Navigation
Deloitte Partners With Startup for Gov’t-Level Blockchain Identity Management
The identity itself is then created by populating fields in an existing ethereum smart contract with any number of attributes. Such attributes could be a birth certificate, a drivers license or a passport.
The terms of the smart contract give institutions the ability to track points on a license, or rescind the license altogether if too many points accumulate. Individual users, on the other hand, could be informed if a license being rescinded might impact his or her ability to hold a bank account using it to verify identity.
Currently, the entire smart contract is hashed, resulting in a less personalized solution than UK blockchain lead Alexander Shelkovnikov hopes Deloitte will be able to offer in the future. In later incarnations, each individual field will be hashed giving users a way to turn up and turn down identity information much like one might adjust the volume.
Once the identity is set up and verified, an analytics platform gives users the ability to track exactly which organizations can see what part of his or her identity and which terms of service one has agreed to. Instead, CTO Mike Robinson said the company wants to be able to charge for its services to help customers build new products that depend on more advanced identity control.
To do that, the various efforts inside Deloitte need to be coordinated and standardized to ensure the maximum efficiency, he said. While it is unlikely that such competitors will ever lay down their respective efforts, there is reason to believe the ecosystem as a whole might benefit from increased cooperation. The open-source model can help ensure that the best capability and uniquely qualified minds required can be brought to bear on the project. Image via Deloitte; Shutterstock.
How To. Smart Identity Currently, the Smart Identity platform consists of three main components: individual identity-creation, institutional identity creation and analytics. Share 0. But with the advent of distributed ledger technologies, that power is on the precipice of being offerred to the people by private companies for the first time. Deloitte has yet to settle on the details of the exact open-source license under which Smart Identity will be handed over, but Robinson says "the goal is to make this very free and easy to use.
While Deloitte makes the final decisions on the license, no code has yet been released to the Smart Identity Github page. Currently, the Smart Identity platform consists of three main components: individual identity-creation, institutional identity creation and analytics. In a demo of the product, the user receives three separate key-pairs at login. Each gives the user access to the service in various ways. The sign in key-pair, for example, allows users future access to the platform, while the encryption key-pair lets the user receive information and a final ethereum account key-pair lets the user write smart contracts.
The identity itself is then created by populating fields in an existing ethereum smart contract with any number of attributes. Such attributes could be a birth certificate, a drivers license or a passport. Then, a hash of that smart contract serves as the user's identification. The terms of the smart contract give institutions the ability to track points on a license, or rescind the license altogether if too many points accumulate.
Individual users, on the other hand, could be informed if a license being rescinded might impact his or her ability to hold a bank account using it to verify identity. Currently, the entire smart contract is hashed, resulting in a less personalized solution than UK blockchain lead Alexander Shelkovnikov hopes Deloitte will be able to offer in the future.
In later incarnations, each individual field will be hashed giving users a way to turn up and turn down identity information much like one might adjust the volume. Once the identity is set up and verified, an analytics platform gives users the ability to track exactly which organizations can see what part of his or her identity and which terms of service one has agreed to. Deloitte's UK team first identified blockchain identity as a potentially valuable service in early January of this year.
Next article Binance's report on stablecoins, Facebook and Samsung. Kickstarting Streamr Governance. The biggest and long-anticipated update for will be the planned introduction of Phase 1 and integration of PoS and shard chains expected in Q4. Pin it 0. We use cookies to make sure you can have the best experience on our site.
Recent Posts
Sign in here. We have placed cookies on your device to help make this website better. You can adjust your cookie settings , otherwise we'll assume you're okay to continue.
Deloitte opens Ethereum based identity platform to developers. Recommended Posts. Posted November 9, KarmaCoverage , T and rippleric Like Loading Link to post Share on other sites.
JoelKatz 8, Posted November 9, And I got to meet Marshawn Lynch. Guest Dizer Posted November 10, Posted November 10, JoelKatz 8, Posted November 10, Mercury 5, Posted November 10, I also know far about shoes then I thought possible.
The first of these products to incorporate the identity system will be the Attest Wallet. The Attest Wallet is a blockchain based cryptographically secured identity storage system that functions similarly to a crypto wallet. The major difference here is that instead of storing cryptocurrency, the Attest Wallet acts as a platform for securely storing identity data. It will enable its users to manage digital versions of business, government or other forms of physical IDs in one place, and will give the user access and control over this information.
The second Attest product using the blockchain identity management system is Attest Enterprise. This solution utilizes dual Application Programming Interfaces API to facilitate identity verification processes and authorize third-party management of data.
Attest blockchain identity management solution will be very useful for governments and its citizens and will provide necessary process enhancements when it comes to identity authentication. Bitcoin BTC. Ethereum ETH. Litecoin LTC. Adoption Blockchain Blockchain Government Security.
Create an account or sign in to comment
Federico Izzi - 11 Feb We use cookies to make sure you can have the best experience on our site. If you continue to use this site we will assume that you are happy with it. Prev Next. All Fintech. Listen this article. Next article Binance's report on stablecoins, Facebook and Samsung.
Stefano Cavalli. Related posts More from author. The Cryptonomist Italia. The identity itself is then created by populating fields in an existing ethereum smart contract with any number of attributes. Such attributes could be a birth certificate, a drivers license or a passport.
The terms of the smart contract give institutions the ability to track points on a license, or rescind the license altogether if too many points accumulate. Individual users, on the other hand, could be informed if a license being rescinded might impact his or her ability to hold a bank account using it to verify identity.
Currently, the entire smart contract is hashed, resulting in a less personalized solution than UK blockchain lead Alexander Shelkovnikov hopes Deloitte will be able to offer in the future. In later incarnations, each individual field will be hashed giving users a way to turn up and turn down identity information much like one might adjust the volume.
Once the identity is set up and verified, an analytics platform gives users the ability to track exactly which organizations can see what part of his or her identity and which terms of service one has agreed to. Instead, CTO Mike Robinson said the company wants to be able to charge for its services to help customers build new products that depend on more advanced identity control.
To do that, the various efforts inside Deloitte need to be coordinated and standardized to ensure the maximum efficiency, he said. While it is unlikely that such competitors will ever lay down their respective efforts, there is reason to believe the ecosystem as a whole might benefit from increased cooperation.
The open-source model can help ensure that the best capability and uniquely qualified minds required can be brought to bear on the project. Image via Deloitte; Shutterstock. How To.
Smart Identity Currently, the Smart Identity platform consists of three main components: individual identity-creation, institutional identity creation and analytics.
Share 0.
Deloitte and Attest to Provide Blockchain Identity Management System for Governments
The Cryptonomist Italia. The open-source model can help ensure that the best capability and uniquely qualified minds required can be brought to bear on the project. Important Information We have placed cookies on your device to help make blockchain website better. Additionally, deloitte an effort to help accelerate the adoption of blockchain technology, Deloitte EMEA Blockchain Lab was recently developers. Building on platform Deloitte's Identity team first identified ethereum identity as a potentially valuable service in early January of this year. Tweet opens. Followers 0.
VeChain will still be used for certain customers who have different needs and use cases. Do you already have some sneakers with a blockchain identity living on the blockchain JoelKatz? The Attest wallet will reportedly enable users to store digital versions of government and business IDs in one place and identity access to stored information. This is a very sensitive topic for decentralized exchanges in particular; therefore, deloitte opens ethereum identity platform to blockchain developers, sooner or later a big player will come here to offer a completely new approach to identity management. Once the identity is set up and verified, an analytics platform gives users deloitte ability developers track exactly which organizations can see what part of his or her identity and which terms platform service one has agreed to. Ethereum with the advent of distributed ledger technologies, that power is on the precipice of being offerred to the people by private companies for the opens time.