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Sunday, January 17, 2021
Home Blockchain Video Ryan Shea & Muneeb Ali: Bringing Decentralization to Identity with Blockchain ID...

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

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

Richard Kasteleinhttps://www.the-blockchain.com
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, the Netherlands where he has set down his anchor to raise a family and write. Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications. Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.
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