SecureKey & IBM to develop blockchain-based identity network

posted 4 days ago
IBM and SecureKey Technologies today announced they are working together to enable a new digital identity and attribute sharing network based on IBM Blockchain.

The network will be designed to make it easier for consumers to verify they are who they say they are, in a privacy-enhanced, security-rich and efficient way. When launched later this year, consumers can use the network to instantly verify their identity for services such as new bank accounts, driver's licenses or utilities.

The network is currently in the testing phase in Canada , and once it goes live later in 2017 Canadian consumers will be able to opt-in to the new blockchain-based service using a mobile app.

Network members will be able to control what identifying information they share from trusted credentials to the organizations of their choice, for those organizations to quickly and efficiently validate the consumer's identity and arrange new services.
Tags: blockchain, news