THELOGICALINDIAN - Airbitz has partnered with Sphre to defended their BlockchainBased Identity Management Platform AIR
Sphre, a blockchain-based character administration firm, appear their affiliation with Airbitz, one of the best accepted adaptable Bitcoin wallets and a abstracts aegis belvedere with over 140,000 users. Airbitz has been alive on its Edge Aegis Belvedere back the company’s inception, absorption on accouterment a defended and easy-to-use band-aid for decentralized blockchain projects and dApps as a agency enhance cryptocurrency accumulation adoption.
Announced today, the affiliation will see Sphre leverage Airbitz’ Edge Security, a blockchain-agnostic and zero-knowledge distinct sign-on solution, to defended their acute contract-based platform, AIR.
Daren Seymour, Director at Sphre commented on the new partnership:
AIR is agenda character and alone microeconomic assurance arrangement based on blockchain infrastructure, acceptance individuals, enterprises, and organizations to administer their agenda character through a single, decentralized application, appropriately application abounding ascendancy and buying of said identity, which would not be accessible in a centralized setting.
The AIR whitepaper reads:
The AIR Platform is body aloft the Hyperledger blockchain and is comprised of two above components: The Chaincode or ‘smart contract’, which forms the base of the accustomed identity, and the Appliance Programming Interface (API), which will acquiesce third-party organizations and enterprises to accommodate abutment for AIR into their absolute and new systems, while the adaptable appliance secures and maintains anniversary individual’s clandestine key.
Currently in development, the AIR Belvedere will anon host a crowdfunding campaign to armamentarium the development, marketing, and administration of the AIR project. During the crowdfunding attack or ICO, participants will receive XID tokens, which are acclimated aural the Air belvedere to facilitate identity-based affairs and handle profit-sharing cost based on the customizable monetization agreements that users can appoint in.
The XID badge is to be issued on the Bitcoin blockchain through the Omnilayer platform that allows the administration of agenda character monetization allowances to be handled through a decentralized mechanism, which is far added cellophane and reliable than acceptable alternatives.
Due to the use of Omnilayer, AIR will not alone acquiesce any accustomed user or alignment to “authenticate/authorize themselves adjoin their registration”, but additionally to attest/verify the character of an annual with whom they accept auspiciously transacted, based on advice begin on the Bitcoin, the safest and oldest blockchain in the world.
Can blockchain technology become the new aegis accepted for alone and action agenda identity? Let us apperceive in the animadversion section.
Images address of Shutterstock
