Haven't really seen any of the articles, but I think a proper Blockchain/decentralized identity system should be able to prevent the possibility of an individual or group of connected people from knowing or having sensitive information of law abiding people. If you want to build a good decentralized system, you have to look for ways to prevent anyone from knowing other people Date of Birth, house address etc. That should be left for the law enforcement people when the owner breaks serious rules.
So, proper identity system has to be safe, privacy-friendly/anonymous, decentralized, very effective, easy to use, etc
How do you really verify people's identify without violating their privacy/anonymity? The verification has to be accurate/fraud-proof.
Topic: Identity Features in blockchain technology. Has anyone tried it already? (Read 112 times)
July 07, 2020, 09:47:58 AM
July 07, 2020, 07:49:29 AM
We already have a lot of dApps and projects related to id verification and kyc purposes but a separate blockchain network for this purpose sounds innovative and especially if it gets implemented at mass level including banks it will be huge and will also have a positive effect on crypto market due to its underlying technology which will be same as crypto.
July 07, 2020, 07:32:50 AM
This is good for enterprises that wants their customer verify legitimacy of the products that they are selling. In marketplaces, there are fake products and with those codes or certain product keys or IDs, that will be a way to verify if the product is legit and came from the manufacturer and officially made by the brand you like. That's a good usecase that everyone who loves authentic products.
July 07, 2020, 02:55:28 AM
The reason why projects scam easily in crypto space is not the lack of identity, haven't you seen project team can come out in public to promote their scam and still run away with investors money? Miracletele was an example, I don't need somekind of new identity Project but something that will make it very hard for scammers to run away with investors money.
if this happens crypto space will have a new fresh breath and I can promise you that we will have insanely large amount of new investors
if this happens crypto space will have a new fresh breath and I can promise you that we will have insanely large amount of new investors
July 07, 2020, 02:52:03 AM
Still doubting if this will actually works, as a matter of fact I don't care because identities are easier to steal online, if a new identity project can come around to give something very different it will be really helpful..
July 07, 2020, 02:41:31 AM
Check out this article that featured companies using the identity layer feature of blockchain technology - https://gomedici.com/22-companies-leveraging-blockchain-for-identity-management-and-authentication
In Switzerland, a privacy-centric, regulatory compliant blockchain recently announced that their Testnet 2 is already live and it has their "game-changing" identity features which will make businesses want to implement this technology.
Anyone here who has tried it? And how impactful is identity-feature/ID-layer at the protocol level for businesses and major corporations?
In Switzerland, a privacy-centric, regulatory compliant blockchain recently announced that their Testnet 2 is already live and it has their "game-changing" identity features which will make businesses want to implement this technology.
Anyone here who has tried it? And how impactful is identity-feature/ID-layer at the protocol level for businesses and major corporations?
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