance of companies will help the regulatory authorities will help the regulatory authorities prevent fraud and misappropriation in/by the companies. The implementation of digital currency technology across the banking and financial sector is in full swing. Blockchain, the underlying technology of Bitcoin and other cryptocurrency protocol act as a distributed ledger recording all the transactions happening across the network. The same technology is now being implemented in other sectors to facilitate movement of financial assets and....
NFT Steez chats with Lukso co-founder Marjorie Hernandez about how Universal Profiles onboard and empower users with digital self-sovereignty Sovereign identity has been a hot topic in blockchain and cryptocurrency, especially with the rise of the creator economy. Currently, there are two types of digital identities. One is federated and centralized whereby data is in the control of the service provider. Self-sovereign digital identity is often cited as a human right that can reclaim agency using blockchain technology, but what frameworks exist that aid in governing it?On Aug. 2, NFT....