Illinois to Use Blockchain for IDs and Asset Management

An Illinois blockchain and distributed ledger task force has also published a database that tracks worldwide initiatives currently exploring blockchain in public sectors
02 February 2018   1144

The Illinois blockchain and distributed ledger task force presented “Final report to the General Assembly” where it has outlined the use of blockchain technology in the state's inter-government operations. The state intends to use blockchain to manage state resident identification, tokenize assets and reduce entitlement fraud.

According to the report, a blockchain-powered platform would allow residents to access and store all their ID information, including tax records, voting histories and driver licenses as decentralized nodes. The platform will also let residents own the information and share it with different government agencies for public services.

This new model would reimagine the relationship between state and individual, as a government would become the verifier, rather than the custodian, of people's public service identity. The government would move from providing data storage to verifying identity, allowing users to store access to personal data securely on devices.

 

Illinois blockchain and distributed ledger task force report

The task force also reported that blockchain technology has the potential for Illinois' public sector in digitalizing assets such as tax credits, social benefits, and municipal bonds.

Also as part of its research, the task force has published a database that tracks worldwide initiatives currently exploring blockchain and distributed ledger technologies in public sectors. The leader in a number of blockchain initiative is the Netherlands with 32 implementations of technology.

Poloniex to Suspend Operations for Few Hours

Representatives of the exchange say users' funds will be completely safe during maintenance
21 February 2019   55

The cryptocurrency exchange Poloniex has announced maintenance, which will begin on February 22 at 22 UTC. The trading platform will be unavailable for several hours.

Representatives of the exchange claim that the users' funds will be completely safe. Technical work associated with the modernization and transition "to the best data centers, which will increase the reliability of the platform and increase uptime."

Also in Poloniex noted that the trade orders of users will not be canceled.

Recall, recently Poloniex has added to the listing of privacy-oriented cryptocurrency Grin.