BlockCypher, a blockchain web services company, has announced its partnership with digital identity card ShoCard to provide the first identity management solution in the market that scales across public and permissioned blockchain.
According to the official release, ShoCard by using BlockCypher gives identity solutions on a combination of public and permissioned blockchains, which can be integrated with the existing company systems. Using both types of the blockchain, ShoCard provides end users, an application to manage and control the visibility of their data. BlockCypher provides the same API’s across blockchains and allows companies to seamlessly switch from one chain to another.
“Increasing security costs, the pervasive use of social security numbers as universal identifiers and the fact that policy is often multiple steps behind criminals leads to an identity crisis that screams for a new way of protecting identity,” Catheryne Nicholson, CEO of BlockCypher said.
BlockCypher Identity helps in the development of blockchain-based identity management applications. The BlockCypher Identity includes address API that generates addresses for identity transactions, transaction API that enables publishing transactions to store an identity into a blockchain, identity wallet API that groups multiple identity addresses together, metadata API that adds informative descriptions and data endpoint that stores encrypted information.
“It allows enterprises who are not yet ready to adopt a public blockchain to first deploy a permissioned blockchain-based identity management solution and then decide whether to move to a public blockchain. The flexibility that BlockCypher gives in connecting multiple blockchains is critical in providing the transparency, access, and scalability our customers need,” Armin Ebrahimi, CEO of ShoCard said.
There will be a webcast by both the partners aired on November 1, 2016, that will feature more use cases for identity management on the blockchain.
