Spruce hopes its Ethereum-powered sign-in system can offer a decentralized alternative to the data-harvesting identity services offered by tech giants.
A digital identity is an entity’s information about itself that is used to represent it as an external agent in a computer system. Digital identities may be used by organizations and humans, as well as by applications and devices. Digital confirmation of identity is an authentication process. The process of giving permission for accessing information by certain identities in the system is called authorization. Identity solutions vary and use different technologies for improving the security and privacy of personal information. For example, blockchain identity management is one of IBM’s fields of work. Digital identity with implemented blockchain may help establish a secure and decentralized array of identities for everyone. Developed identity technology is one of the ways of simplifying Know Your Customer policies, smart contracts and control over personal data.
A new forecast for the global blockchain identity management market expects growth at a compound annual growth rate of almost 71% during 2021–2025.8976
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.15332
A payments app focused on Ethereum layer-two scaling and personal identity management has just raised $1.25 million in seed funding.2659
A blockchain project that enables decentralized identities and verifiable credentials to be created has announced that it is transitioning to a proof-of-stake algorithm.11920
Consumers have had a tough time in fully appreciating the benefits associated with cryptocurrencies — but this project wants to change that.2774
A meta blockchain project says its new take on decentralization offers unlimited scalability and direct peer-to-peer transactions.3675
Nigeria’s government is looking to drive blockchain adoption as part of its plans to establish emerging technology centers across the country.2080
A system of unified digital identity can replace lengthy approval and authentication chains with a simple DLT solution.5510
Blockchain technology will be used to enhance the educational experience of five million students and 750,000 teachers across the east African nation.16116
The rollout of new identity management platforms and a pivot toward DeFi appear to have triggered a 450% in the price of SelfKey.44876
Blockchain technology implemented in the media industry will help to prevent fake news from spreading.8282
A French project says it is creating a “paradigm shift” in the security of our personal information through the launch of cutting-edge decentralized identifiers.9301
The right kind of synergy between blockchain and biometrics will unleash the power of decentralized voting.8203
Germany recognizes the importance of blockchain, but how did it act in 2020, and what effect will this have on its blockchain ecosystem?10743