Blockchain Startup Develops Identity App with Major Airline IT Firm
Blockchain startup ShoCard has developed a proof-of-concept focused on digital identity in partnership with a major IT firm that works with the airline industry. SITA, founded in the late 1940s, provides IT and communication services to the global airline industry, and is owned by a broad network of major air travel service providers, account for roughly 90% of all airlines. The identity app, dubbed the SITA Digital Traveler Identity App, was formally unveiled today during the Air Transport IT Summit industry conference, held in Barcelona, Spain. Using a blend of blockchain-based data and....
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Blockchain identity startup Cambridge Blockchain has raised more than $1.7m in new funding, public records show. According to a Form D published today by the US Securities and Exchange Commission, Cambridge Blockchain has raised $1,785,000 out of a total $2m, indicating that the startup's funding efforts are ongoing. Previous SEC filings show that the startup began raising funds in March 2016. The documents show that Cambridge Blockchain had raised $635k out of a planned fundraise of $1.5m as of that month, and in a filing from last October, the startup said it had raised $1.09m out of a....
Neil Murray is an entrepreneur and writer involved in the Nordic and European startup scene. He runs The Nordic Web, a content and data provider, alongside VIP VoIP, an event series which connects local startup ecosystems with global tech players. Here, he discusses the perks of bitcoin as both a marketing tool and a cheaper transaction method. This week, Latvia's national airline, airBaltic, confirmed that it is now accepting bitcoin, and that in doing so, it became the first airline that accepts bitcoin directly, rather than through a third party. Indeed, it's true - we have become the....
Blockchain-based startup ShoCard has raised $1.5 million to fund the development of its digital identity card, the Tech Crunch reported. Debuted in May this year, the startup plans to verify and store identity records into the blockchain, a technology that currently runs the disruptive digital currency Bitcoin. In its ideal scenario, ShoCard has hoped to eliminate the need to carry paper documents for identity verifications, a reason why venture capitalists like Morado Ventures Partners, AME Cloud Ventures, Enspire Capital and Digital Currency Group have come forward to fund it. "A lot of....
Identity is one use case of the blockchain that has many people excited. For the first time, an individual has the potential to create a true, immutable identity distributed across an entire network. As Consensus 2016 wrapped up earlier this week, a group of thought-leaders who have been working in the identity space for decades presented their beliefs on what to consider when building an identity system using blockchain. Christopher Allen, the principal architect at bitcoin sidechain firm Blockstream, echoed the sentiment of other panelists about the duality of identity on the blockchain.....
Updated with comment from BitPay. Latvian airline airBaltic has decided to eliminate its controversial transaction charge on bitcoin purchases. Earlier this week, the firm became the first European airline to accept bitcoin for flight bookings. The news was covered by digital currency news outlets and even some mainstream media, putting Latvia firmly on the cryptocurrency map. However, enthusiasm soon waned after it emerged that the airline was still charging its standard €5.99 fee on bitcoin transactions - the same as customers paying with a credit card. Prompt u-turn. The airline....