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.
Spruce hopes its Ethereum-powered sign-in system can offer a decentralized alternative to the data-harvesting identity services offered by tech giants.
Ethereum Foundation backs Spruce’s vision for decentralized identity verification
A new forecast for the global blockchain identity management market expects growth at a compound annual growth rate of almost 71% during 2021–2025.
Blockchain identity market to grow $3.58B by 2025, report claims
Three design flaws in blockchain tech are holding the NFT sector back — and they need to be tackled for it to reach its full potential.
Blockchain tech is holding NFTs back because of these three design flaws
A payments app focused on Ethereum layer-two scaling and personal identity management has just raised $1.25 million in seed funding.
Secure payments and identity app pushing into DeFi after funding round
A blockchain project that enables decentralized identities and verifiable credentials to be created has announced that it is transitioning to a proof-of-stake a...
Credential-focused blockchain is moving mainnet to proof-of-stake
The billionaire has proposed using NFTs during Dallas Mavericks games and is a major investor in the marketplace Mintable.
Mark Cuban says NFTs could disrupt electronic signature firms
The rollout of new identity management platforms and a pivot toward DeFi appear to have triggered a 450% in the price of SelfKey.
SelfKey (KEY) gains 450% after DeFi pivot and data management upgrades