Five Canadian Banks Now Using Blockchain Identity Verification System

It has been reported that SecureKey Technologies’ blockchain-powered Verified.Me digital identity network is now being used for identity verification at five Canadian banks.

These banks includes: CIBC, Desjardins, RBC, Scotiabank and TD which are now using the system that enables customers to verify their identities online in a privacy-enhanced and secure way.

The new system simplifies identity verification and offers a secure and streamlined way for consumers to share private personal information with service providers.
It also offers banks a more cost-effective way to achieve identity verification goals and onboard new clients.

According to SecureKey Technologies CEO Greg Wolfon this announcement is the first time consumers will be able to access the Verified.Me application and gain greater control over their digital identities.

Tamper Free Digital Certification Using Blockchain Given To Singapore Students

It has been reported that students at the high-school level and above in Singapore will from this year receive digital certificates upon graduations.

These digital certificates will be using blockchain technology to enable an easy and reliable way to prove qualifications through tamper-free certifications.

The graduating students will receive their digital certificates through email which has an embedded cryptographic proof and will also be sent to an online portal charting career and lifelong learning pathways called MySkillsFutures account.

A copy of the digital certificates will also be stored in an Ethereum-based OpenCerts platform.
According to Ong Ye Kung, Education Minister, with OpenCerts, we are harnessing the power of blockchain in a practical way by enabling participants to quickly check the validity of a digital certificate.

MIT Professor Helping Facebook To Create Its Own Cryptocurrency

According to news reports online, Christian Catalini, a prominent crypto economist and professor at Massachusetts Institute of Technology is currently working at Facebook to help in the creation of the social media giant’s cryptocurrency.

It has been previously been reported that Facebook has been secretly developing a Stablecoin that will let its billion of users send money to each other and possibly make online purchases.

Catalini is one of the most prominent researchers working on the topic of token economics along with the University of Toronto professor Joshua Gans who co-authored an influential 2018 report on the value of crypto tokens.

It is not yet clear in what aspect of the secretive crypto project Catalini will be working on, he has declined to comment on his involvement on the aforementioned project.

Facebook CEO Mark Zuckerberg has previously stated that he believes that the future is private interestingly the later work of Catalini is about the disconnect between consumers’ stated interest in privacy protection and their apparent willingness to give it up.

Winklevoss Twin Giving Away 1 Bitcoin

The Winklevoss twins are giving away 1 Bitcoin (BTC) to a person who will be able to get the best shot of the Gemini Crypto Bus which they say is now located in San Francisco, Chicago and Washington D.C.

However the contest has not generated much traction on Twitter as Tron Founder Justin’s Tesla giveaway and some observers speculate that the botched Testla giveaway might have left a bad taste in the mouth of possible participants for contest such as what have been mentioned above.

The twitter contest was announced by Tyler Winklevoss on his Twitter account which the brother calls Spot the Gemini Crypto Bus, instructing participants to submit their pics via a tweet with a hashtag #CryptoBus.

The contest will run through the 4th of May and ends on the May 11th 2019.

Given Tyler and Cameron Winklevoss’ reputations the whole cryptocurrency community can rest assured that they will make do with their promises, unline Tron, which seemed to have attempted to leave the first winner empty handed due to a technical error on the part of Tron.

SBI’s President Is Now Part Of The Board Of Ripple

According to news reports online the Ripple company has added a new director to its board, Yoshitaka Kitao who is currently president, representative director and CEO of Japanese financial giant SBI Holdings.

Kita will be replacing the CEO of SBI Ripple Asia Takashi Okita.

Kitao has over 40 years of work experience in global financial markets, have established SBI Holdings in 1999 and previously worked at Softbank Corporation and Nomura Securities.

Chris Larsen, Ripple co-founder and executive chairman of the firm’s board of directors, states that about half of their customers are located in Asia-Pacific area and his company is rapidly expanding their global footprint across the region; Mr. Kitao comes at a perfect time for Ripple looking into deepening its customer base in Asia and surrounding areas.

SBI and Ripple has been strengthening their ties since 2016 when the two firms formed a joint venture called SBI Ripple Asia which aims to research the use of blockchain technology in securities products, aiming to improve efficiency for customers and reduce operational cost of the firms.

Headlines for the world of Cryptocurrencies - May 04, 2019

Crypto Winter Is Over According To EToro / The Monetary Authority Of Singapore Sees The Value Of Blockchain In Cross-Border Transfer / Cryptocurrencies Effective Tool in Addressing Issues on Micropayments / Washington State Recognizes Distributed Ledger Technology To Be Legal / Bitfinex To Conduct IEO For Its Own LEO Token
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Headlines for the world of Cryptocurrencies - May 03, 2019

Facebook Seeking $1 Billion For FB Coin Talking With Credit Card Giants / Domino’s Pizza In Malaysia And Singapore To Use DLT-Enhanced AI For Logistics / New Developers Suite By QTUM Launched In Google Cloud / Fidelity Sees Institutional Investment In Crypto To Grow / Software Giant Releases Blockchain Manager App |

Headlines for the world of Cryptocurrencies - May 02, 2019

Bitcoin Sales Projection Of Cash App To Overtake Supply By 2020 / Estonia Challenging Switzerland For Blockchain Leadership / Mahindra Wants To Fight Spam Phone Calls Through The Use Of Blockchain / Bakkt Mother Company Bought Digital Assets During The Crypto Winter / Bitcoin ATM Provider Helps NYPD To Crack Down Crypto Scams