DocuSign Founder Sees Blockchain Tech Potential in Identity Management
Digital signature company DocuSign might have little to do with bitcoin at first glance. The firm's business is replacing ink signatures on paper with its own electronic version. But the audience listening to DocuSign founder Tom Gonser at Web Summit in Dublin last week might have been forgiven for thinking they'd stumbled onto a sermon about the benefits of the blockchain. Gonser ran through the complexities of identity and contract management in a digital age, pointing out that different jurisdictions had very different ideas of what constituted a valid contract. He stood on stage in....
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The DocuSign CEO estimates the cost of providing the firm’s e-signature and digital identity services are 13X higher using blockchain technology. Daniel Springer, the chief executive officers at electronic signature technology company DocuSign, says the firm isn’t likely to incorporate additional blockchain technology anytime soon as current infrastructure is far cheaper.In a Quartz report published yesterday, Springer said the San Francisco-based DocuSign’s 2018 integration of the Ethereum blockchain involved the use of smart contracts with the firm’s e-signature and transaction....
Many people dread the process of buying a car. Selecting the car itself can be fun, but the pressure to test drive, the forced banter with the sales rep, and the dreaded negotiation are major turn-offs to many. Visa is working to change that with a new app that can use advanced Bitcoin Blockchain technology to revolutionize the car buying process forever. This prototype app was announced at the Money 20/20 payment conference in Las Vegas yesterday and is being built in association with DocuSign Labs. Imagine if you walked into a car dealership, and already knew the car you wanted, 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....
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....
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.....