News
Blockchain firm HashCash plans to create a federated and sovereign digital identity architecture to be used in banking processes.
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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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South Korea’s second-largest city, Busan, will let its citizens access government services using a blockchain-based identification app developed by Coinplug.
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A representative of LG’s information technology subsidiary LG CNS told Cointelegraph that blockchain-based identity systems could replace all login functions.
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Blockstack PBC’s annual report with the SEC highlights payments made to other crypto firms for its marketing efforts.
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Adam Todd, CEO at Digitex Futures Exchange, reveals that the exchange will completely take down all KYC as of April 2020 in response to earlier data leakage.
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NH Bank rolls out first commercial use of a blockchain ID system developed by major South Korean firms like Samsung and LG Uplus.
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Blockstack’s claim of having one million verified users has been questioned extensively, which prompted Cointelegraph to investigate its blockchain data.
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A Central Bank of Azerbaijan official says a blockchain-based digital ID system will be adopted in the Q1 2020.
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A consortium of major South Korean firms partnered to launch a blockchain-based mobile identification system in 2020.
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Fujitsu has developed a blockchain-based solution for identity verification and trustworthiness that is based on user evaluations.
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Five Canadian banks will employ a blockchain-based user identification system developed by tech startup SecureKey Technologies.
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Mainstream media corporation Thomson Reuters was awarded a patent for a blockchain-based identity management system.
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Russia’s Duma Committee on Financial Markets wants to establish an identification process for users of digital assets.
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Thai officials will conduct blockchain feasibility studies, aiming to apply the technology for digital IDs, smart contracts, and even rice export.
4670 A universally compatible Blockchain-based smart identity project by Deloitte has the potential to impact every aspect of our lives.
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