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.
Blockchain and virtual currencies are set to become vital part of the Argentine capital’s 12-step digital transformation effort.
Buenos Aires to accept crypto for tax payments, launch DLT-backed citizen profiles
The zero-knowledge-based platform is expected to be fully operational in Q3 of 2022.
Polygon ID platform seeks to enhance self-agency and privacy in the Web3 space
Major players from technology and crypto ecosystems participate in a new group to standardize blockchain.
IEEE Blockchain Identity of Things standardization working group kicks off
Officials have already started digitizing government services on the smart contract network RSK, but plan to step up work on the integration in early 2022.
Gibraltar's government plans to bridge the gap between public and private sectors with blockchain
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