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.
News
Fujitsu has been working on blockchain-based digital identity tools since 2019.
Japanese payments firm JCB and Mizuho Bank test blockchain-based ID
Helen Partz
2020-10-19T13:10:41+01:00
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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
Adrian Zmudzinski
2020-08-12T11:46:00+01:00
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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.
South Korean City Opens Public Services to Blockchain-Based ID App
Andrey Shevchenko
2020-06-09T13:52:00+01:00
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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.
Decentralized Identity Could Replace All Login Functions, Says LG
Adrian Zmudzinski
2020-06-03T18:30:00+01:00
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Blockstack PBC’s annual report with the SEC highlights payments made to other crypto firms for its marketing efforts.
Blockstack's SEC Filing Reveals Heavy Use of Tokens When Paying Services
Andrey Shevchenko
2020-04-29T21:32:00+01:00
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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.
Crypto Exchange Digitex Removes KYC to Protect User Data
Helen Partz
2020-03-04T15:53:00+00:00
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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.
South Korea’s NH Bank Debuts Samsung-Backed Blockchain ID System
Helen Partz
2020-02-27T16:35:00+00:00
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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.
Does Blockstack Really Have 1 Million Verified Users?
Andrey Shevchenko
2020-02-14T20:43:00+00:00
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