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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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Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust

Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust Digital currency investment group Grayscale confirmed it had successfully launched its latest fund, dedicated to Stellar’s Lumens (XLM) token, in a tweet Jan. 17. Grayscale, which now operates nine cryptocurrency funds, timed the move to coincide with a change of image for its products, renaming all its […] Cet article Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust est apparu en premier sur Bitcoin Central.
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Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project

CoinSpeaker Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project Until now, everybody has been talking about Bitcoin, the most popular and widely used digital currency. However, Bitcoin is unable to process thousands of transactions a second. Researchers from the Massachusetts Institute of Technology (MIT), UC-Berkeley, Stanford University, Carnegie Mellon University, University of Southern California, and the University of Washington have decided to fix such a weakness and develop a crypto asset better than Bitcoin. The researchers are working together as Distributed Technology Research (DTR), a non-profit organization based in Switzerland and backed by hedge fund Pantera Capital. The first initiative of Distributed Technology Research is the Unit-e, a virtual coin that is expected to solve bitcoin’s scalability issues while holding true to a decentralized model and process transactions faster than even Visa or Mastercard. Babak Dastmaltschi, Chairman of the DTR Foundation Council, said: “The blockchain and digital currency markets are at an interesting crossroads, reminiscent of the inflection points reached when industries such as telecom and the internet were coming of age. These are transformative times. We are nearing the point where every person in the world is connected together. Advancements in distributed technologies will enable open networks, avoiding the need for centralized authorities. DTR was formed with the goal of enabling and supporting this revolution, and it is in this vein that we unveil Unit-e.” According to the press release, Unit-e will be able to process 10,000 transactions per second. That’s worlds away from the current average of between 3.3 and 7 transactions per second for Bitcoin and 10 to 30 transactions for Ethereum. Joey Krug, a member of the DTR Foundation Council and Co-Chief Investment Officer at Pantera Capital, believes that a lack of scalability is holding back cryptocurrency mass adoption. He said: “We are on the cusp of something where if this doesn’t scale relatively soon, it may be relegated to ideas that were nice but didn’t work in practice: more like 3D printing than the internet.” The project’s ideology is firmly rooted in transparency, with a belief in open-source, decentralized software developed in the public interest with inclusive decision-making. The core team of the project is based in Berlin. To solve the scalability problem, DTR has decided to develop the Unit-e with parameters very close to Bitcoin’s design, but many things will be improved. Gulia Fanti, DTR lead researcher and Assistant Professor of Electrical and Computer Engineering at Carnegie Mellon University, commented: “In the 10 years since Bitcoin first emerged, blockchains have developed from a novel idea to a field of academic research. Our approach is to first understand fundamental limits on blockchain performance, then to develop solutions that operate as close to these limits as possible, with results that are provable within a rigorous theoretical framework.” The launch of the Unit-e is planned for the second half of 2019. Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project
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BitPay CEO Says Bitcoin Is Solving Real Problems Around the World

BitPay co-founder and CEO, Stephen Pair, has recently commented that Bitcoin (BTC) is solving several issues around the world. He said that in a press release uploaded a […] The post BitPay CEO Says Bitcoin Is Solving Real Problems Around the World appeared first on UseTheBitcoin.
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Trillion Dollar Market Cap, Ethereum Chain Splits & Stellar Lumens Fund - Crypto News

In this video, Mattie gives you the latest bitcoin and crypto news. He talks about the ethereum chain splitting, BitGo CEO Says Institutional Money in Crypto Can ‘Easily’ Reach Trillions of Dollars, and a new Stellar Lumens fund. This is a daily segment! ----------------------------------------------------------------------------------- CHECK OUT OUR PODCAST: https://bit.ly/2sZCAiF New episode every Monday and Friday! ----------------------------------------------------------------------------------- Check out Altcoin Buzz Ladies! https://www.youtube.com/channel/UCxulvI2C9wUvvDDNS7S35fA/videos ---------------------------------------------------------------------------------- Connect with us on Social Media: Twitter: https://bit.ly/2GDAoCp Facebook: https://bit.ly/2wYksLB Telegram: https://bit.ly/2IAqDuI ---------------------------------------------------------------------------------- Looking for the best cryptocurrency wallets? Check these out: BitLox: https://bit.ly/2rWQnHa CoolWallet S: https://bit.ly/2Liy5bv Trezor: https://bit.ly/2IXrZic Ledger Nano S: https://bit.ly/2IyE3al KeepKey: https://bit.ly/2x5TlhM Read about them here: https://bit.ly/2rTdthZ --------------------------------------------------------------------------------- References: Leading Crypto Asset Manager Grayscale Launches Stellar Lumens Trust https://www.altcoinbuzz.io/crypto-news/finance-and-funding/leading-crypto-asset-manager-grayscale-launches-stellar-lumens-trust/?fbclid=IwAR2AlAU_C_8Mm9CUm2hDci0pmdW3pvLzphS-BSy888SzDptaXMeifxZgJ1I Crypto Investment Firm Grayscale Launches Fund Dedicated to Stellar Lumens (XLM) https://www.cryptoglobe.com/latest/2019/01/crypto-investment-firm-grayscale-launches-fund-dedicated-to-stellar-lumens-xlm/ Grayscale Tweet https://twitter.com/GrayscaleInvest/status/1085904356635959297?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1085904356635959297&ref_url=https%3A%2F%2Fwww.altcoinbuzz.io%2Fcrypto-news%2Ffinance-and-funding%2Fleading-crypto-asset-manager-grayscale-launches-stellar-lumens-trust%2F Grayscale https://grayscale.co/stellar-lumens-trust/ BitGo CEO Says Institutional Money in Crypto Can ‘Easily’ Reach Trillions of Dollars As Company Launches Cold Storage Trading https://dailyhodl.com/2019/01/17/bitgo-ceo-says-institutional-money-in-crypto-can-easily-reach-trillions-of-dollars-as-company-launches-cold-storage-trading/ Crypto’s Billion-Dollar Theft Problem Prompts Safer Way to Trade https://www.bloomberg.com/news/articles/2019-01-16/crypto-s-billion-dollar-theft-problem-prompts-safer-way-to-trade Ethereum Chain Splits, An Estimated 10% of Miners Stay on Constantinople https://www.trustnodes.com/2019/01/17/ethereum-chain-splits-an-estimated-10-of-miners-stay-on-constantinople Ethereum Upgrade – Constantinople Hard Fork Delayed https://www.altcoinbuzz.io/crypto-news/product-release/ethereum-upgrade-constantinople-hard-fork-delayed/ VanEck to Nasdaq: Bitcoin Market Structure Expected to Improve in 2019 https://www.newsbtc.com/2019/01/17/vaneck-to-nasdaq-bitcoin-market-structure-expected-to-improve-in-2019/ Nasdaq Tweet https://twitter.com/Nasdaq/status/1085522054559031296?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1085522054559031296&ref_url=https%3A%2F%2Fwww.newsbtc.com%2F2019%2F01%2F17%2Fvaneck-to-nasdaq-bitcoin-market-structure-expected-to-improve-in-2019%2F -------------------------------------------------------------------------------- DISCLAIMER The information discussed on the Altcoin Buzz YouTube, Altcoin Buzz Ladies YouTube, Altcoin Buzz Podcast or other social media channels including but not limited to Twitter, Telegram chats, Instagram, facebook, website etc is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the writer, reviewer or narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
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