Blockchain for identity: a worthy, unattainable dream
Creating a system that uses blockchain to verify identity comes with a number of roadblocks that are likely insurmountable.
“Put it on the blockchain” is seen by some as the cure for all manner of ills. This is understandable—a shared ledger that shows transactions chronologically and publicly has the potential to put an end to many different types of fraud and corruption, and to bring transparency to what has previously been opaque.
It’s also become a bit of a joke. With the possibility of an immediate jump in valuation simply by announcing a pivot to blockchain, many companies have leapt upon this bandwagon—proposing blockchain for copyright, blockchain for music distribution, blockchain smartphones… and blockchain for identity. ..Read More..