Bitcoin Companies Go Through Identity Crisis, Sugarcoating Bitcoin to Take it to Masses
In a survey report published by the World Economic Forum, titled “Deep Shift Technology Tipping Points and Societal Impact,” respondents were polled about tipping points related to technology and when they thought they would occur. According to the survey, Robots and Services are expected to occur in 2021, 3D Printing and Human Health expected in 2023 and Driverless Cars in 2026. These were all ahead of Bitcoin and Blockchain, which the respondents think would only be a tipping point in 2027. The poll further suggests that the tipping point would occur when 10 percent of global domestic....
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Per a report from the South China Morning Post, Chinese private companies implemented an initiative to de-anonymize non-fungible token (NFT) trading. Called “Self-Discipline Initiative”, major companies in this country took the commitment to verifying users’ identity in the digital sector. Related Reading | Web3 Gaming Company Speaks Out, Nintendo GameCube Logo Plagiarized? The document was signed […]
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....
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....
Andreessen Horowitz-backed Jumio, an identity verification company, has announced a partnership with eight leading bitcoin companies in order to form an identity security network. Dubbed the Bitcoin Identity Security Open Network (BISON), the system works by allowing partners to collect and verify a customer's identity during a transaction using any connected device. Customers simply need to hold up their government-issued I. D. or Passport in front of their camera, and Jumio's Netverify validated the I. D., extracting the user's information and auto-populating it into the appropriate....
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.....