Share with:
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
- A2B Direct to Launch a Blockchain Platform and Hold an ICO - June 24, 2017
- The ‘under the radar’ ICO, Populous. A platform tackling the Multi-Trillion Dollar international billings industry. - June 23, 2017
- Blockchain Startup TrueFlip Reinvents Business with 600 Year Long History of Fails - June 23, 2017
- EXMO exchange lists WAVES Blockchain Project - June 23, 2017
- Blockchain Startup DECENT Launch Date Announced - June 23, 2017
- Adex, A Decentralized Ad Network, Taps WINGS Platform For Community Engagement, Token Sale Value Discovery And Social Promotion - June 23, 2017
- Comcast’s Advanced Advertising Group And Participants Announce Blockchain-based Technology Platform - June 22, 2017
- Online Platform for Gamers to Release a Cryptocurrency for In-game Skins Trading; Launches an ICO - June 22, 2017
- Colu Launches Digital “Local Pound, East London” Currency to Empower Local Economies - June 21, 2017
- bitJob.io is Building a Student Employment Program on the Ethereum Blockchain – Launching ICO - June 21, 2017
- Blockchain Project Waves launches landmark USD gateway - June 21, 2017
- Status.im Raises $270m in Three Hours – Shattering Token Raise Record - June 21, 2017
- World’s First Mobile Data Exchange DENT Seeks to Disrupt Telco Market with Blockchain - June 20, 2017
- Financial Inclusion Company Everex Takes Home RemTECH Award For Ethereum Apps - June 18, 2017
- SONM Raises $42 Million in Token Raise - June 18, 2017
- WISeKey partners with the Blockchain Interface company RIDDLE&CODE to develop innovative solutions for securing IoT via Blockchain technology and crypto-hardware - June 17, 2017
- Bancor Announces $153 Million Raise, Largest Token Generation Event in History - June 17, 2017
- CORION Announces Final Coin Sale Details to Build its Revolutionary Platform & Stable-Rate Currency - June 17, 2017
- Enhancing the value of history with ZenDao – ICO announcement - June 16, 2017
- FunFair Announces Token Creation Event on June 22 for World’s Fastest Blockchain Casino Platform - June 15, 2017
- Blockchain Technology Venture Nimiq Announces Token Sale - June 14, 2017
- Outlier Ventures Makes Multi-Million Dollar Investment in Distributed IoT Marketplace ‘IOTA’ Through Major Token Purchase - June 14, 2017
- Bancor Token Allocation Event Smashes Record – Raises over $150 Million - June 13, 2017
- Consensys Introduces Omega One - June 12, 2017
- MetaX and DMA Join Forces to Launch adChain: a Blockchain Solution to Digital Advertising Fraud - June 12, 2017
- Aeternity Raises $24 million Over Phase Two of Token Sale - June 12, 2017
- HyperChain Capital announces Collaboration and Investment in CoinDash - June 12, 2017
- Community-Driven Cryptocurrency Credits Announces First Public Release - June 12, 2017
- Bancor Protocol Foundation Announces New Partners Before Upcoming Token Allocation Event - June 12, 2017
- Investors from Russia are launching a venture fund formed on blockchain - June 12, 2017
- Bancor Adds Heavyweight Advisory Team to their Foundation – Token Allocation Event Kicks off Today - June 12, 2017
- Bancor Protocol Foundation Adds Author and Euro Designer Bernard Lietaer as Chief Monetary Architect - June 10, 2017
- Russian Billionaire Announces Business Incubator on Waves Platform - June 9, 2017
- Bancor Launches Crowdfunding Valuation And Promotion Via Wings Dao On Ethereum - June 9, 2017
- Coinsilium invests in Indorse.io Decentralised Professional Network - June 8, 2017
- Cofound.it Breaks Pre-Sale Record, Selling Out With Priority Pass Before Public Token Sale - June 7, 2017
- Cofound.it Token Pre-Sale Reaches $5 Million Threshold Within Three Hours, Announces First Three Projects - June 5, 2017
- Blockchain Startup DECENT Testnet #2 Launched! - June 4, 2017
- Blockchain Challenge Dubai Announces Winners- Awarded $45,000 - June 4, 2017
- Waves Ceo Sasha Ivanov: Blockchain Will Lead To Rapid Progress Not Only In State Administration, But Also In Business - June 4, 2017
- Exscudo ICO Successfully Concluded – $5M Dollars Raised - June 1, 2017
- Aventus launches Ethereum-based Event Ticketing Solution - June 1, 2017
- Brave Token Sale Blasts Records With $35 Million in 30 Seconds - June 1, 2017
- Japanese Blockchain Startup releases VALU – Social Media Value That Can Be Traded - May 31, 2017
- MetaX and ConsenSys Announce adToken Sale June 26, 2017 - May 31, 2017
- Blockchain Indy Production Start Up to make a TV Series about the Bitcoin Revolution. Fans invest to help tell the story! - May 31, 2017
- Chat Platform Kik to Integrate Kin Token as First Mainstream Adoption of Cryptocurrency - May 31, 2017
- VPN Blockchain Startup Mysterium Network Raises 68,629 ETH ($14,358,975 USD) in under 45 minutes - May 30, 2017
- XinFin Introduces Blockchain-based Institutional Financing Marketplace Alongside Pre-ICO Token Sale - May 30, 2017
- European Energy Companies to Test Peer-to-Peer Trading Over The Blockchain - May 30, 2017
