The Daily: McAfee’s”Unhackable” Entrance Is Doomed, Coinbase Wants to Be The ID
Coinbase, the San Francisco-based cryptocurrency behemoth, has announced the Distributed Systems group is joining the firm as it hired that the startup. The venture was working on “human-friendly, decentralized identities and permissioned tokens”, developing a benchmark for identification known as the Apparent Protocol, plus they bring these capabilities to Coinbase.
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— Abe Snowman (@AbeSnowman) August 9, 2018
Line Corporation (NYSE:LN/TSE:3938), the firm behind the messaging program most popular in Japan from precisely the same name, has announced its Korea-based subsidiary, Unblock Corp., has recently established Unblock Ventures Ltd., a corporate market venture fund in Hong Kong. Unblock Ventures focuses on investment investments and includes a funding commitment of $10 million USD, created from LVC Corporation (another Line set company).
Though a digital ID may be of support within the crypto ecosystem, like for AML/KYC verification for ICOs and participating using dapps, Coinbase appears to have much broader long term ambitions. The company explained in a blog article which: “A decentralized identity will let you show that you have an identity, or you have a connection with all the Social Security Administration, without making a copy of that identity. Should you stretch your imagination a bit farther, you can imagine this using to your photographs, social media articles, and perhaps one day that your passport also. ”
Released at Thu, 16 Aug 2018 11:35:29 +0000
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We recently reported that safety researchers assaulted the Bitfi wallet, which was said to be “unhackable” with its promoters like John McAfee, breaking it available and finding out it was nothing more than a cheap phone with the camera and SIM removed. Well, they also successfully routed signed trades with the apparatus, claiming a Bitfi insect storm. And before that someone had been in a position to demonstrate root control of the apparatus by installing the classic video game Doom onto it.
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— Satoshiware NQ (@BitcoinCashNQ) August 15, 2018
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