Onename Launches Blockchain Identity Product Passcard

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....

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....

The Openname protocol was built by Onename and allows users to create an identity, verify it, and use it across the internet. The service acts like a digital passport and allows people to easily send Bitcoin to users of Openname. Onename has announced super decentralization of the Onename protocol by giving up their monopoly on users. Users of the protocol will be able to select a provider for authentication purposes, thus making the authentication process decentralized. Onename has also raised $1.5 million in funding. Also read: The Upcoming Decentralization Singularity. In addition to....

Bitcoin and blockchain enthusiasts may recall an application called Onename, which was built on top of the identity- and storage-providing blockchain platform called Blockstack. In an announcement earlier today, the company announced they will be changing their name to Blockstack Labs. Onename Becomes Blockstack Labs. Now and then, Bitcoin companies will go through a rebranding without affecting their customers all that much. In the case of Onename, which will keep the name as a consumer product, the parent company name will change to Blockstack Labs. Onename will continue as it has....

Onename, an open-source protocol provider which creates secure and trustless identities on the blockchain network has announced that the platform will switch from namecoin's blockchain to bitcoin at the Blockstack Summit 2015. The company's co-founder Muneeb Ali explained, "Namecoin is not secure," because of one mining pool's dominant control over the Namecoin mining network. According Onename co-founder Ryan Shea, one of China's largest mining pools Discus Fish (F2POOL) controls over 60% of the entire Namecoin network's hashing power. "A single mining pool has 67% of the hashpower on....