ShoCard and BlockCypher Team Up to Provide Identity Management Solution for Blockchains

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BlockCypher and Shocard have partnered to provide the market’s first identity management solution that scales across public and permissioned Blockchains.

Identity management challenges have increased dramatically as rising attacks on centralized identity databases give hackers almost unfettered access to millions of user records. Multiple companies within the same industry duplicate expensive efforts to maintain identity information for operational purposes, audits, and regulatory compliance. These efforts cost banks, healthcare companies, and government organizations hundreds of millions of dollars a year in manual labor and redundant systems.

“Increasing security costs, the pervasive use of social security numbers as universal identifiers, and the fact that policy is often multiple steps behind criminals leads to an identity crisis that screams for a new way of protecting identity,” says Catheryne Nicholson, CEO of BlockCypher.

As a consequence, government agencies, financial institutions, healthcare providers, airlines, and travel companies are all investigating how Blockchain solutions can address identity management. Public Blockchains like Bitcoin and Ethereum provide the benefits of immutability and transparency in an open and trustless environment. Permissioned Blockchains address access control and the scalability to support thousands of transactions per second.

ShoCard uses BlockCypher, the leading Blockchain Web Services™ (BWS) company, to provide identity solutions on a combination of public and permissioned Blockchains that can be integrated with existing company systems. ShoCard provides end users an application to manage and control the visibility of their data using both types of Blockchains. BlockCypher allows companies to switch from one chain to another seamlessly by providing the same APIs across Blockchains.

“It allows enterprises who are not yet ready to adopt a public Blockchain to first deploy a permissioned Blockchain-based identity management solution and then decide whether to move to a public Blockchain,” says Armin Ebrahimi, CEO of Shocard. “The flexibility that BlockCypher gives in connecting multiple Blockchains is critical in providing the transparency, access, and scalability our customers need.”

BlockCypher Identity™ accelerates the development of Blockchain-based identity management applications. BlockCypher Identity™ includes:

  • Address API – generates addresses for identity transactions
  • Data Endpoint – stores encrypted information
  • Identity Wallet API – groups multiple identity addresses together
  • Transaction API – enables publishing transactions to store an identity into a Blockchain
  • Metadata API – adds informative descriptions.

To hear more about use cases for identity management on the Blockchain, please join BlockCypher and Shocard for a webcast on November 1, 2016. Please register here.

BlockCypher is the leading Blockchain Web Services™ company. Their web services enable Blockchain applications to be built easily. BlockCypher takes care of the complexity of building and running Blockchain infrastructure so companies can focus on their business applications. BlockCypher is Blockchain agnostic and runs multiple Blockchains – open and private – on the same infrastructure.

For more information about BlockCypher, visit http://www.blockcypher.com

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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