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Tag Archives: identity

blockchain id

Luxemburg to launch a Blockchain ID platform

blockchain idLuxTrust, together with a Massachusetts-based startup and the support of the Luxembourg government, is building a new Blockchain ID platform.

Announced today, the project sees also the participation of the US startup Cambridge Blockchain.

 

Luxembourg owns two-thirds of the LuxTrust company, and the rest is handled by a consortium of banks and financial institutions that utilize the service itself.

LuxTrust is now working on how to integrate the blockchain, paving the way to its 500,000-strong subscriber base to use the distributed ledger in some capacity.

According to Matthew Commons, CEO of the Cambridge Blockchain, this partnership was born thanks to an initial conversation about blockchain ID.

“By combining LuxTrust’s current certified services such as authentication, signature and document management with our innovative blockchain-based enterprise software, our collaboration will deliver the future of digital identity for Europe and beyond,” he explained to Coindesk.

The Blockchain ID platform will be rolled out during the next few months, in what Commons called something like a “soft launch”.

He explained that one of the most important reasons for the creation of the Blockchain ID platform is the data-centric regulation (including the European General Data Protection Regulation) that are due to come in mid-2018.

“Working with Cambridge Blockchain allows us to augment the scope of identities, including any attributes, and will enable users to share personal data fully respecting the increasingly stringent European regulatory framework,” commented LuxTrust’s CEO, Pascal Rogiest.

Back in February 2017, the Cambridge Blockchain company raised  $2m in a funding round, receiving support by VC firms Partech Ventures and Digital Currency Group. Commons also explained that his startup wants to complete a new Series A round by the end of 2017.

That said, we’re very happy to read about the Luxembourg government involvement in a blockchain-related project since HolyTransaction is based here.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio
bitcoin in russia

Russian Blockchain to improve national payments

Today we want to talk about the recent Russian Blockchain interest and the country major announcements related to bitcoin and the distributed ledger.

According to Economic Times, Russia wants to use the blockchain technology to improve its national payment system and to simplify clients’ identification.

The Association of Financial Innovation (AFI) in Russia, in fact, prepared a draft for improving the regulation of its own national payment system.

This draft has been shared for a first discussion on the Association’s official web site. After this discussion, the roadmap will be presented to the Russian Duma, the Ministry of finance and the Bank of Russia.

According to the official article, the roadmap includes the use of the distributed ledger technology for users identification. Here an extract:

“Along with expansion opportunities in the short term transactions under the simplified identification of clients, develop an approach and implement a single identifier (possibly using blockchain technology)”.

The Association for Financial Technologies Development (FinTech Association) was recently setted up by the Bank of Russia.

Its participants will study and test the most promising technologies, including the distributed ledger, open application program interface (open API) and remote identification technologies. Also, the association will create a single payment space both for households and legal entities.

Russian Blockchain Interest

Earlier in 2016, the Bank of Russia revealed its technical prototype for financial messaging, based on the blockchain and called Masterchain.

This tool would allow instant confirmation of data; also it would create a few financial opportunities for the market participants to provide game-changing products and services to their clients.

Recenlty Russia seems to love the Blockchain very much. In fact, the national tax authority recognized Bitcoin as a foreign money, expressing the legality of Bitcoin use and transactions.

Also, Siberia Airlines revealed its use of the Ethereum Blockchain Smart Contract in a few transations. 

To read more about Russian Blockchain projects, click here.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio

Microsoft to launch an identity platform through the blockchain

The well-known tech giant Microsoft recently started a partnership with Blockstack Labs and ConsenSys to create an open-source platform to integrate both the Bitcoin and Ethereum blockchains.
In today’s blog post published by Microsoft blockchain business strategist Yorke Rhodes III, in fact, he explained that the company will create an open source framework on Azure, where developers can build their own identity applications.

“Microsoft is collaborating with partners Blockstack Labs and ConsenSys, and developers across the globe on an open source, self-sovereign, blockchain-based identity system that allows people, products, apps, and services to interoperate across blockchains, cloud providers, and organizations. Our goal in contributing to this initiative is to start a conversation on blockchain-based identity that could improve apps, services, and more importantly, the lives of real people worldwide by enabling self-owned or self-sovereign identity”.


The possibility to connect this platform to both the Ethereum and the Bitcoin blockchain will take place thanks to Blockstack and uPort systems. 
This partnership started during the ID2020 Summit held in New York a few weeks ago. 
According to Rhodes, a first version of this framework will be launched within the end of the summer on the Azure platform. 


Identity Problem in the Digital World 

identity_platform_blockchain

According to the post published by Rhodes, 1.5 billion people don’t have a proper identification
And this makes it difficult for them to have a bank account or access to education and more services.
  • 1.5B people are without proper identification, that’s one-fifth of the world’s population.
  • One in three children under the age of five does not officially exist because their birth has not been recorded.
  • Cumulatively, 230M children under the age of five have no birth certificate; this number is growing.
  • 50M children are born without legal identity, the size of the UK, each year.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio

Does Gavin Andreseen “agree” Craig Wright is the real Satoshi Nakamoto?

Australian computer scientist Craig Wright revealed he is the real Satoshi Nakamoto, the man who invented Bitcoin back in 2008. 
Wright announced this huge news at the most important news journals of the world, including BBC, GQ, and the Economist.





He explained: 
“These are the blocks used to send 10 bitcoins to Hal Finney in January as the first bitcoin transaction.”

Gavin Andresen confirms this thesis: Wright is Satoshi

The most popular Bitcoin developer Gavin Andresen published a post where he explained he is convinced by the Wright’s announcement.

He wrote:

“I was flown to London to meet Dr. Wright a couple of weeks ago, after an initial email conversation convinced me that there was a very good chance he was the same person I’d communicated with in 2010 and early 2011. After spending time with him I am convinced beyond a reasonable doubt: Craig Wright is Satoshi.”

Craigh Wright is a trend on Twitter

Everyone is talking about this shocking news on Twitter. In fact, Craigh Wright quickly became a worldwide trend.


And we cannot avoid asking ourselves how this revelation will affect bitcoin.

Is the mystery solved?

In the latest hours, we found that probably the Andreseen’s account is been hacked so he never wrote the post where he confirmed the Satoshi Nakamoto identity.

Also, the signature Craig used to prove his Bitcoin invention is a fake.

Peter Todd wrote on Twitter:

Peter Todd

FYI, @gavinandresen‘s commit access just got removed – Core team members are concerned that he may have been hacked.

This article has been updated on May 2, 2016 3:45 CEST.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio