![Blockchain startup Onename launched its novel production Passcard this week Onename Launches Blockchain Identity Product Passcard]()
Blockchain startup Onename launched its novel production Passcard this week, which uses a blockchain-tied profile to exercise a secure together with “trustless” identity. Onename plans on eventually using it every bit a sort of digital key to your identity, potentially replacing passwords, the keys to your menage together with fifty-fifty your passport.
Onename takes payoff of Bitcoin’s distributed ledger, the blockchain, which is used to tape together with verify bitcoin transactions. It is what enables the digital currency to properly component division together with tin too hold upwardly used to tape whatsoever form of data inward a world ledger.
“Passcards are a digital shape of identity together with access command designed to initially supersede passwords, together with inward the future, supersede forms of physical identification similar passports together with driver’s licenses. You’ll hold upwardly able to role it to come inward your storey or your business office together with when asked to introduce identification inward an in-person context. The time to come of identity is here,” read the company’s weblog post.
Your access to everything
Passcards volition expand upon the company’s before blockchain identity product, which was only a onename.io-hosted profile, past times creating a fuller identity, allowing users to post service their Passcard on websites, such every bit a weblog or companionship website.
The motility inward is training of enabling blockchain profiles to hold upwardly used to log into websites together with apps. That volition give the production its offset existent role example together with actual utility.
“Currently, passwords handle y'all access your online life only similar your wallet together with keys handle y'all access your physical life. At a high level, passwords, identity cards, together with keys are all forms of access control. Want to come inward a bar? Show an identity menu that says that you’re over 21. Want to access your Twitter account? Login amongst the username/password that y'all used to signup. Want to come inward your home? Use the key that unlocks the door,” read a world statement.
Passcard tin hold upwardly seen inward role on the weblog of Onename investor Fred Wilson together with the squad page of decentralized marketplace projection OpenBazaar. To dice your ain passcard, y'all tin sign upwardly at a registrar such every bit Onename.io or Namecoin.info. Onename too created Passcard.info, which serves every bit a portal for the novel production together with hosts a listing of registrars.
Passcard uses a technology scientific discipline called Blockchain Name System (BNS), formerly called Onename, which, according to the company’s founders, Muneeb Ali together with Ryan Shea, is similar to Domain Name System (DNS), but offers to a greater extent than safety every bit at that topographic point are “no trusted 3rd parties or servers.”
The startup volition hold upwardly announcing to a greater extent than almost BNS together with volition launch the app login characteristic soon.
Onename was founded inward March 2014. The companionship raised an undisclosed seed circular from Barry Silbert’s Bitcoin Opportunity Fund, Fred Wilson through Union Square Ventures, AngelList CEO together with co-founder Naval Ravikant together with investment trouble solid SV Angel.
