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   430

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.

Andreessen Horowitz to Launch Crypto Investment Fund

Two new job openings by Andreessen Horowitz confirms the information about possible launch separate crypto investment fund
24 April 2018   7

One of the most influential venture capital companies of Silicon Valley intends to open its own fund, entirely dedicated to work with cryptocurrencies. This is repoted by Recode.

Rumors about the possible creation of a new division of Andreessen Horowitz have been on the web for quite some time, which is not surprising, as the company, also known as A16z, previously invested in Coinbase, Earn.com and CryptoKitties, and its founder Mark Andrissen is a big supporter of cryptocurrency .

Two new job openings by Andreessen Horowitz confirms the information that had spread earlier.

Currently, the venture company is looking for a "Manager for financial and operational activities, Cryptoactive" and "Legal Support Specialist, Cryptoactive". Both vacancies indicate that the company hires employees for an "individually managed fund that focuses on crypto assets."

The Legal Counsel will monitor "compliance with all necessary SEC requirements" and "manage the compliance of the firm / fund activities with all SEC requirements / other requirements", and the operational manager will among other things evaluate the crypto-currency assets.