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Deloitte and Attest Partner To Bring Digital Identity Blockchain Solutions To Government

Deloitte, a multinational professional services network, and Attest, an identity management organization recently partnered to help Government clients with their digital identity challenges. According to the press release published on November 5, 2018, the collaboration will help Government organizations transform their existing systems with blockchain technology. Introducing a Government-Issued Digital Identity According to Wendy Henry, the Managing Director of Deloitte...Read More. The post by Cindy Huynh appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News
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Deloitte ‘Big Four’ Accounting Firm and Attest Crypto Project to Build a Blockchain ID Management System

Deloitte to Partner With Attest to Develop a Blockchain Identity Management System There will be those who will always decry government interference over a persons privacy. After all, America was founded on the embers of a fire lit by the friction between the government of the day and its people. However, in today's time an identity management system will do more good than harm. Well known accounting firm Deloitte has partnered with Attest Inc, an identity management Startup, to develop a blockchain-based digital identity system. This collaboration is intended to create a digital identity for government-compliant identifiers. This will be used by Deloitte’s clientele in conjunction with products offered by Attest. Deloitte Consulting's managing director, Wendy Henry, stated that: “While many companies are looking at using a personal wallet in which the individual has control of their digital identity credential, government must serve the whole of citizens, including those who may not be able to accept the control of their identity credential in a digital form.” These sentiments were echoed by Cab Morris, co-founder and chief executive officer of Attest. He went on to note, “A government-issued digital identity has the potential to reduce costs and risk for businesses in all industries, while also providing citizens with greater security, privacy and control over personal data.” There are plans for two main offerings: Attest Wallet: is intended to be a cryptographically secured identity storage, not dissimilar to a cryptocurrency wallet. It is going to allow users to store a digital version of government and business identifications and allow users control over who can access the said information. Attest Enterprise: This will primarily comprise of two APIs (application programming interface). These will allow the end user to verify their identity and provide consent for third party access as well as to manage their data. A little background information about the Chicago-based Attest. It is an identity management company. Their business helps consumers and businesses with secure transactions on a shared identity platform. This platform will allow the government a convenient yet secure identity service to offers its citizenry; at no or low costs. It will also benefit consumers by allowing them full control over their personal data. Finally, it gives businesses a high level of “trust “with consumer transactions. To the few who are unaware, Deloitte is a behemoth in the field of audit, consulting, tax and advisory services. It provides its servers to almost all the leading brands. The company is partnered with over 85 percent of the Fortune 500 and over 6,000 private companies. In the last few months, Deloitte has been steadily getting more and more involved in the crypto sphere. They announced their collaboration with the Institutes RiskBlock Alliance blockchain consortium. While the alliance will be collaborating with Canadian-based property-casualty and life/annuity insurers, Deloitte will look after the methodology and development of the insurance transaction life cycle, via various blockchain applications. Recently, Deloitte outlined five areas of development that the blockchain technology needs to focus on: It has noted, to enable wider reach, the technology needs to be prepared for the possibility of operations with high gestation periods. The industry needs to seriously address the issue of a lack of standardization. They also highlighted the high level of complexity and the resulted costs of blockchain applications. The uncertainty surrounding the industry in terms of government regulations also corrodes confidence Finally, a clear lack of a collaborative effort amongst various blockchain companies hurts the entire industry. An effort of this scope, undertaken by an established player of this repute is an encouraging sign for the future of the industry.
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Deloitte, Attest Partner To Bring Blockchain Identity Management Solutions To Government Market

Consulting and accounting firm Deloitte has partnered with Chicago-based startup Attest to help government clients solve digital identity challenges. Attest is an identity management company that enables consumers, businesses and governments to securely transact on a shared identity platform. The company allows governments to offer a convenient and secure identity service to citizens at no or with low costs. It also allows consumers to regain control of their digital footprint and unlock the value of their personal data, and businesses to extend “government-grade trust” to all transactions with consumers. Deloitte will be working with Attest to assist government clients with digital identity solutions to help solve for a host of government challenges. The two companies will develop government-compliant identifiers that can be used by Deloitte’s clients based on Attest’s existing products – Attest Wallet and Attest Enterprise. Cab Morris, co-founder and CEO of Attest, said that identity is foundational to nearly every government service and is the basis for trust and legitimacy in the public sector. “Combining government’s robust identity verification infrastructure with a platform engineered for security, privacy and scale can also unlock tremendous value for both citizens and businesses outside of government,” Morris said. “A government-issued digital identity has the potential to reduce costs and risk for businesses in all industries, while also providing citizens with greater security, privacy and control over personal data.” Attest that its wallet service will provide users unparalleled agency, privacy and security when sharing verified personal data with governments and businesses. While Attest Enterprise will provide governments and businesses a complete set of “powerful” authentication, authorization and consent management tools that can be integrated into any system with two simple APIs. Wendy Henry, managing director of Deloitte Consulting LLP and Deloitte’s government and public services blockchain leader, said that the partnership will enable them to help government clients offer solutions using digital identities that better accommodate the needs government has across that wide expanse of abilities. “While many companies are looking at using a personal wallet in which the individual has control of their digital identity credential, government must serve the whole of citizens, including those who may not be able to accept the control of their identity credential in a digital form,” Henry said. According to Deloitte, blockchain offers government organizations an opportunity for true collaboration and transformation. It expects early adopters to see the benefits sooner than most, while establishing themselves as leaders in areas that are likely to grow in importance over time. “Blockchain requires a digital credential and in government, requiring a digital credential gets complicated pretty quickly,” said Marc Mancher, principal, Deloitte Consulting LLP and government and public services practice’s automation service business leader. “Attest brings a set of solutions to help address this issue of digital credentials, making the use of solutions that require that digital identity more appealing technology for government clients.”
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Ruling on XRP’s status as a security unlikely until late 2020

Disclaimer: These summaries are provided for educational purposes only by Stephen Palley. They are not legal advice. These are our opinions only, aren’t authorized by any past, present or future client or employer. Also we might change our minds. We contain multitudes. A consolidated class action in federal court in Oakland may one day lead a court to rule on (1) whether Ripple violated U.S. Securities laws by creating the XRP token and (2) whether XRP is a security. That day will not be in 2019, judging from a scheduling order entered by the Court on March 18. The Order sets forth a schedule for roughly the next twelve months. Here's what's going to happen: By March 20, Plaintiffs will publish a notice under federal law that verifies that they read the complaint, authorized its filing, didn't buy XRP in oder to become plaintiffs, and a number of other things that are set forth in the Private Securities Litigation Reform Act (a law that was passed purportedly to prevent abuses class action practice. [related id=1]In 60 days, any member of the "purported class" can ask the court to be appointed as lead plaintiff and to approve selection of their counsel. This is a big deal from a financial standpoint for the lawyers, because the class lead will almost certainly earn more if there's a favorable result. As a result, you will see some litigation over this in about two months (we had a taste of that in the Tezos class action litigation, if you've followed that case). 45 days after the Court chooses the lead plaintiff, they will file a new complaint, which will replace all of the other complaints that the different plaintiffs filed. (As a reminder, this particular lawsuit consolidates or brings together a bunch of separately filed suits against Ripple). 45 days after the new complaint is filed, Defendants have to respond. Instead of answering, it is a virtual guarantee that they will file motions to dismiss. The parties will have 30 days to reply to the motion. All of the cases are ordered consolidated for pretrial purposes, which means that depositions, written discovery and motions will all be handled in this one case by this particular judge. If we build in time for the Court to rule and for some potential delay in the class rep designation process, it's possible that the Court will rule on Motions to Dismiss by the end of this year. It's also possible that this will role into next year. It's a dicey proposition to speculate on motions that haven't been filed yet, but if we assume that the motion to dismiss is denied -- which is usually the case if a Complaint is reasonably well pleaded -- we'd probably see an answer on file in early 2020. Discovery, class certification motions, and dispositive motions will likely take place in 2020 and 2021. It's possible that when the Court rules on the likely Motion to Dismiss we will see an indication as to whether or not the Court thinks a security is at issue, but Motions to Dismiss generally speaking don't address the merits of a case -- they assume that the facts stated are true for purposes of ruling, and will only look at whether or not a viable claim was pleaded. In short, I wouldn't expect to see a ruling on XRP's status as a security until late 2020 at the earliest.
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IOTA / USD Technical Analysis: Game Changer

IOTA is bullish in the short-term, with the cryptocurrency trading well above its 200-period moving average The medium-term outlook remains bearish for the IOTA / USD pair, with the cryptocurrency still trading below its 200-day moving average Both time frames show potential inverted head and shoulders patterns building IOTA / USD Short-term price analysis In the short-term, IOTA has a bullish trading bias, with the cryptocurrency trading well above its 200-period moving average of the four-hour time frame. The four-hour time frame shows multiple inverted head and shoulders patterns, with price trading close to the neckline of the bullish patterns. If an upside breakout does occur, the larger bullish pattern’s overall bullish objective will likely be the November 15th trading high from last year.     IOTA / USD H4 Chart                                                                         (Source: TradingvView)     Pattern Watch Traders should note the target of the smaller bullish inverted head and shoulders pattern on the four-hour time frame will likely be the current 2019 trading high. MACD Indicator The MACD indicator on the four-hour time frame remains bullish, with the MACD signal line crossing higher. Relative Strength Index The RSI indicator on the four-hour time frame is bullish, although downside pressures are building. IOTA / USD Medium-term price analysis IOTA remains bearish in the medium-term, with the cryptocurrency still unable to move above its key 200-day moving average. The daily time frame clearly shows two potential inverted head and shoulders patterns that could start to take shape over the medium-term. The upside projection of the smaller inverted head and shoulders pattern would take the IOTA / USD pair towards levels not seen since October 2018. Technical indicators on the daily time frame remain bullish and continue to signal further gains ahead.     IOTA / USD Daily Chart                                                 (Source: TradingView)     Pattern Watch It is worth noting that the IOTA / USD pair’s 200-day moving average is located just below the neckline of the smaller inverted head and shoulders pattern. MACD Indicator The MACD indicator on the daily time frame is bullish and generating a buy signal. Relative Strength Index The RSI indicator is bullish on the daily time frame, although it is starting to correct lower. Conclusion The presence of multiple inverted head and shoulders patterns on the four-hour time frame highlights that the IOTA / USD pair has scope to trade much higher over the short-term. A sustained technical breakout above IOTA’s 200-day moving average would be a game changer for the cryptocurrency over the medium-term, although caution is advised until a bullish breakout is confirmed.   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IOTA(IOT) Price $0.310 Market Cap$862,262,752.00 #ccpw-ticker-24524 .ccc-chart-header { background: #1c71ff} #ccpw-ticker-24524 #ccc-chart-block .exportBtnTop, #ccpw-ticker-24524 a.tabperiods.tabperiods_active, #ccpw-ticker-24524 .coin_details { color: #1c71ff; background: rgba(28,113,255,0.15); } #ccpw-ticker-24524 .coin_details { border: 1px solid rgba(28,113,255,0.16); } .ccpw-container_chart #ccpw-ticker-24524 .coin-container:after, .ccpw-container_four #ccpw-ticker-24524 .coin-container:after {border-color:#ccc !Important;} Join the conversation on Telegram and Twitter!   Decentral Media, Inc., the publisher of Crypto Briefing, is not an investment advisor and does not offer or provide investment advice or other financial advice. Nothing on this website constitutes, or should be relied on as, investment advice or financial advice of any kind. Specifically, none of the information on this website constitutes, or should be relied on as, a suggestion, offer, or other solicitation to engage in, or refrain from engaging in, any purchase, sale, or any other any investment-related activity with respect to any transaction. You should never make an investment decision on an investment based solely on the information on our website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an investment. The post IOTA / USD Technical Analysis: Game Changer appeared first on Crypto Briefing.
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During Second Half of 2018, Vitalik Buterin Cashed Out $40 Million in Ethereum (ETH)

With so many prominent figures in the cryptocurrency world, it should come as no surprise that a deep dive into the history of these influencers arises every now and then. Alex Sunnarborg, who is a founding partner of the Tetra Capital crypto hedge fund, decided to dig into the historical account data of Vitalik Buterin. […]
Bitcoin Exchange Guide

Adoption: Customers can now pay with IOTA in Stores that Accept Apple Pay and Samsung Pay following Zeux Integration

As a means of encouraging wider use, Payments and banking services app Zeux has integrated IOTA (MIOTA) for crypto payments in stores for retailers in a collaboration with IOTA Foundation. This is to be fully available in a few weeks time according to an announcement by the Zeux team on Medium. According to founder and co-chairman of IOTA Foundation David Sønstebø, this partnership is a major step for the company that will make IOTA use more convenient. “This partnership with Zeux will provide a significant convenience benefit for IOTA ecosystem. We are very excited about this. Now IOTA digital currency can be used as payment with merchants that accept Apple Pay and Samsung Pay. By combining existing technology with another form of currency, this is a big step forward towards the adoption of crypto for the masses.’’ Speaking on the partnership, Founder and CEO of Zeux Frank Zhou said it is an avenue to increase the adoption of the digital asset and is just the first step to giving IOTA users more financial freedom. Meanwhile, IOTA has gained over 5% since the announcement of its integration with Zeux. this is an indication of the potential adoption this cryptocurrency stands to gain as a result of the integration which will bring it to thousands if not millions of users worldwide. Zeux is an app of the UK origin that provides payment services. The app is to be launched in April and made available in Europe within the year and America in 2020. Its integration of IOTA is a win-win as the CEO described IOTA’s Tangle as an ideal platform for them to build their customer data Dapp. Tangle is a specialized distributed ledger technology that is specifically meant for the internet of things, which the IOTA Foundation’s primary mission is to support. Apart from fee-less real-time payments, the Tangle is also an open-source protocol that facilitates secure data transfer and the collection and dissemination of sensor-based and other data. Zeux mission is to bring crypto as well as fiat micropayments to retail stores around the world through facilitating fee-less real-time payment as well as enabling integration of banking and investment services with it in one, making it a convenient way to do everything with funds without going out of the app. The post Adoption: Customers can now pay with IOTA in Stores that Accept Apple Pay and Samsung Pay following Zeux Integration appeared first on ZyCrypto.
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