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Blockchain Identity Solutions

4 Blockchain Companies Focusing On Secure Digital Identity Solutions

4 Blockchain Companies Focusing On Secure Digital Identity Solutions

Various blockchain startups are focusing on bringing digital identities to the table. Creating a more secure environment for personal information is direly needed. With the number of data breaches on the rise, better solutions have to be created. Some of these firms are even seeing a spectacular growth already. Many people associate blockchain technology with the financial sector. Even though that industry has the most to gain from distributed ledgers, the technology can be used on a much broader scale. With a stronger focus on creating digital identities, blockchain technology becomes a valuable ally for governments and consumers all over the world. In fact, several blockchain companies are working on this concept already. Blockstack Labs is one of the most prominent companies in this field. Formerly known as OneName, they were among the first to offer blockchain-based personal identities. So far, their user base exceeds 50,000 registered identities, and more growth is expected over the coming years. Evernym is another company working towards the same goal, albeit with a different approach. The team moved from open blockchain standards to permissioned solutions, while still maintaining the public element. If everything goes according to plan, the company will see its public demo on September 29 of 2016. We are looking forward to it. Managing an online identity on the blockchain is a whole different matter. KYC-Chain uses a mix of blockchain technology and smart contracts to provide this service. Users can open their account online, and the user will own the private key to their encrypted data. Moreover, they can also determine which information should be visible to whom. UniquID is perhaps the most intriguing company on this shortlist. By offering a wallet service, us Continue reading >>

Github - Peacekeeper/blockchain-identity: Blockchain And Identity

Github - Peacekeeper/blockchain-identity: Blockchain And Identity

If nothing happens, download GitHub Desktop and try again. If nothing happens, download GitHub Desktop and try again. If nothing happens, download Xcode and try again. If nothing happens, download the GitHub extension for Visual Studio and try again. Projects/companies working on blockchain and identity (pull requests welcome): Namecoin is a blockchain that has been conceived from the start to be used for registering domain names. It is the first fork of the Bitcoin software. NameID is an OpenID service based on Namecoin identifiers. CertCoin is an MIT paper about a NameCoin-based decentralized authentication system which maintains a public ledger of domains and their associated public keys. ChainAnchor is MIT paper about an architecture that adds an identity and privacy-preserving layer above the blockchain, either the private blockchain or the public blockchain in Bitcoin. Blockstack is a network of computers that collectively maintain a global registry of domain names, public keys, and cryptographic hashes. With this registry, Blockstack serves as a decentralized domain name system (DNS) and a decentralized public key infrastructure (PKI). Onename is a product built on Blockstack that allows people to register identities. A workshop called Rebooting the Web-of-Trust has produced a paper about a Decentralized Public Key Infrastructure (DPKI), which registers identifiers and associated public keys on blockchains. The non-profit organization XDI.org has designed a blockchain-based registry for human-readable names and machine-readable numbers. Consensys has developed the blockchain-based, self-sovereign identity system uPort to launch an Internet-of-People . Identit.ee is a program to build blockchain identity solutions related to the Estonian e-Residency concept. BitA Continue reading >>

Fin Identity, Privacy, And The Blockchain

Fin Identity, Privacy, And The Blockchain

In the offline world, identity and privacy are rather straightforward. Peoples identities are proven by simply being who they are, and privacy reflects the ability to control what others know about their identity. Occasionally, tangible objects such as drivers licenses or bills are required to verify identity with businesses or government entities. In the current interconnected and online world, we instead use various digital markers to demonstrate identity. These markers somehow prove we are who we say but are often only tangentially related to the service being accessed and require us to relinquish a significant amount of privacy. There are a number of problems with the current systems used as proxies for identity, but new technologies like blockchain might be able to help us reclaim our online (and offline) selves. Markers of identity are often required to be very personal pieces of data. Consider the litany of personal information collected when someone opens a checking account, such as street address and identification (drivers license or passport). Its easy to take these pieces of data for granted, as weve generally become accustomed to handing them over at the drop of a hat. But lets take a moment to consider what giving up these pieces of identity really means and whether its really necessary. In handing over a passport to a banker, a person gives the bank full permission to record not only their date and place of birth, but also everywhere he or she has traveled. This might not seem like a big deal, but what does place of birth really have to do with whether or not a bank allows someone to deposit money in their accounts? This isnt to say that banks shouldnt require identity verification; regulations like KYC and AML exist for a reason. However, because our cu Continue reading >>

Blockchain To The Rescue Creating A 'new Future' For Digital Identities

Blockchain To The Rescue Creating A 'new Future' For Digital Identities

Blockchain To The Rescue Creating A 'New Future' For Digital Identities The turn of the 21st century brought excitement as the Internet started evolving into the network that we know today as more companies finally grasped the level of innovation and before fully exploiting the webs potential. In the years since, everything from communication to finance to entertainment has largely migrated online. Most importantly, individuals are spending more time connected than ever before - either through smartphones and mobile devices - or from their desktops and laptop computers. Even so, this sea change of innovation brings with it a dark undercurrent. As technology advanced and allowed for faster and safer communication, hackers and other cybercriminals have been busy finding better ways around these systems. Now while figures do vary as to the exact extent of cybercrime, according to the Official 2017 Annual Cybercrime Report from Cybersecurity Ventures published this October, it will cost the world $6 trillionannually by 2021 - up from$3 trillionin 2015. One of the major vulnerabilities today is the use of traditional passwords and similar methods to protect users identities online. While newer methods offer better security, these solutions have been proven time and again to be fairly effective at best, but risk terrible breaches in the worst-case scenario. However, the introduction of Blockchain-based identification mechanisms to security problems could offer an interesting solution. The use of so-called self-sovereign ID, a form of identification that is unalterable and almost completely secure, could change the way individuals use and access their identities and sensitive data online. In addition to Blockchains inherent security benefits, self-sovereign ID shows potential Continue reading >>

Identity, Blockchain, Andyou

Identity, Blockchain, Andyou

As a blockchain security expert, I write about all thing crypto Your online identity is a powerful tool for people who want to reach out to you. Advertisers, governments, corporations, public services, and many other organizations use online identities to deliver marketing programs, information, and tailored content. As the internet evolved, the use of cookies and advertising IDs expanded the scope of online identity. Today its easy to learn intimate details about an individual from their metadata alone. Despite the best efforts of privacy legislation and identity masking tools, most of us have bared all online without much protection over our data. Fraudsters, criminals, jilted lovers, and other nefarious characters can wreak havoc in the lives of their victims using deception and forgery to capture information online. As more of the worlds banking, communicating, commerce, and trade moves online, the temptation for theft and mischief has never been higher. Identity is one of those things we all take for granted. Proving your personal identity can be complex depending on the situation and circumstance. Since King Henry V in 1414, the paper passport was the gold standard in identification. Many countries use drivers licenses or national ID cards, but these identification documents rely on photos, addresses, and a host of other facts to prove ones identity. When the world moved online, the problem of authenticating people grew more complex. Without physical interaction, the use of identity cards was less practical for web-based transactions and communications. As identity becomes more digital, the technology behind cryptocurrency might hold the key to a safe and reliable way to prove an online identity is the real deal. Could the blockchain solve the problem of privacy, Continue reading >>

Blockchain Identity For Developing Countries

Blockchain Identity For Developing Countries

ConsenSys Social Impact CTO, @Goldman Alum, @Cisco Alum, @TFA Alum, Activist, Intense Autodidact Blockchain Identity for Developing Countries Unlike a drop of water which loses its identity when it joins the ocean, man does not lose his being in the society in which he lives. Mans life is independent. He is born not for the development of the society alone, but for the development of his self. Ambedkar Self-sovereign identity is a scarcely developed resource, accessible only by a tech-savvy few in mostly developed countries. With the advent of blockchain technology and its application to identity management through projects like Civic and uPort , the laymans ability to exclusively maintain her own data is gradually becoming a reality. But, in developing countries, a whole host of infrastructural and geo-political problems prevent a massive market of identity-non-consumers from freely transacting and exchanging their identity and associated attributes in any context they see fit. Not Syrian, not Turkish: Refugees fleeing war lack documentation We see this most often within refugee communities, where typical users dont have access to smart phones (or if they do, it is for a very temporary period of time). The lack of a smartphone in todays self-sovereign blockchain market makes it very difficult to even develop an immutable identity, let alone associate it with off-chain attributes over time. In fact, most developing nations within Africa and the Middle East have very low smartphone consumer penetration, in tangent with sometimes unstable governance that makes establishing a technology-centric economy especially difficult. The flip-phone economy supports millions of citizens across these regions and effectively prevents entire communities from participating in the revive Continue reading >>

Microsoft Developing Blockchain Based Identity System

Microsoft Developing Blockchain Based Identity System

Microsoft Developing Blockchain Based Identity System by Ben Canner in Identity Management News Hardware and software giant Microsoft today announced their plans to develop an open source, self-sovereign identity system for users via blockchain and distributed ledger technology. Their plan is to create a decentralized identity management platform to better secure users digital identities. Microsoft already has its own identity platform in the Microsoft Authenticator app. Under Microsofts new direction, decentralized identities would be supported by the app; the new platform would only root a users hashed ID on blockchain. The rest of the users identity would be stored on a separate hub that even Microsoft doesnt have access to and encrypted. Afterwards, third-party apps and services can request granular consent to access users data. According to a blog post by Ankur Patel , Principal Program Manager at Microsofts Identity Division: Each of us needs a digital identity we own, one which securely and privately stores all elements of our digital identity. This self-owned identity must be easy to use and give us complete control over how our identity data is accessed and used. Microsoft joined the ID20202 alliancea global partnership looking to create a blockchain-based digital identity system for people lacking legal documentationlast month, which may speak to their motivation. At time of writing, it is not clear if and how this new blockchain-based identity management platform will be applied to enterprises. The platform seems designed to prevent password reuse hacks and credential theft, both of which are concerns to modern organizations. Microsoft is not singular in its vision of blockchain as an identity management tool. Estonian security vendor Guardtimeconsidered the Continue reading >>

Identity Management Via Blockchain?

Identity Management Via Blockchain?

Why could blockchain technology play an important role in identity management? Interview with Rouven Heck from uPort by Helge Michael from main incubator a leading company for blockchain technology founded by Joseph Lubin (Co-founder of Ethereum ). At Consensys, Rouven is head of product development of the uPort Digital Identity solution platform. Rouven, why could blockchain technology play an important role in identity management? The Economist called blockchain the trust machine. Trust is key for an identity management system and with the availability of public blockchains this trust infrastructure can be made available to everyone. In combination with increasing access to secure devices/chips and internet connectivity, we can build a self-sovereign identity system that gives the control back to the people/individuals away from 3rd parties. At a basic level, the blockchain enables a user to self-register an identity without reliance or interference from a third-party. The user can now sign any type of transaction or message with his private keys, and everyone can validate the correctness by checking the blockchain. Recently, a lot of companies are aiming to develop identity and authentication products and services. What is the reason for the strong interest in this topic? Digitalization is happening in almost every business and in recent years, personal data has become one of the biggest economic assets. The more people are using digital services, the more data that gets gathered. This raises many concerns, including identity theft, data breaches, etc., meaning the need for a strong identity solution is increasingly important. With the increase in digitalization comes an increase in complexity around authentication. Today, everyone is managing dozens of accounts wit Continue reading >>

Using Blockchain For Identity Management Five Compelling Examples

Using Blockchain For Identity Management Five Compelling Examples

Using Blockchain for Identity Management Five Compelling Examples As cybersecurity threats become increasingly prevalent and sophisticated, the case for blockchain technology as a way to secure and improve identity management grows stronger. Blockchain can give people more proactive control over their data and make it more difficult for unauthorized users to exploit it. Blockchain startups are exploring more decentralized data management systems by, in some cases, teaming up with financial services, technology, and government organizations to mitigate the risks of large-scale cyber-attacks and identity fraud. Theyre also finding ways to give individuals, including the underserved, access to services that require valid identification and theyre able to do that much more efficiently than current know your customer processes. In this piece, Ill elaborate on what blockchain technology is, why theres a need for an improved identity management system and the different use cases for blockchain identity management. The blockchain name provides a good visual reference for how the technology works. Blockchains are digital ledgers that uses cryptography (in this case a way to protect digital information through encryption) to store blocks of data that are chronologically chained together through virtual networks distributed throughout the world. Copies are stored around the internet, making it difficult to falsify information. Since blockchains are not centrally managed through a single organization and are designed to be tamper-proof, fraud is less likely. Users can transact directly with other users through the use of their public and private keys. There is no need for an intermediary, like a bank, to manage the transaction. Read our refresher on cryptocurrencies . While blockc Continue reading >>

Microsoft Is Developing Blockchain Tech That Lets You Manage Your Digital Identity

Microsoft Is Developing Blockchain Tech That Lets You Manage Your Digital Identity

Microsoft is developing blockchain tech that lets you manage your digital identity Microsoft is out to prove blockchain naysayers wrong. In an effort to show the potential of the technology beyond its applications in cryptocurrency, the Redmond giant has announced plans to use blockchain tech as the foundation for storing and processing digital identity data. Following a collaboration with theDecentralized Identity Foundation ( DIF ), Microsoft has revealed its plans to rely on blockchain technology to solve some of the challenges we face when managing our identities and personal data digitally, such asimproving privacy and security across the physical and digital world. We believe it is essential for individuals to own and control all elements of their digital identity, the company said in a blog post . Rather than grant broad consent to countless apps and services, and have their identity data spread across numerous providers, individuals need a secure, encrypted digital hub where they can store their identity data and easily control access to it. To this end, the company is developing an off-chain solution akin to the Lightning Network that will allow it to process massive volumes of ID data without congesting the blockchain network. While the company has yet to demo working prototypes of its solutions, it has shared some findings from its jointly research with the DIF. In addition to its uses for cryptocurrencies like Bitcoin and Ethereum, the Windows -maker concludes that blockchain tech is well-suited for a number of other applications. A key takeaway is that instead of relying on third-party services and solutions blockchain could prove instrumental in putting control back into the hands of the customer as well as securely storing personal data. Today, users gra Continue reading >>

Blockchains And Digitalidentity

Blockchains And Digitalidentity

We all leave comprehensive digital footprints whenever we transact on the internet. The more platforms we use, the more digital traces we leave. Internet platforms that process financial transactions include Paypal, credit card processors, direct banking, Google Wallet, Apple Pay, Amazon Pay, Square, Stripe, Venmo, and cryptocurrencies. A user must disclose personal and financial data to use these services. A persons data is often stored in various different databases, and generated at different times. Some of this individual data changes over time (for example, residential addresses) and is therefore not the same across databases. The result is that multiple digital clones of an individual exist across different databases. There are many problems in the current identity management system. Users enter their data and register on several online platforms and websites, and have to create and remember numerous passwords. People cant update all their credentials and digital identities simultaneously. This undermines security and convenience. Additionally, as the Equifax hack showed, bad actors need to break into just one major database to gain every users information. In short, current data identity practices are unsustainable. The governments of Estonia and India have experimented with centralized digital IDs. An individuals ID can be used to vote, file taxes, withdraw funds from banks, register property and comply with other government reporting requirements. Since digital IDs are issued by governments, the information collected is stored in a centralized database. Centralized storage of data creates a single point of failure. To keep such data secure, extremely strict controls and protocols need to be in place. Blockchain technology stores data in a decentralized, truste Continue reading >>

Secure Enterprise Identity Authentication | Shocard

Secure Enterprise Identity Authentication | Shocard

ShoCard announces its upcoming initial coin offering (ICO) for its cryptocurrency ShoCoin (SHO). The cryptocurrency will provide a financial mechanism for users and service providers to securely engage in transactions that use an individuals identity and other personal attributes with less friction. ShoCard Helps You Comply with GDPR by the May 25, 2018 Deadline Did you know GDPR compliance applies to ANY company (foreign or domestic) processing personal data of EU inhabitants? Introducing ShoBadge for Enterprise Identity: Security & simplicity using blockchain ShoBadge is a next generation enterprise identity solution. Providing multi-factor authentication in conjunction with the blockchain, users can securely and simply log into work apps and cloud services from laptops and mobile devices without user ID and password. The ShoBadge identity adds simplicity and security in conjunction with a companys existing identity and SSO solution. ShoCards innovative identity service provides security worthy of enterprise and financial services while simultaneously protecting consumer privacy BREAKING NEWS: ShoCard Selects Stellar as Blockchain Network for Identity Management Ecosystem Read More ShoBadge: Secure Enterprise Identity Authentication Identification validation has remained virtually unchanged for over 40 years, though technology continues to develop. With ShoBadge, companies can finally offer their employees and ecosystem of suppliers, partners and customers a great user experience with the highest level of security. ShoBadge eliminates the need for usernames and passwords within the enterprise to authorize network and data access, instead using a blockchain-based digital identity verification and authentication process. Continue reading >>

Blockchain Identity Solutions: The Key To Irrefutable Data Integrity

Blockchain Identity Solutions: The Key To Irrefutable Data Integrity

Blockchain Identity Solutions: The Key to Irrefutable Data Integrity November 30, 2016, 12:54:55 PM EDT By Distributed Identity is a universal problem inherent in all technology. Be it banking, healthcare, national security, online retailing or walking into a bar, identity authentication and authorization is a process intricately woven into commerce and culture worldwide. And it is often a very cumbersome, time-consuming and costly process. Blockchains change all that. Imagine having a level of data integrity that would allow you to establish trust instantly. Imagine the operational transparency that could be achieved without deep, complex layers of IT security. Imagine authenticating your identity once and never having to do it again, despite conducting thousands of online transactions. Identity remains one of the most fascinating and fundamental use cases that many people, including me, believe to be ideal for blockchain technology. A blockchain does two things very well. It creates a network that people can use to conduct transactions or interactions using a set of rules enforced by the network rather than a third party. We know this already with regard to Bitcoin, the original blockchain application. But blockchain technology's potential extends well beyond that. Because the other thing a blockchain excels at is identity authentication and authorization. Ensuring that a user is who he says he is, and then authorizing him to do something, is a problem that every industry has to deal with. Over and over again, day after day, year after year. Blockchain technology is both advanced and straightforward. By utilizing public key/private key cryptography, which has been around for decades, a blockchain can be deployed to create identification systems that are revolutionary Continue reading >>

Blockchain And Identity: Why They Go Together | Fortune

Blockchain And Identity: Why They Go Together | Fortune

Read more: How Blockchain Could Replace Social Security Numbers The most obvious failure of the current state of affairs is Equifax (efx) , said Vinny Lingham, cofounder and CEO of Civic, a startup that offers identity verification via a blockchain. These centralized databases are central points of failure for your identity, Lingham said, noting that in the case of a hackas occurred with Equifax all that information gets compromised. With the current model of identity, youve got honeypots, said Timothy Ruff, cofounder and CEO of Evernym, a startup that has developed its own blockchain, Sovrin, to help people manage their identities. But in the blockchain world, there is no big pile of datait doesnt exist, he said. Rather than sitting on a small set of web servers controlled by a single business, blockchain-based data can be dispersed across a sprawling network of machines. Advocates, like the ones on the panel, say this architecture can grant regular users more ownership over their own data. Michael Sena, who heads product at uPort, an identity service built on the Ethereum blockchain, said that to be truly in control of ones own identityor self sovereigna person must be in control of the cryptographic keys that allow them to interact with an access said blockchains. To be self sovereign, you cant be dependent on a decentralized network, Sena said. There needs to be the ability for users to determine how they handle keys. Get Data Sheet , Fortunes technology newsletter. In other words, just because a blockchain is involved doesnt magically mean people have more control over their data. The crypto keys, which function sort of like long, complex passwords for securing information, are, well, key. If you are the self sovereign over something, you are the final authority, Continue reading >>

Blockchain Identity Solutions: The Key To Irrefutable Data Integrity

Blockchain Identity Solutions: The Key To Irrefutable Data Integrity

Blockchain Identity Solutions: The Key to Irrefutable Data Integrity Blockchain Identity Solutions: The Key to Irrefutable Data Integrity Identity is a universal problem inherent in all technology. Be it banking, healthcare, national security, online retailing or walking into a bar, identity authentication and authorization is a process intricately woven into commerce and culture worldwide. And it is often a very cumbersome, time-consuming and costly process. Blockchains change all that. Imagine having a level of data integrity that would allow you to establish trust instantly. Imagine the operational transparency that could be achieved without deep, complex layers of IT security. Imagine authenticating your identity once and never having to do it again, despite conducting thousands of online transactions. Identity remains one of the most fascinating and fundamental use cases that many people, including me, believe to be ideal for blockchain technology. A blockchain does two things very well. It creates a network that people can use to conduct transactions or interactions using a set of rules enforced by the network rather than a third party. We know this already with regard to Bitcoin, the original blockchain application. But blockchain technologys potential extends well beyond that. Because the other thing a blockchain excels at is identity authentication and authorization. Ensuring that a user is who he says he is, and then authorizing him to do something, is a problem that every industry has to deal with. Over and over again, day after day, year after year. Blockchain technology is both advanced and straightforward. By utilizing public key/private key cryptography, which has been around for decades, a blockchain can be deployed to create identification systems that Continue reading >>

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