30 Jun
0
IBM blockchain project for identity verification
Today the tech-giant IBM revealed its latest blockchain project thanks to the French bank Crédit Mutuel Arkéa, an idea that aimed at creating a system for identity verification.
IBM Blockchain for identity confirmations
IBM explained that the concept exploit the Hyperledger blockchain to allow users to have a proof of their identity, one of the few projects with the blockchain used as a non-financial application.
Frédéric Laurent of the Crédit Mutuel COO explained:
“This project offered a complete view of customers’ documents across our distributed network and helped us to understand and master blockchain for other client uses.”
This is not the first time we heard about blockchain projects conceived by the IBM. In fact, in April we wrote about Watson, an artificial intelligence connected to the blockchain and created by IBM itself.
This device will be registered on the Bitcoin ledger and – thanks to smart contracts – it will create different kinds of access, allowing lots of functions and customization.
Banks and blockchain applications
The news come when the French bank decided to use the blockchain technology, after several other banks announced their own projects related to the distributed ledger.
A few days ago we talked about the BNP Paribas project to study the blockchain as it aims at building new tools for data and money management.
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