When privacy is a privilege: Ontology’s Jun Li on blockchain-based digital ID
Everyone’s car generates a lot of data every day, points out Jun Li, founder of the open-source digital identity blockchain Ontology.The automotive sector is one in which his companys ID solution has a clear use case, as each drivers data can be stored and used to calculate insurance premiums according to actual driving behavior.Some insurance companies will put telemetry devices on the cars to collect your driving information. Every year, your insurance pricing will be based on your behavior data.For Li, this is a positive development because good drivers will receive well-earned....
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Waves Enterprise and Ontology aim to solve one of the biggest challenges of digital voting — user authentication and identification. Waves Enterprise, a major technology company specializing in blockchain-based solutions for businesses and governments, has inked a new partner to streamline its e-voting service.According to a Dec. 16 announcement, Waves Enterprise has signed a memorandum of understanding with blockchain platform Ontology to integrate decentralized identification tools into the Waves Enterprise e-voting system.As part of the partnership, Waves Enterprise and Ontology aim to....
Although one may assume that the demand for privacy in Bitcoin and other blockchain-based systems is coming from crypto-anarchists and libertarians, the reality is that a huge push for concealing transactions on the blockchain is coming from the traditional financial industry. During a recent cryptocurrency event at the Cato Institute, Zcash CEO and longtime cypherpunk Zooko Wilcox-O’Hearn made the point that banks, clearinghouses, payment processors and everyone else he’s talked to in the financial industry are the ones who are asking for more privacy on the blockchain. During a panel....
If there is anything the internet loves these days, it’s privacy. From the boom in VPN use to anonymous accounts and encrypted websites, maintaining privacy is certainly appealing to the average internet user. This interest in privacy has also coincided with the rise in blockchain technology, a concept that thrives on the idea of privacy. […]
A huge cache of internal files of the Panama-based law firm Mossack Fonseca (which specializes in creating shell companies) has been leaked, embarassing multiple world leaders and resulting in calls for their resignation. Could a blockchain-based system have fared better at protecting the privacy of its users? The release of the Panama Papers (11.5 million documents, covering 214K offshore entities, over a 40 year period) is a very big development, no matter how much various world leaders try to downplay it. Governments will act on the information which is now in the public domain,....
The European Central Bank (ECB) leans toward a “transparent” digital euro over one that ensures a higher level of privacy for its users, a presentation devoted to the project has indicated. In the document, the monetary authority explores different privacy options for the eurozone’s digital fiat. User Anonymity Not Desirable for Digital Euro, ECB Says A presentation by the European Central Bank has thrown some light on the regulator’s “preliminary views” on the privacy-related features of the digital euro. It comes as the project to issue a....