Blockchain Can Bring the Unbanked into the Global Economy

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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Websec Canada: Launching replay attacks against the Wells Fargo Wallet service

xxx This white paper is a shortened version of the actual research. Unfortunately, the exploitation bug is not fixed yet. The company was notified and informed about the issue. However, the bug is not fixable (at the moment). From Websec Canada: Launching replay attacks against the Wells Fargo Wallet service . xxx

There is no excuse for not taking cards

So we went to the pub. For lunch. Seven of us. Say £20 per head. £100+ quid. Say £50 quid gross for the pub. Colleague goes to order food and drinks and pay at the bar. Apologetic barmaid comes over to explain that their “card machine” is down, so she can only accept cash. Under normal circumstances I would have simply walked out, feeling it wholly inappropriate to reward such a poorly managed establishment and, as a functioning actor in a capitalist economy, done my duty to depress their lunchtime takings. Here’s what we wanted to say: This is absurd. This is 2016 not 1916. Your card machine is down? Well, so what! Are you seriously telling me that mein host has no mobile phone number capable of registering for PingIt or PayM? That none of the staff or the pub itself have a PayPal account that I can send the money to? That neither the owners nor managers not contingency planners thought to tuck an iZettle behind the bar to use when the clunky and expensive GPRS terminal fails for o...

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