Obama Initiative Spawns Identity Based Bitcoin Greenlist
The IDESG or Identity Ecosystem Steering Group recentlyfiled paperworkwith the Commonwealth of Virginia to incorporate the IDESG as a nonprofit corporation. The IDESG was basicallyspun out of NISTor the National Institute of Science and Technology to "administer the development of policy, standards, and accreditation processes for the Identity Ecosystem....
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Several days ago three Bitcoin businessmen based in New York, Alex Waters, Yifu Guo and Matt Mellon, came out with an announcement that has made waves in the Bitcoin community. Their new business, Coin Validation, seeks to create a more regulator-friendly Bitcoin ecosystem by maintaining a Bitcoin "greenlist" - a database of Bitcoin addresses tied to established identities, which any user or business can join by signing up with Coin Validation, going through their identity verification procedures, and integrating their API. A more precise name for what the company is doing would actually....
In a new release, tech giant Microsoft has announced it will be collaborating with blockchain technology startup Tierion in its decentralized identity initiative. The two companies will be working on a service that aims to link data to the blockchain in order to prove its integrity and existence. Microsoft and Tierion will be working together on a service that manages and validates attestations – bits of identity-signed data that let users sign claims or agreements with their own identities. The companies are exploring how this type of technology will fit into the needs of developers and....
ConsenSys, the NYC-based venture production studio, announced yesterday an important partnership with Microsoft, the American multinational technology company, and Blockstack Labs, a venture that is also building blockchain-based software, to create an 'open-source, self-sovereign, blockchain-based identity system'. The companies are joining forces to tackle several identity and reputation problems outlined in the ID2020 conference, the event was held in the New York City branch of the United Nations. According to ConsenSys’s press release UN members, private companies, and government....
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....
Tech giant Microsoft has partnered with startups Blockstack Labs and ConsenSys to build an open-source identity platform aimed at integrating the bitcoin and Ethereum blockchains. The project seeks to build a platform for cross-blockchain identity across multiple distributed systems. An early version of the identity solution is expected to be available by the end of this summer. In a blog post published today, Microsoft global business strategist York Rhodes wrote that in the coming weeks Microsoft will launch an open source framework on Azure, where developers can build their own identity....