BitID Will Verify Your Identity with the Bitcoin Blockchain
A new protocol called “BitID” promises to streamline identity verification for online services while protecting privacy – with tokens on the Bitcoin blockchain. Replacing User-Unfriendly ID Systems. BitID is now concluding a successful testing period, and should be ready for other services to use in the near future. Although credit cards and e-commerce....
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Happy Mother's Day, and welcome to another Bitcoin News in Review (formerly known as CCN Week in Review)! This week on CCN, we learned about BitID's secure Bitcoin authentication protocol, that the FEC unanimously voted to allow bitcoin donations to PACs, that the bitcoin transaction volume has dropped, and more. Check out this week's top stories on this Bitcoin News in Review. BitID's Secure Bitcoin Authentication Protocol. Tired of seeing these buttons everywhere? You've probably seen those “Sign In with Facebook” buttons everywhere, right? While they’re convenient, many users don’t like....
You just need to scan a QR code if you want to login with Bitcoin through BitID. When people say that currency is only the first app of Bitcoin, this is the kind of stuff they're talking about. Most Internet users are now used to the idea of logging into other websites with their Google, Facebook, or Twitter accounts, but BitID is a new application that would allow anyone to easily login to any website in a somewhat anonymous manner. Those of you who are creeped out by the idea of attaching other websites to your Facebook account can now rejoice because you will soon be able to login to....
Instead of selecting 'Connect with Twitter' when you log into your favorite website, you might one day log in by choosing 'Connect with Bitcoin' instead. BitID is a decentralized authentication protocol that leverages bitcoin wallets as a form of identification and QR codes for service or platform access points. It enables users to access an online account by verifying themselves with their wallet address and uses a mobile device as the private key authenticator. The protocol was developed by Eric Larchevêque, one of the co-founders of La Maison du Bitcoin, a bitcoin community centre....
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....
Blockchain startup Onename launched its new product Passcard this week, which uses a blockchain-tied profile to create a secure and "trustless" identity. Onename plans on eventually using it as a sort of digital key to your identity, potentially replacing passwords, the keys to your house and even your passport. Onename takes advantage of Bitcoin's distributed ledger, the blockchain, which is used to record and verify bitcoin transactions. It is what enables the digital currency to properly function and can also be used to record any kind of information in a public ledger. "Passcards are a....