A new product has been launched by Civic (a Blockchain Identity enterprise) called the Civic Pay App, which will allow its user to unite identity verification, payment and rewards into a single transaction. It explained that,“Vending machines make digital identity accessible and give people the ability to experience new technology, with the Civic Pay App, once users are verified, they are able to use the same verification over and over again, further streamlining the identity and payment process.”
An AI & blockchain technology startup, Trusted Key has got support of $50 Million Okta Venture Fund, even it’s still in nascent stage. Frederic Kerrest, COO of the Okta said, “In line with Okta’s vision of enabling any organization to use any technology, Okta Ventures will invest in the growing ecosystem of startups tackling issues like identity, security, and privacy.”
The Sovrin Foundation ( a nonprofit organization) aims to become the world’s leading destination for self-sovereign identity (SSI) education and collaboration. Heather Dahl, Executive Director & CEO of the Sovrin Foundation explained “Self-sovereign identity was created by a community of people who want to solve the internet’s identity problem by giving people control of their identities.”
An announcement was made by Sphere Identity regarding the launching of its business platform and the mobile application. The CEO of the blockchain-powered digital ID system, Katherine Noall explained, “By adopting digital identity procedures in e-commerce transactions, businesses can introduce trust and automation, which has spurred a distinct market for self-sovereign identity solutions.”
A provider of data to combat ransomware, hacking, malware and other online threat, Confirm have revealed that they have fully redesigned its AML/KYC platform. The redesigned platform by Confirm have features numbers of new design upgrades, integrated products and of course, a better AML Risk reporting. Network members are now able to access the Confirm products and panels.
A cryptocurrency wallet company, MyEtherWallet (MEW) have recently shared in a blog post regarding the releasing of their platform which allows the user to convert cryptocurrency to fiat without KYC in collaboration with crypto finance firm, Bity. In the blog post, MEW also confirmed that the user is allowed to perform the conversion from any part of the world.
The Canadian Bankers Association have expressed need for the country to develop a digital identification system powered by blockchain and biometrics technology. In white paper published in May 2018 entitled “Canada’s Digital ID Future – A Federated Approach” emphasised to create a legal framework to enable the creation and usage of digital ID solutions under one national strategy.
Former Apple employee Phillip Shoemaker has been hired as executive director of Identity.com. Blockchain startup Civic has bought the Identity.com domain in July this year. Jonathan Smith, CTO, and co-founder of Civic said that “Phillip’s knowledge of blockchain and expertise building internal infrastructure will guide Identity.com through a key time of deployment and growth,”.
The proof-of-concept of the blockchain powered credentials management system for the construction site laborers has been accomplished by the Swiss Federal Railways (SBB). The project was functioning from May to November. The blockchain solution was built by Linum Labs with the uPort open source technology. Reportedly, the app could link identity systems authenticated by city administrations.
Collaboration has been made between Deloitte and an identity management firm, Attest Inc to introduce a blockchain-powered government identification system as an effort in eliminating the problems faced in the government institution. The Consulting LLP Managing Director of Deloitte, Wendy Henry explained, “In the blockchain pilots we’ve run with our government clients, digital identity can be a thorny issue.”