We all know the blockchain space is well-hyped, and many companies use that hype to their advantage.
Our mission at Disruptor Daily is to drive the adoption of blockchain technology, and to do that, we’re highlighting those companies that are truly leveraging the blockchain for all its potential.
To help recognize the companies out there developing practical use cases for the identity management industry, we are excited to announce our first annual Blockchain Identity Management Use Case Award!
Here’s how the awards will work:
Our readers have nominated the companies below and until October 11th, you will now have the chance to vote for your favorite use case!
This is your opportunity to vote for the companies you feel have the most practical blockchain use case for the identity management industry.
In order to be an eligible voter, please follow the steps below:
Step 1: Carefully review the use cases below and vote for the one you feel could have the biggest impact.
Step 2: Cast your vote.
Step 3: Share this page and encourage others to vote!
*To maintain the integrity of the awards series, ALL votes must be linked to a LinkedIn page. We will manually review each vote and ensure there is a legitimate LinkedIn profile associated with the name. All votes that do not pass this test will be discarded*
Identity challenges create many security and usability problems for both individuals and organizations. Today, an identity is not owned by the user, but rather by the party that can collect the most information. This results in an unlimited number of attack vectors against users since their data is stored in disparate databases and other locations. A new method of creating and storing identities is needed to mitigate the risks associated with identity exposure and lack of visibility into identity usage. One Kosmos (1Kosmos) addresses these problems with several innovative approaches.
- It is the user (consumer) who enrolls his/her identity directly
- As they do so, BlockID has mechanisms to ‘proof’ or ‘verify’ that the ID is valid
- The enrolled identity is therefore very strong (Level 3) and it supports highly reliable authentication in multiple settings and use cases.
1Kosmos’ flagship solution, BlockID, is a blockchain-based digital identity store. BlockID provides a secure, inter-operable digital identity with the ability to proof and verify users based on the NIST 800-63 Level 3 standard. The solution is an effective form of derived personal identity verification (PIV) that can be leveraged to augment / replace existing processes for identity verification and authentication of a user.
By deploying the BlockID solution, commercial entities and government agencies will be able to provide users with state-of-the-art digital proofing techniques and end users will have control over their personal data, including how and when it is used. It includes native biometrics to verify voice, face and fingerprint and can seamlessly integrate with existing authentication systems via industry standards. It is the only platform that combines proofing, authentication and biometric-based authorization on top of a blockchain ledger.
Authoreon provides identity verification services that are powered by blockchain technology. Users can verify, authorize, authenticate or certify an asset or identity through the Authoreon platform.
The ability to store and share information digitally offers many benefits. However, alongside the advantages of cost-savings and convenience, a new set of concerns has developed. The ability to copy and share data has raised questions about the security of personal data, especially as it relates to identity. A lot of industries rely on a system of knowledge-based authentication, where an assumption is made that an individual is the only person who knows about and has access to information about themselves. The problem with this assumption is that anyone who has access to enough information about a person can simply impersonate them online. To solve this issue, a new system is needed, where an added layer of biometric security is added to the verification process, but without the risk of hacking. Currently, there are very few cases where companies require reliable proof that links the information to the physical person.
Civic’s goal is to give everyone a digital identity that they own and control because the company believes that people will make better choices in protecting their identity when they have more control over their personal data. With that in mind, Civic has created a digital identity that is accurate, reusable, and protected by high-level encryption and biometrics, which goes beyond knowledge-based authentication by adding a biometric layer of security, proving that the identity belongs to a physical person. This re-invented authentication enables safer payments and other transactions. Once identification documentation has been verified and physical presence is detected via advanced AI technology, Civic writes attestations to this data to the blockchain, which can then be verified by requestors, who are typically facilitating a transaction with the user.
Civic has implemented this more secure identity authentication across several industries. For example, users may purchase age-gated products, such as alcohol, from automated vending machines because Civic technology can prove a user’s age. In another example, Civic offers decentralized KYC technology, which enables businesses to satisfy their KYC requirements. Finally, Civic offers access management controls through Johnson Controls, providing secure visitor management with greater data privacy and protection.
Today’s digital identity is in a state of crisis. Data breaches are becoming the norm, our personal information is sold to the highest bidder, and we’re forced to create and remember unique logins for every site we engage with.
For consumers, this has created a lack of trust in our digital transactions, increasing rates of identity fraud, and an overwhelming sense of privacy invasion.
For businesses, it means increased liability. Corporations have to safeguard troves of customer data, while still collecting enough data to ensure compliance around regulations like Know-Your-Customer and Anti-Money-Laundering. They have to spend time and money authenticating and verifying their customers, and they have to make a difficult choice between frictionless customer experience and greater security.
Evernym is giving consumers control over their online existence. Using blockchain technology and a ledger we purpose-built for self-sovereign identity (Sovrin), we’re giving organizations the ability to issue and verify cryptographically signed digital credentials that individuals can now hold. These credentials (often the digital equivalent of a previously issued paper credential such as a driving license or passport) can be used to prove who they are to anyone, anywhere, and on their own privacy-protecting terms. These credentials can then be verified by trusted authorities and securely shared using zero-knowledge-proofs.
For consumers, it’s like a passport for the digital world, where they can immediately prove who they are, without divulging extraneous information (like proving they’re over a legal age without revealing their DOB). For businesses, it means being able to instantly authenticate your customers, without having to store or protect that data.
Our 40+ customers include large banks, credit unions, governments, NGOs, telcos, healthcare providers, and insurance companies. We are proud to work with and have been funded by the likes of Barclaycard, ATB Financial, The International Federation of the Red Cross, CULedger, the Province of Ontario, and the Department of Homeland Security.
Hu-manity is a legal technology company whose mission aiming to imbue mutual consent back into the exchange of data. Namely, they want to use technology to allow brands to access user data in a way that ultimately produces greater trust in the brand itself through heightened user awareness and objective consent.
At Linum Labs, we create meaningful change in health and identity. We are a global team of developers, entrepreneurs, and change-makers, we are deeply passionate about guiding, teaching and motivating others to create a healthier society. At our core, we aim to build a decentralised future for all by bridging the gap between people and web3 technology.
Linum recently built and implemented a working PoC for the SBB (National Swiss Railway) in Switzerland to provide their railway workers with unique digital identities live on the Ethereum blockchain.
The identities linked to their respective uPort ID’s was then anchored to an identity on the blockchain via their mobile devices. A hash of the worker’s check-in / check-out activities is published to the blockchain so that the internal database can be audited to verify which worker was present and if they were correctly certified to work on that site. The app can also connect to identity systems authorized by city administrations, like Zug ID.
A self-sovereign blockchain-based identity is well-suited for this use case because workers should be able to carry over their identity from one company to another and no specific company should own or manage it. In addition, there are multiple companies and parties issuing certificates.
NewBanking is a Danish RegTech company that owns, develops and operates an identity platform for personal data management. Anyone can create a NewBanking account for free to easily and securely store, manage and share their personal information with companies they trust. Companies and financial institutions on the NewBanking platform can easier and at a lower cost get access to personal information on their customers, as well as perform the identity checks necessary to be fully compliant with the regulatory requirements issued by the authorities.
Nuggets keeps personal and payment information secure, and does away with passwords. Using Nuggets, you can pay, login and verify your identity without having to store your personal and payment data with anyone. Not even Nuggets itself.
Cutting-edge blockchain technology provides the security. While biometric verification (usually a fingerprint) means with Nuggets you never have to remember another password or username.
No other product enables login, payment and identity verification without sharing or storing data. Nuggets is unique in offering decentralised identity, payment, privacy and security as a value-add for existing products.
Nuggets also liberates companies from the burden of trying to manage and secure huge data silos. That removes the biggest challenge facing companies today: cybersecurity.
For consumers, Nuggets makes life simpler, faster and safer. For businesses, it spells the end of costly, damaging data breaches – as well as massively reducing fraud and false positives, and the number of sales lost to complex checkout processes.
Peer Mountain is a decentralized ecosystem for identity verification and compliance processes. The service also allows businesses to store and exchange documents in a way that’s secure and cost-effective through the use of encryption and decentralized data storage.
Procivis is a Swiss data and identity management solution trusted by governments. The crux of their mission is the protection of users’ identities and personal data, both of which are compromised with regularity when protected only by legacy systems.
It's time consuming and annoying to setup a company and a bank account quickly and easily as a customer. Financial institutions are required to go through a robust Know Your Customer (KYC) procedure in order to onboard the client. If a company is high risk (perhaps a crypto company or exchange) they may need to apply at 10's or hundreds of different institutions, and each time, submit the same information in a slightly different format. Once the data is with the FI, the customer doesn't have any control any more.
Using DLT technology, SelfKey allows individuals and companies to ‘one click' KYC and send their data to setup a company, onboard at a bank, or setup an exchange account, among other services. By utilizing a self sovereign identity which empowers the individual to actually own their identity, SelfKey makes financial services signup as easy as ‘one click'. The data goes directly from the user's SelfKey wallet directly to the financial institution, with no middleman. The user has complete control who has access to their data at all times. Alongside the documents, verifiable credentials can also be sent – which are interoperable, machine readable formatted identity attributes, digitally signed and anchored to the blockchain. This futuristic identity management method allows for a minimization of data sharing – preventing over exposure (think of sharing just a verifiable credential that you are over 18, as opposed to your drivers license which also has your address). The product is live since January 2018, is also a non-custodial crypto wallet which is free to use, and can be downloaded at selfkey.org/selfkey-wallet Our latest partner EQI bank (a crypto friendly, regulated bank) will waive their normal $1000 fee for users who signup through the SelfKey wallet.
SpringRole is enabling everyone’s verified professional profile on the Blockchain. It is a decentralized attestation-based professional network platform powered by the blockchain.
SpringRole is the platform where people can view, share, and get attestations on their professional profile, thereby creating a verified resume that they can share and use. The organizations themselves verify a user’s educational qualifications and work experience, which is written directly to the blockchain.
To assess a user’s skill set, SpringRole uses reputation based weighted endorsements that allows users to objectively look at people’s profiles and evaluate their skill level. SpringRole also supports other pieces of the professional ecosystem like job boards, graph search etc. which are enabled via dApps that rely on incentivizing users to use the platform. SpringRole will change professional networking as we know it and will bring online professional identity to the blockchain world.
Velix is a global, decentralized platform for identity verification that is more frictionless than centralized alternatives.Users are given a unique, immutable ID that serves as the basis for all identity verification via the Velix platform.