ConsenSys, Microsoft, and Blockstack Labs To Build Open Source Blockchain-based Identity System

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to work with developers around the world to create an open-source, self-sovereign, blockchain-based identity system. We intend for this system to be usable to address the human rights crimes exacerbated by lack of legal identification.

This collaboration was solidified at the ID2020 conference, hellcat the United Nations last week in New York, where UN members, private companies, and government agencies co-convened to define the problem of identity in the world. The goal of ID2020 is to have a legal identity for every person without the need for identification by 2020. Some sobering statistics from the ID2020 conference to consider:

  • 1.5B people, representing ⅕ of the world’s population, do not have proper legal identification
  • Human trafficking accounts for a black market of $50M USD annually

  • 1 of 3 known victims of human trafficking are children under the age of 5

Christian Lundkvist, lead software architect of uPort noted:

“I’m very excited about this collaboration, which promises to radically expand the reach and user base of self-sovereign digital identity systems. With this project we are taking a big step towards empowering people who suffer due to  the lack of identity, as well as streamlining the fragmented identity systems in our modern society.”

Rouven Heck, product manager of uPort relayed:

“The massive increase in the usage of smartphones and the internet, combined with blockchain technology, offers a great opportunity to solve identity issues for everyone. Reliable digital identity and reputation will create trust in the digital world, which will fundamentally change the economy. This collaboration is a great foundation to realize the necessary adoption of these tools, independent of the underlying technologies.”

Sam Cassatt, chief strategy officer of ConsenSys, said:

“This project represents meaningful progress towards accessible, powerful identity for our world. If successful, we will enfranchise a significant portion of the global population that was previously disenfranchised and democratize access to the rapidly evolving global financial system.”

ConsenSys has developed the uPort Identity solution, with integrated support for our reputation system and transactional security system. uPort revolutionizes identity creation and management for potentially 7.4 billion people on the planet.  Self-sovereign identity – the ability to be responsible for your own identity elements – and a tightly integrated persistent and portable reputation system will enable people in developed economies to have greater privacy and control of their identity and assets and people in less developed areas to bootstrap their identities and reputations to become enfranchised in the emerging digital global economy.
 

The tight integration of RepSys, our multifaceted, multi-tiered reputation system, enables people, organizations and objects to attest to the conduct of their counterparties with respect to various kinds of transactions: buying/selling, lending/borrowing/repaying, collaborating on projects, gaming interactions, and data quality and reliability.  uPort serves as a container for reputational attributes like email addresses, Facebook URLs or state issued ID.  Identity providers like governments, banks and IT companies can cryptographically sign such attributes attesting to their validity using “reputational attestations.”  The more than 2 billion people in the world who don’t have state issued ID, can have their community members attest to their personal information. Community members can essentially vouch for each other to enable them to develop and use this bootstrapped persistent and portable reputation to, for example, obtain a micro-loan on a decentralized lending platform and grow a small livelihood from there. For access to financial services offered by financial institutions in different jurisdictions, institutions and users can make use of a KYC tool built on top of uPort and RepSys.

Users of uPort are fully in control of their personal information (expressed as reputational attributes). This encrypted information may be selectively and granularly shared with targeted counterparties when the user deems it to his or her advantage.  

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About Richard Kastelein

Founder, Publisher and Editor in Chief of industry leading online publication, Blockchain News and co-founder and director at Blockchain Partners in London/Amsterdam/NYC. Kastelein is also an advisor with a number Blockchain startups doing ICOs including Humaniq.co where hs is interim CMO, DECENT.ch, Inchain, 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, Bucharest, Nairobi, Tel Aviv, Manchester, Brussels, Barcelona etc, where he helped spread the cause for Blockchain technology and cryptocurrency and, consequently, has built a notable network in the scene.

He’s also a director of a Dutch foundation called The Hackitarians and has run innovation events in London, San Francisco, Berlin, Amsterdam and other cities around the world on topics such Blockchain, Health, Energy, Internet of Things, AI etc.

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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