Thursday, 28 July 2016

Blockchain Can Bring the Unbanked into the Global Economy | Bank Think

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A cryptography-protected ID, accessed by a unique combination of private and public keys and verified with biometrics, also has the potential to allow users to control their own data, deciding how much of it to share. It is also conceivable that unbanked refugees might rely on the blockchain to be issued an ID so that they can begin their lives anew, free from the threat of a corrupt government subverting their rights.

From Blockchain Can Bring the Unbanked into the Global Economy | Bank Think

I think it probably doesn’t, but that’s a matter of opinion, obviously. I think it is more likely that shared ledgers might be a repository of virtual identities (i.e., bundles of credentials).

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