• Sun, 24 Mar 2019, 10:48 AM
  • All times are UTC
  • Edition:
    International
Link copied

Barclaycard partners with blockchain startup Evernym on self-sovereign identity

Photo: Business Advice

Mon, 10 Dec 2018, 07:01 am UTC

Barclaycard, a credit card and payment services provider and a division of Barclays, has announced its plans to explore the benefits of “self-sovereign identity” (SSI).

Self-sovereign identity is the concept to enable people, organizations, and things to securely and privately store and control their own identity data, allowing them to share verifiable proof of who they are, for life. It could replace usernames and passwords, and even form-filling, forever.

On these lines, Barclaycard Payment Solutions (BPS) Innovation team is joining blockchain startup Evernym in the latter’s 12-month Accelerator programme.

Evernym is the company behind Sovrin – a body focused on developing, building, and promoting SSI. Based on blockchain technology, the Sovrin Protocol creates a unique, digital identifier that can be used to verify proof of identity anywhere and at any time. According to the whitepaper, the Sovrin protocol is based entirely on open standards and open source—the Hyperledger Indy Project.

After a year of sandbox and alpha testing, the Sovrin Network was formally launched on July 31, 2017, with a genesis transaction between the first 10 participating organizations known as “stewards”. In November 2018, Evernym launched the Accelerator Program with 15 founding members, including ATB Financial, IAG, Irish Life, the International Federation of Red Cross, Spark New Zealand, Truu and three provincial and state governments.

Through the accelerator programme, BPS will focus on developing “a commercial proposition in a safe test environment and further explore the customer, business, legal and technical benefits of SSI.”

“We are excited to be involved with the Accelerator Program which is helping us develop our strategic response to SSI market opportunities. With access to Evernym’s insight, tools and expertise, we are really able to speed up our learning about Sovrin and self-sovereign identity. And most importantly, we can rapidly develop solutions that solve real customer and business problems,” Ed Black, Director of Innovation at Barclaycard Payment Solutions, said.

<Copyright © TokenPost. All Rights Reserved. >

The commenting service is available only after having logged in.
More
  • Bitcoin (BTC) $4,028.53 (-0.14%)
  • Ethereum (ETH) $137.82 (-0.48%)
  • XRP (XRP) $0.310200 (-0.65%)
  • Litecoin (LTC) $60.49 (-1.08%)
  • EOS (EOS) $3.66 (-0.87%)
  • Bitcoin (BTC) $4,028.53 (-0.14%)
Mar 22, 2019 (Friday)
10:46
SBI Group partners with U.S.-based semiconductor firm to manufacture crypto mining hardware
10:03
Square seeks engineers for new crypto-related initiatives
09:02
Cardano Foundation joins European Commission’s blockchain initiative INATBA as founding member
07:09
Blockchain smartphone maker Sirin Labs partners with MyEtherWallet
06:21
Alibaba, Aerospace Information partner to foster blockchain development
05:30
UPS partners with blockchain startup Inxeption for B2B e-commerce platform
04:36
Financial market veteran Rob Catalanello to lead crypto liquidity provider B2C2’s US expansions
03:44
Numerai secures $11M from Paradigm and Placeholder via token sale
Mar 21, 2019 (Thursday)
11:49
Former Prime Minister of Denmark joins blockchain firm Concordium as strategic advisor
11:00
North Korean dissident group CCD to issue blockchain-based post-liberation visas
10:03
Switzerland inches closer to cryptocurrency regulation
09:07
Huobi Global to launch token sale platform “Huobi Prime”
07:21
Asia Pacific Leaders Malaria Alliance’s M2030 partners with Dragonchain for blockchain-based services
06:10
CoinMarketCap launches of crypto indices on Nasdaq, Bloomberg, Reuters
05:09
seriesOne, Polymath partner to simplify security token issuance
04:13
Binance launches cash-to-crypto brokerage service in Australia
03:45
IoT startup Filament joins Enterprise Ethereum Alliance
Mar 20, 2019 (Wednesday)
11:43
Wirex launches crypto-friendly business accounts
10:43
Ground X to launch public testnet of blockchain platform 'Klaytn’ on March 29
10:08
Seoul Medical Center, Korean Ministry of Science and ICT collaborate on blockchain project
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft