ID2020: How Blockchain Could Be Used To Solve Global Identity Crisis
ConsenSys, Microsoft, and Blockstack Labs collaborate to create an open-source, self-sovereign, blockchain-based identity system while ex-trader starts a non-profit ID2020 to address the problem at UN-level, through public-private partnership. According to the United Nations, there are around 1.5bn people across the world who have no way of proving who they are. Sam Cassatt, chief strategy officer of ConsenSys, says: “This project represents meaningful progress towards accessible, powerful identity for our world. If successful, we will enfranchise a significant portion of the global....
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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....
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....
Microsoft has announced that it is collaborating with Blockstack Labs, ConsenSys and developers across the globe on an open source, self-sovereign, blockchain-based identity system that allows people, products, apps and services to interoperate across blockchains, cloud providers and organizations. The United Nation's Sustainable Development Goals include giving everyone a legal identity by 2030. As a first step, the U.N. wants to develop scalable identity systems by 2020. The inaugural "ID2020 Summit ‒ Harnessing Digital Identity for the Global Community," held at the United....
Microsoft is partnering with ConsenSys, an Ethereum-coder collective, and Blockstack Labs, an application stack for decentralized, server-less apps secured by the blockchain, in trying to improve the state of the millions of people – mostly children – who face severe challenges from having no legal identity. The partners are engaged in a long-term project to employ blockchain-based solutions to the challenge of legal identity, Microsoft noted in a blog on its Microsoft Azure website. Microsoft Azure is an open cloud-computing platform. The identity issue was explored during the recent....
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....