#identity News

South Korea’s Got Blockchain in its Seoul

Consortium of Korea’s Major Tech Companies and Banks to Launch Mobile Digital Identity

July 15, 2019 by Ashwath Balakrishnan at Blockchain

A group of tech companies, telecoms, and major South Korean banks, led by Samsung, are launching a blockchain-powered digital identity platform to resolve a few critical vulnerabilities found in current online certificates used for sharing personal data, as per a press release. Digital identity continues to be one of the...

Bloom Is the Largest Blockchain-based Identity Solution in the World

July 1, 2019 by Ashwath Balakrishnan at Blockchain

Bloom, a blockchain-based identity solution, has crossed the 500,000 user milestone on June 28, 2019, making them the single largest entity in their market slice. Bloom changes the way identities are shared by using a blockchain-based solution to reduce the risks of identity fraud and minimize costs associated with doing...

Regulators Target Cryptocurrency Mixers Under Notion of AML

May 24, 2019 by Ashwath Balakrishnan at Bitcoin

The Dutch Fiscal Information and Investigation Services (FIOD) in association with Europol and Luxembourg police have cracked down on Bestmixer, one of the largest cryptocurrency mixing services in the world. Mixing is a process whereby one can necessarily throw in tainted funds that are identifiable with criminal activity and receive...

Okta Unveil $50 Million Fund for Blockchain Powered Identity Solutions

April 5, 2019 by Ogwu Osaemezu Emmanuel at Adoption, Blockchain, Business, Investment, News

Okta, a leading provider of secure identity management solutions for enterprises, has announced the launch of Okta Ventures, a $50 million investment fund whose primary objective is to invest in and nurture new technologies that could solve the problem of security, privacy and identity theft across the global technology landscape,...

PayPal Joins the Blockchain Bandwagon

April 3, 2019 by Ogwu Osaemezu Emmanuel at Adoption, Blockchain, Business, Commentary, News

PayPal, a leading online payments giant, has invested an undisclosed amount in Cambridge Blockchain, a startup that develops distributed ledger technology (DLT) based identity management and compliance solutions. The deal will enable PayPal to integrate blockchain technology into its operations, according to a Forbes report on April 2, 2019. PayPal...

Person Holding Smart Phone with Identity

PricewaterhouseCoopers to Test Blockchain-Based Credentials Platform

March 4, 2019 by Tokoni Uti at Adoption, Blockchain, Business, Development, News, Platform

The Institute of Chartered Accountants of Scotland (ICAS) has entered into a partnership with PricewaterhouseCoopers (PwC) to test a blockchain-based platform that will store and issue qualifications to accountants, announced February 28, 2019. Qualified to Serve A quick look at blockchain-related news from 2018 will show that there has been...

Blockchain Cube Sitting on a Board Room Table

Identification Study Group to be Held between SoftBank and TBCASoft

February 26, 2019 by Tokoni Uti at Adoption, Blockchain, Business, News

A new blockchain-based identification study group is to be launched between SoftBank and TBCASoft, as reported on February 26, 2019. Study in Progress Consumers have, in the last few years, become much more concerned about their privacy. Following incidents like the Cambridge Analytica scandal, there is a growing emphasis on...

Dealing with Identity Is Still Crypto UBI’s Biggest Obstacle

February 8, 2019 by Liam J Kelly at News

The advent of cryptocurrencies has rekindled much of the conversation surrounding a universal basic income (UBI), as many believe the technology is the final piece needed to turn the idea into reality. A protocol as fundamental as the Internet, which can now securely transfer value, still has more than a...

Abu Dhabi Global Market Successfully Concludes First Phase of Blockchain-Based KYC Project

December 7, 2018 by Cindy Huynh at Blockchain, Business, Finance, News, Regulation

Abu Dhabi Global Market (ADGM) recently announced the successful completion of the first phase of a blockchain-based electronic-Know-Your-Customer (e-KYC) utility project. According to the press release published on December 4, 2018, the e-KYC had significantly simplified and improved the KYC process by providing an immutable audit trail. e-KYC Project Demonstrates...

China’s Lufax P2P Lending Platform Eyes Blockchain Technology

November 4, 2018 by Ogwu Osaemezu Emmanuel at Blockchain, Business, Development, Finance, News, Platform

Lufax, China’s leading peer-to-peer lending and wealth management platform, has hinted its working on integrating distributed ledger technology (DLT) into its operations to reduce cost and increase transparency, reported The South China Morning Post on November 2, 2018. Lufax Joining the Blockchain Movement Per sources close to the matter, Lufax...

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