Top Investors Raise $2 mln for Blockchain-Based Digital Identity Solution
The $2 million funding that Cambridge Blockchain LLC closed from leading technology investors Partech Ventures and Digital Currency Group is a validation of its position in the blockchain-based digital identity space particularly in a promising market like Europe, according to its CEO Matthew Commons. Not just cash. Stating in an email to CoinTelegraph on the fund which will be used to accelerate deployments of his company’s digital identity enterprise software for financial institutions, Matthew Commons says: “The importance of the fundraising goes well beyond simply "getting cash in....
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Flexid Technologies, a blockchain startup promoting the use of digital identities, said its solution was recently used by thousands of Zimbabwean households and patients that participated in a local health survey study.
Using Technology to Drive Down the Cost of Healthcare
A blockchain startup, Flexid Technologies, revealed it recently made its digital identity solution available to 15,000 households and 50,000 patients that took part in a Zimbabwean baseline survey. The survey was conducted between 2021 and early 2022 by a local healthcare provider, Ubuntu Clinic.
In....
Fujitsu has been working on blockchain-based digital identity tools since 2019. Major financial institutions in Japan are moving into blockchain to streamline digital identity systems.Japan’s third-largest bank, Mizuho Bank, and local payment giant JCB are preparing to pilot a digital identity interoperability system based on blockchain technology. The new system will utilize a blockchain solution developed by Fujitsu Laboratories, Fujitsu announced on Oct. 15.The new joint initiative will allow the companies to verify mechanisms to securely transfer and link member ID information by....
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....
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....
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.....