Blockchain-Based Digital ID Systems Are Increasingly Finding Real-World Use

Blockchains and digital IDs are moving beyond hype, and bringing real benefits to individuals and organizations.

According to the latest estimates, we generate around 2.5 quintillion bytes of data every day. That’s 2.5 followed by 17 zeros — or rather 2.5 trillion million — a number that’s impossible to visualize intuitively, but nonetheless has massive implications for our privacy online, our security and our ability to keep our digital identities within our own personal control. Indeed, recent surveys indicate that as many as 89 percent of consumers believe that corporations currently aren’t doing enough to protect their data, while over half of all CEOs and C-suite executives admit that most consumers are right to doubt them on this.

Given the overwhelming scale of this problem, there’s little chance it will be resolved overnight. However, as Cointelegraph reported in an analysis last year, a…

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2019-02-07 18:53:00

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Written by Cointelegraph

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