Overstock’s VC Arm Puts $2M Into Blockchain-Based ID Systems Startup

Overstock’s Medici Ventures invests $2 million into Salt Lake City-based Evernym, a startup developing blockchain-based self-sovereign identity networks. Overstock’s venture capital arm Medici Ventures has made a $2 million investment into Salt Lake City-based Evernym, a startup that develops blockchain-based self-sovereign identity networks. Per a Sept. 26 press release, Medici invested $2 million into Evernym […]

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Consensys-Backed Identity Platform Partners With PwC

Consensys-backed digital identity platform uPort has partnered with Onfido and Big Four auditing firm PwC. ConsenSys-backed identity management protocol uPort has entered a partnership with Onfido and PwC to develop blockchain-based identity management in the financial services sector in the United Kingdom.  In a Sept. 23 announcement, Ethereum-based digital identity platform uPort said that it […]

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UK Watchdog Allows Three Blockchain Firms to Join Regulatory Sandbox

Three blockchain-focused firms are among the latest 29 companies accepted into the U.K. financial watchdog’s regulatory sandbox. The United Kingdom’s Financial Conduct Authority (FCA) has allowed three blockchain-based businesses to join the latest cohort of its regulatory sandbox, the organization announced on April 29. Diro Labs is one of the blockchain-driven companies accepted by the FCA for performing […]

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Blockchain-Based Digital ID Systems Are Increasingly Finding Real-World Use

Blockchains and digital IDs are moving beyond hype, and bringing real benefits to individuals and organizations. According to the latest estimates, we generate around 2.5 quintillion bytes of data every day. That’s 2.5 followed by 17 zeros — or rather 2.5 trillion million — a number that’s impossible to visualize intuitively, but nonetheless has massive implications […]

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