• Latest
Hyperledger Announces Aries, a Toolkit for Blockchain-Based Identity Management

Hyperledger Announces Aries, a Toolkit for Blockchain-Based Identity Management

May 14, 2019
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Business

Hyperledger Announces Aries, a Toolkit for Blockchain-Based Identity Management

coinnewsdaily by coinnewsdaily
May 14, 2019
in Business
0
Hyperledger Announces Aries, a Toolkit for Blockchain-Based Identity Management
190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022

Everyone has a form of sovereign identity, said Evermym’s Drummond Reed during CoinDesk LIVE on Tuesday.

Reed and Brian Behlendorf, executive director of Hyperledger, were there to launch their new identity management system.

During his talk, Reed tapped his physical wallet full of cards and cash. That, he said, was the equivalent of state-of-the-art when it came to digital identity.

In an effort to bring identity into the 21st century, the pair have just launched a new, open source framework for identity management, Aries.

The framework, the team wrotes, is “not a blockchain and it’s not an application.” Instead, it is a method to build interoperable and verifiable credentials for secure communication.

The surveillance economy

Reed believes we are “mainlining the surveillance economy” when we login with Twitter, Facebook, and even email.

“With DID and Aries based logins there’s no one in the middle. It’s just you and your private keys,” he said.

Reed said the Hyperledger‘s tools are already being used to build government identity projects. One project, called the Verifiable Organizations Network, is the first public permissioned production ledger for self-sovereign identity.

“They’ve issued over 10 million business credentials already,” Behlendorf said. “The business owner is the pivot point in how they engage with government agencies. If you’re a restaurant owner in Vancouver you want to get licensed to serve food that’s a local government thing, you want a license to serve alcohol and that’s a Canada thing, you want a pay taxes,” said Behlendorf. “All these involve exchanging permits and credentials. If you had to wait for all those governments to integrate all those systems you’d be waiting forever.”

With self-sovereign identity tools like Aires you reduce the time it takes to spin up identity systems. That, he said, is a good thing.

The product includes:

  • A blockchain interface layer (known as a resolver) for creating and signing blockchain transactions.
  • A cryptographic wallet for secure storage (the secure storage tech, not a UI) of cryptographic secrets and other information used to build blockchain clients.
  • An encrypted messaging system for off-ledger interactions between clients using multiple transport protocols.
  • An implementation of ZKP-capable W3C verifiable credentials using the ZKP primitives found in Ursa.
  • An implementation of the Decentralized Key Management System (DKMS) specification currently being incubated in Hyperledger Indy.
  • A mechanism to build higher-level protocols and API-like use cases based on the secure messaging functionality described earlier.

The project is an offshoot of two other Hyperledger efforts: Indy for identity management and Ursa for security.

The code will be available on GitHub once the project gets rolling. And with luck, according to Reed, the initiative will help do away with paper IDs entirely over the next two years.

Ram image by Hazel Clifton on Unsplash. Other images courtesty of startup.

Credit: Source link

Tags: all those systemsBusinessCryptoCrypto Businesshigher-level protocolss toolsself-sovereign identity toolstransport protocols
Share76Tweet48
Previous Post

XRP Hits Rapid Milestone of $40 Following Stock Exchange Confirmation of XRP Based ETN

Next Post

Facebook Hires Two of Coinbase’s Former Compliance Managers

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

ygg sea surpasses 10,000 scholarships in just six months of launch
Alt Coin

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin
Alt Coin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications
Alt Coin

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin
Alt Coin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
what are wrapped tokens?
Bitcoin

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?
Alt Coin

What is the future of Ethereum (ETH)?

April 22, 2022
Load More
Next Post
Facebook Blockchain Job Openings Top 20 Amid Staffing Spree

Facebook Hires Two of Coinbase's Former Compliance Managers

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin

Subscribe to Get More!

Loading
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$23,580.00-2.28%
  • ethereumEthereum(ETH)$1,648.42-2.31%
  • tetherTether(USDT)$1.00-0.03%
  • binancecoinBNB(BNB)$327.521.89%
  • rippleXRP(XRP)$0.411571-0.98%
  • cardanoCardano(ADA)$0.401770-0.36%
  • dogecoinDogecoin(DOGE)$0.091597-4.21%
  • matic-networkPolygon(MATIC)$1.19-3.67%
  • okbOKB(OKB)$39.69-1.08%
  • solanaSolana(SOL)$24.36-4.89%
  • polkadotPolkadot(DOT)$6.570.18%
  • litecoinLitecoin(LTC)$99.80-1.65%
  • shiba-inuShiba Inu(SHIB)$0.0000120.36%
  • tronTRON(TRX)$0.0642960.74%
  • daiDai(DAI)$1.000.07%
  • cosmosCosmos Hub(ATOM)$14.51-3.15%
  • chainlinkChainlink(LINK)$7.14-2.33%
  • ethereum-classicEthereum Classic(ETC)$22.810.58%
  • moneroMonero(XMR)$174.40-2.90%
  • leo-tokenLEO Token(LEO)$3.360.14%
  • bitcoin-cashBitcoin Cash(BCH)$137.77-0.09%
  • stellarStellar(XLM)$0.092221-1.06%
  • filecoinFilecoin(FIL)$5.49-3.94%
  • crypto-com-chainCronos(CRO)$0.080708-1.98%
  • algorandAlgorand(ALGO)$0.2578490.18%
  • vechainVeChain(VET)$0.024372-2.81%
  • internet-computerInternet Computer(ICP)$5.82-3.81%
  • aaveAave(AAVE)$88.45-3.60%
  • eosEOS(EOS)$1.08-1.64%
  • elrond-erd-2MultiversX(EGLD)$44.900.68%
  • theta-tokenTheta Network(THETA)$1.08-1.72%
  • tezosTezos(XTZ)$1.10-1.33%
  • huobi-tokenHuobi(HT)$5.8813.13%
  • paxos-standardPax Dollar(USDP)$0.99-0.48%
  • bitcoin-cash-svBitcoin SV(BSV)$42.93-2.10%
  • havvenSynthetix Network(SNX)$2.49-5.41%
  • dashDash(DASH)$63.02-1.31%
  • pancakeswap-tokenPancakeSwap(CAKE)$4.170.09%
  • iotaIOTA(MIOTA)$0.234459-1.20%
  • neoNEO(NEO)$8.822.72%
  • makerMaker(MKR)$672.42-0.69%
  • zcashZcash(ZEC)$45.95-3.95%
  • zilliqaZilliqa(ZIL)$0.028926-0.12%
  • basic-attention-tokenBasic Attention(BAT)$0.268733-1.82%
  • compound-governance-tokenCompound(COMP)$52.98-6.33%
  • nemNEM(XEM)$0.0402220.90%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • kusamaKusama(KSM)$37.110.75%
  • bitcoin-goldBitcoin Gold(BTG)$16.87-4.16%
  • sushiSushi(SUSHI)$1.5214.53%
  • qtumQtum(QTUM)$2.74-1.76%
  • wavesWaves(WAVES)$2.58-2.51%
  • ftx-tokenFTX(FTT)$1.89-21.50%
  • yearn-financeyearn.finance(YFI)$7,695.460.52%
  • golemGolem(GLM)$0.2473160.62%
  • omisegoOMG Network(OMG)$1.48-0.82%
  • ontologyOntology(ONT)$0.214778-1.72%
  • digibyteDigiByte(DGB)$0.010907-2.62%
  • umaUMA(UMA)$2.08-1.21%
  • ethlendAave [OLD](LEND)$0.53-3.08%
  • UniswapUniswap(UNI)$2.4438.80%