Blockchain Identity: Solving the Global Identification Crisis
Bitcoin and the underlying technology of the blockchain has become a pretty important invention of our time. The cryptocurrency application itself has given us a sketch of new meanings that apply to money and mediums of exchange. The blockchain can house and transact with unlimited amounts of valued assets through its publicly distributed ledger, and among these valuable building blocks is unforgeable data. This data can lead to incredible concepts produced by the blockchains transparency attributes, such as smart contracts, governance, identity, and ultimately the Internet of Things. The....
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A universally compatible Blockchain-based smart identity project by Deloitte has the potential to impact every aspect of our lives. In an era where we are increasingly using mobile and electronic devices to move data around, identity management is still stuck in the era of paper. Crossing borders, being able to drive, getting benefits from the state, all require some form of paper or plastic based identification. Different public and private organizations routinely request identity information from people and companies and often this information has to be given repeatedly even in one day.....
Australia Post Accelerator has joined firms from across the globe that are experimenting with the blockchain technology which powers bitcoin. It is exploring three potential areas in which it believes blockchain can be developed: identity, registries, and e-voting. Australia Post Accelerator partner Rick Wingfield confirmed the move at Australia’s largest ICT event for the public sector. Technology in Government 2016 brought together senior public sector technologists and communications experts to discuss ICT solutions within government. There have been global discussions about how....
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....
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....
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....