Blockchain Startup’s Digital Identity Solution Made Available to 50,000 Zimba...
Flexid Technologies, a blockchain startup promoting the use of digital identities, said its solution was recently used by thousands of Zimbabwean households and patients that participated in a local health survey study. Using Technology to Drive Down the Cost of Healthcare A blockchain startup, Flexid Technologies, revealed it recently made its digital identity solution available to 15,000 households and 50,000 patients that took part in a Zimbabwean baseline survey. The survey was conducted between 2021 and early 2022 by a local healthcare provider, Ubuntu Clinic. In....
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R3’s blockchain software Corda, the product of the New York-based startup’s Concord project that aims to develop banking solutions overseen by 70 of the world’s biggest banks participating in the R3-led consortium, will go open source, via the Linux Foundation-led Hyperledger Project. R3 is spearheading what is arguably the biggest private blockchain effort, with several of world’s biggest banks, technological companies and other financial services companies taking part in its consortium. The startup’s Corda initiative – the blockchain solution software which is seen as its product to....
The Science and Technology (S&T) Directorate of the US Department of Homeland Security is supporting four small firms with funds to use Blockchain technology to support identity management. What are those Blockchain firms? Digital Bazaar, Respect Network, Narf Industries and Celerity Government Solutions will all get $100,000 each. They fall under the Applicability of Blockchain Technology to Identity Management and Privacy Protection research topic. The topic is to use Blockchain technology, which centralizes and validates new entries added into an existing data field to support....
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....
.bit (did.id) has raised $13 million to build a cross-chain decentralized identity protocol. The Series A round, completed one year after the startup’s launch, was from CMB International, HashKey Capital, QingSong Fund, GSR Ventures, GGV Capital, and SNZ.
.bit’s open-source blockchain protocol will provide permissionless decentralized identification for individual users and DAOs. Over the past 12 months, the project’s user and developer communities have experienced strong growth. Almost 100 mainstream wallets and dApps have already integrated with .bit and....
The $2 million funding that Cambridge Blockchain LLC closed from leading technology investors Partech Ventures and Digital Currency Group is a validation of its position in the blockchain-based digital identity space particularly in a promising market like Europe, according to its CEO Matthew Commons. Not just cash. Stating in an email to CoinTelegraph on the fund which will be used to accelerate deployments of his company’s digital identity enterprise software for financial institutions, Matthew Commons says: “The importance of the fundraising goes well beyond simply "getting cash in....