Can Blockchain Bring Trust Factor to Digital Identity Concept?
Regardless of how people want to look at it, creating a digital identity hinges on the trust factor. Digital identity if quickly becoming the new buzzword, as the topic was touched upon during the recent ID2020 conference. However, there are a lot of concerns regarding this initiative, as the big question will be whether we should trust a digital identity or not. Can the blockchain put some of these concerns to rest? Creating a Digital Identity is Difficult. In this day and age of digitization, a lot of people seem to be in favor of creating digital counterparts of anything, ranging from....
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Bitcoin is a great way to move money around the world, and it is also a movement that wants to decentralize all services. However, the digital currency has not been embraced fully just yet, due to identity and reputation management, which could not be decentralized up until now. Trust remains an important factor, and people don’t trust decentralized platforms just yet. One of Bitcoin’s positive aspects is that there will be no disputes when things need to be resolved. But, how can you be sure you are not getting scammed with Bitcoin? A proper solution needs to be found, and the Bitrated....
The concept of digital identity is gaining rapid traction across the globe. Four of the world’s five most populous countries – China, India, Indonesia, and Brazil – are in various stages of implementing government digital identity schemes, as are many other governments around the globe. However, currently, there are different approaches in terms of the technology used to manage a digital identity system, with some worrying implications for citizens’ privacy. The main concern is the […]
The developers of Authy have come up with a new and user-friendly service, OneTouch, that will be identity authentication made easy. All that is required of the user is to swipe once and authentication is complete — no code or password required. The application works by first sending you a push notification that then gives you the option to swipe to....
A new blockchain-based identity platform called Civic wants to be a second-factor authentication for people who want to be insured for digital ID theft protection. The app, which just launched, notifies its users when their social security is used by a Civic affiliate allowing people to make sure the use of this information is legitimate. Vinny Lingham’s....
How do you identify yourself? Is it your name? Your email address? Phone number? Drivers license? Facebook account? Last summer, IDEO coLAB brought together 25 students from top Boston-area universities — including Harvard, MIT, Tufts, and RISD — to design venture prototypes exploring the future of trust, transactions, and reputation. Before the program, I hadn’t given much thought to the concept of “identity” or identity systems. But abstract concepts start to take shape and become more tangible when you run into them repeatedly. Over and over throughout the summer, we saw teams wrestle....