Ryan Shea & Muneeb Ali: Bringing Decentralization to Identity with Blockchain ID and Onename

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A brilliant fact about crypto-economic blockchains is that they enable the construction of naming systems that transcend limits imposed by Zooko’s triangle. Traditional naming systems such as human names, Domain Name System (DNS) and Facebook profile names are subject to Zooko’s triangle and cannot be secure, human memorable and decentralised at once. For instance human names such as Meher Roy are human-memorable and decentralised but not secure (nothing prevents hundreds of people being called Meher Roy). Domain Names like https://epicenterbitcoin.com are secure and human-memorable but require a central authority to hand out names.

OneName leverages Bitcoin to build a Global Identification system called blockchain ID. Blockchain IDs for users can be associated with real world identity data such as social media profiles, government issued papers etc. In this episode we converse with Ryan Shea and Muneeb Ali, co-founders and leaders of OneName, Blockstore and BlockStack. They explain the rationale and vision behind their push for a Global Decentralised Identification and Verification system.

Topics covered include:

– Zooko’s triangle and how Bitcoin breaks the triangle
– The general idea behind blockchain ID, how it works and its component transactions
– Why OneName migrated their blockchain ID system from the Namecoin to the Bitcoin blockchain
– Technical design of Blockstore and how it enables decentralised storage and association of large datasets to blockchain IDs
– Vision and use cases for Decentralised Identity, authentication and identity verification.
– The notion of Probabilistic Identity

Links mentioned in this episode:

– Intentional Naming System: http://bit.ly/1MxxtXP
– Zooko’s triangle: http://bit.ly/1khi2wg
– Why Onename is Migrating to the Bitcoin Blockchain: http://bit.ly/1Lw8Zy5
– Blockchain ID: http://bit.ly/1Nj9OgC
– Organization of Schemas: http://bit.ly/1y6szdQ
– Blockstack: http://bit.ly/1LiRfsf
– BlockStore: http://bit.ly/1Mxxx9V

About Richard Kastelein

Founder, Publisher and Editor in Chief of Blockchain News and co-founder and director at Blockchain Partners in London/Amsterdam/NYC, Richard Kastelein is also an advisor with a number Blockchain startups doing ICOs including DECENT.ch, Inchain, Humaniq, Chronobank, eGaas and others.

He is regarded as one of the top journalists by the Blockchain and fintech communities – as is evident by his entry in the Top 150 Fintech journalists online and in the top 10 of the Blockchain Top 100 List. As a prominent keynote presenter, he has spoken on Blockchain at events in Gdansk, Amsterdam, Minsk, Dubai, Antwerp, Eindhoven etc, where he helped spread the cause for Blockchain technology and crypto-currency and, consequently, has built a notable network inthe scene.

In 2013, the European Commission appointed him as an expert for overseeing financing for emerging startups as a part of the European Commission’s 90 billion euro Horizon 2020 project, created in Brussels to promote innovation as a driving force of job creation and business ventures across Europe. He has also worked as an external expert for Innovate UK since 2012, judging startups for the UK government.

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