Evernym blockchain
The Illinois Blockchain Initiative announced its partnership with self-sovereign identity solutions leader Evernym, leveraging distributed ledger technology to provide secure digital identity solutions. A self-sovereign identity can be efficiently and securely validated by entities who require it, free from reliance on a centralized repository. Government has an important role to play in the development of any digital identity ecosystem. Identity is not only foundational to nearly every government service, but is the basis for trust and legitimacy in the public sector. Permission to view or share each of these government-verified claims is stored on the tamper-proof distributed ledger protocol in the form of a decentralized identifier.
We are searching data for your request:
Upon completion, a link will appear to access the found materials.
Content:
- LG CNS Partners Evernym to Develop Blockchain-Powered Identity System
- Evernym Open Sourcing Project
- Evernym to work with Red Cross on Digital Identity
- More Videos
- Avast Acquires Self-Sovereign Identity Firm Evernym for Undisclosed Amount
- State of Illinois Partners with Evernym to Launch Birth Registration Pilot
- Identifying the consumers of tomorrow
LG CNS Partners Evernym to Develop Blockchain-Powered Identity System
The two players recently executed a proof-of-concept simulating a regulatory filing, secured by a verifiable credential rooted on the Sovrin Network, an open source project for a global public utility for self-sovereign identity.
The LEI Issuer issues the verifiable credential to the legal entity, which uses this credential to issue verifiable credentials to its employees, which identify the official roles they play in the legal entity.
The concept of leveraging the LEI in organization wallets could potentially deliver an unprecedented level of transparency on key organizational roles, with verifiable credentials issued by legal entities incorporated into the Global LEI Index, without the inclusion of personally identifiable information. Open access to the list of digital role credentials registered by legal entities in the Global LEI System could be of significant value for LEI data users worldwide, who could look up the published list of official roles that have been issued by a legal entity.
By partnering with Evernym, we have extended the idea of self-sovereign identity beyond individuals to legal entities for the first time.
These credentials are not only strongly verifiable and transparent, but they can be updated or revoked at any time. Trust is delivered by the decentralized identity management process that eliminates a single point of failure while at the same time ensuring data privacy. Find out more. Screening for adverse media coverage of counterparties presents an incredible opportunity for financial institutions to limit risk exposures and identify bad actors early.
Initial uses of the platform are day-to-day regulatory reporting, management of the interest rate risk of the banking book IRRBB , and management of market risk-related capital requirements linked to Fundamental Review of The Trading Book FRTB regulation. The bank will also implement the platform Read More. This summit will explore challenges around assembling and evaluating ESG data for reporting and the impact of regulatory measures and industry collaboration on transparency and standardisation efforts.
Expert speakers will address how the evolving market infrastructure is developing and the role of new technologies and alternative data in improving insight and filling data gaps.
It includes extensive coverage of all elements of ESG, from an initial definition and why ESG is important, to existing and emerging regulations, data challenges Events Awards People Podcasts Videos. Browse by Category. Twitter ateaminsight regtechinsight tradingtechins datamgmtinsight esginsight.
Subscribe to our newsletter. Data Management Insight. Related content webinars Upcoming Webinar: How to optimise the business value of your data using agile data governance Find out more.
WEBINAR Recorded Webinar: Adverse media screening — how to cut exposure to criminal activity, from money laundering to human trafficking Screening for adverse media coverage of counterparties presents an incredible opportunity for financial institutions to limit risk exposures and identify bad actors early.
Evernym Open Sourcing Project
Evernym : Judd Bagley, Judd. With MyCUID, credit union members can confidently protect themselves from financial fraud and identity theft, while enriching the trusted relationships members have with their credit unions. MyCUID uses a person-to-person network of distributed, private agents working in parallel with the distributed ledger to give credit union members a lifetime portable digital identity that does not depend on any central authority and can never be taken away. By enabling selective disclosure, identity owners can control how much data is shared in a particular context. Evernym leverages the Sovrin Network — the only distributed ledger purpose-built for identity — to develop technologies that allow any individual, organization or connected device to establish and maintain a digital identity that is permanent, portable, privacy-enhancing and completely secure. This is bound to have a profound impact on the financial lives of a great many consumers.
Evernym to work with Red Cross on Digital Identity
Evernym will leverage the Sovrin Network -- the only distributed ledger purpose-built for identity — to develop technologies that allow any individual, organization or connected device to establish and maintain a digital identity that is permanent, portable, privacy-enhancing and completely secure. This is bound to have a profound impact on the financial lives of a great many consumers. Community Banking. Credit unions. Log In. Follow Us In Real Time twitter facebook linkedin. Tags Distributed ledger technology Fraud prevention. By Palash Ghosh February 26, , p. EST 1 Min Read.
More Videos
At Evernym, we have a history of open sourcing our work. Until now, we have kept the top layer of our SSI architecture proprietary. We want to encourage anyone to develop SSI solutions. For this reason, we have used our ESSIF-Lab grant to convert our proprietary software into repositories covered by a business source license, which itself will convert to an open-source Apache 2. This enables anyone to use and develop on our code, with all non-production use permitted as well as production use up to a limit.
Avast Acquires Self-Sovereign Identity Firm Evernym for Undisclosed Amount
Creative minds at tZERO are working on new technology that allows the trade of security tokens in an easy, compliant, and user-friendly manner. Visit tZERO. Bitt makes online money transfers simple with payment systems that promote social inclusion, financial empowerment and economic growth for this and future generations. Visit bitt. Medici Land Governance is using blockchain and other technologies to bring property ownership information to light and connect it to the global economy.
State of Illinois Partners with Evernym to Launch Birth Registration Pilot
Avast snaps up self-sovereign identity pioneer to bolster digital freedom vision and service delivery. The US company was instrumental to the invention of self-sovereign identity, with leading contributions from their Chief Trust Officer, Drummond Reed, and others in the company working within the industry standards community. This work has enabled the development of innovative products and services based on decentralized digital credentials, leading to a more trustworthy online experience. The result is that identity theft, online fraud and account takeovers are growing rapidly, as does mass-scale digital tracking and surveillance. Our vision for digital freedom is to enable people to manage and retain control over their personal data so that they can interact and transact safely, privately and with confidence. Decentralized digital identities are a key component of that vision. In a self-sovereign or decentralized identity model, the individual retains all of their data and chooses what data they consent to share in any transaction and who they share it with, removing the need for passwords, individual accounts, and other traditional tools which are vulnerable to being hacked, phished, and intercepted. This protects their data from being monetized by third parties, compromised in a breach, or abused for analytics.
Identifying the consumers of tomorrow
We use cookies and other tracking technologies to improve your browsing experience on our site, show personalized content and targeted ads, analyze site traffic, and understand where our audiences come from. To learn more or opt-out, read our Cookie Policy. Last week, Byrne divested almost 5 million shares of stock in the company he remade in the s, and then Overstock Chief Financial Officer Greg Iverson resigned.
Evernym is a software company that develops an open source sovereign identity block chain. It features a turnkey solution for hosting and managing sovrin nodes, trust anchor for creating identities for organizations, messaging stack for secure data exchange, API suite and GUI tools for issuing and verifying digital credentials, and interoperating with other distributed ledgers. In , the company launched Sovrin, a platform and identity network helping organizations store and verify digital credentials. In , Korean tech company LG CNS announced a collaboration with Evernym to develop an international ID card system to make a blockchain-based authentication system with the ability to substitute driver licenses and passports.
The round had closed earlier in September, with Evernym raising funds from Medici Ventures in order to realise its product. Medici Ventures is a fully owned subsidiary of Overstock. It invests and raises funds for blockchain technology and the firms involved with the technology. Evernym joins FinClusive and Netki as other identity-focused portfolio companies for Medici Ventures. Steve Havas, the president of Evernym, said that the firm has been used by more than 40 pilot projects or proof of concept PoC as of now, and continues to actualize the data self-sovereignty. He added:.
Great content about Digital Identity. Tykn has received an investment of 1. Winning Daniel Hardman is one of those inevitable names that come up whenever Self-Sovereign Identity is mentioned.
And it doesn't happen like that))))
Super class !!!
I'm not so unhappy