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.
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
Digital identification is the future. What role will blockchain play?
Tencent Cloud joins forces with ShareRing to launch blockchain digital ID platform
The platform is just the latest product in the fintech’s long-evolving blockchain solutions.
China’s Ant Group releases digital copyright platform on AntChain
Fujitsu has been working on blockchain-based digital identity tools since 2019.
Japanese payments firm JCB and Mizuho Bank test blockchain-based ID
Blockchain firm HashCash plans to create a federated and sovereign digital identity architecture to be used in banking processes.
Blockchain Firm Says Banks Need DLT to Manage Identities Better
South Korea’s second-largest city, Busan, will let its citizens access government services using a blockchain-based identification app developed by Coinplug.
South Korean City Opens Public Services to Blockchain-Based ID App