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   655

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.

Former SpaceX Engineer to Launch Crypto Exchange

Earlier CEO of LXDX Joshua Greenwald worked as the engineer on automation and propulsion systems at SpaceX
18 September 2018   92

The supplier of exchange technologies and services LXDX launches a new trading platform for digital assets. This is reported by the publication LeapRate with reference to the company's CEO Joshua Greenwald.

He said that the new platform will make institutional trade instruments available to a wide range of crypto traders.

Our immediate focus is on cryptocurrency and enabling every investor to utilize the exclusive tools, like smart order routing, that only institutions previously could access. When we built top tier infrastructure for traditional markets, our team solved many of the same problems facing cryptocurrency exchanges today. We are excited to bring a higher caliber of technology to cryptocurrency investors everywhere.
 

Joshua Greenwald

CEO, LXDX

The site will fully meet the requirements of KYC / AML.

Earlier Joshua Greenwald worked as the engineer on automation and propulsion systems at SpaceX. His startup received support from large investors, one of which was the venture fund Dymon Asia. In September, LXDX moved to Malta.