News
Brazil is launching its new national identity program powered by blockchain technology. Rio de Janeiro, Goiás and Paraná will be the first states to issue identification documents on-chain.
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Identification News
Identification is the process of recognizing and naming an object. The term Identification covers both the process of naming yourself and determining other objects. Identification is not equal to proving that you are what or who you said you are, it is just a statement of it. In IT, identification is analogous to entering a username. Various types of identifications are actively used in governance, science, media, inventory management and IT systems. Digital identification solutions are an important part of information security. Customer identification systems are crucial for Know Your Customer (KYC) and Anti-Money Laundering (AML) policies, various marketing programs and the privacy of customers. Blockchain personal identification systems can strongly improve the identification process with blockchain-based identity confirmation platforms that include biometric IDs and decentralized identity management built upon a robust and immutable network.
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The first documents available on-chain in Buenos Aires will include birth and marriage certificates, along with proof of income and academic verification.
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A video shared by Worldcoin co-founder Sam Altman shows a long queue of people in Japan reportedly waiting to collect $50 worth of Worldcoin (WLD) tokens or 25 WLD.
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“What could go wrong?” Decentralized ID protocol Worldcoin has launched, receiving mixed reactions from the cryptocurrency community.
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The Ethereum co-founder released a long-form response to the launch of Worldcoin’s decentralized human identity verification system.
23314 - Interview
Matthias Mende said while it’s very unfortunate, there are a lot of bad actors using social media who are constantly trying to bring harm to others.
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The integration will allow users to instantly convert cash to stablecoin for use in DeFi protocols.
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The credentials will “have multiple use cases,” including regulatory compliance for banking and decentralized finance, age verification for e-commerce, private logins and fundraising.
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The American credit reporting agency is teaming up with Spring Labs and Quadrata for a new service that should make DeFi borrowing easier and less risky.
5314 - Follow up
European Union lawmakers are planning an EU-wide digital identity wallet for access to essential services.
10089 - Explained
Blockchain technology can be used for fake product detection, providing secure and transparent records of transactions to prevent fraud and counterfeiting.
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The public launch of Polygon ID comes 12 months after it was first launched in a closed-environment to a select group of builders.
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Masa Finance announced its deployment on the Celo blockchain with its new “Prosperity Passport” identity solution for users.
6352 - Spotlight
Access to the internet and mobile services is not as widespread as most think, and blockchain can serve as a remedy.
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Under the plan, the blockchain-powered ID would be fully decentralized, meaning the government won't be able to see how or when the ID is being used.
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