The Reform to use the blockchain in identity insurance

The innovation enables people to control their personal data
28 November 2017   616

The Reform think tank is planning to use the blockchain to reform a digital system of identity insurance. Earlier the UK government tried to implement Verify but there was no opportunity to provide assurance of the data. It was for this reason that HMRS and other departments used their own technologies and systems.

As Reform noticed, using of the blockchain will help to supply only up-to-date information. People will be able to look through their personal data and decide independently whether or not to permit access to their profiles. Users will be able to change information about themselves, including biometrics, in special app for smartphones.

According to Reform’s opinion, the UK government should follow the example of Estonia and give back to people the right to monitor their personal data. The innovation assures citizens that their information is secured and they can deny access to suspicious characters.


Users Suspected RusGas of Scam

Reddit users have already accused RusGas of exit scam, since its behavior is much like  recent scam project Oyster Protocol
07 December 2018   95

The RusGas cryptocurrency project (RGS) demonstrates disturbing signs and releases new tokens in excess of the pre-set emission limit, Cryptovest reports. With an aggregate capitalization of $ 117, RGS trading volume for the last few days is $ 35,000. Events unfold against the backdrop of promises made by the project organizers about the upcoming restart.

Most of the RGS trade is focused on the Crex24 exchange, which has a daily  of $ 700,000. RusGas had a daily volume of several million dollars in its best days, which already then caused questions about the authenticity of this value.

According to CoinMarketCap, RGS emissions are limited to 10 billion tokens, but Etherscan indicates that currently 298 addresses contain 860 billion RGS. The rapid growth of emissions was recorded in recent days and hours. The largest wallet contains 99% of all tokens, which is probably the crex24 wallet. The developers themselves explain these movements to the next restart.

Reddit users have already accused RusGas of exit scam, since its behavior is much like  recent scam project Oyster Protocol(PRL), when the additional issue feature was used in a smart contract.

The likelihood of such an outcome is a characteristic feature of projects based on the Ethereum protocol, which allows additional emission of tokens through a smart contract at the discretion of its owner, not to mention other vulnerabilities that cost investors a lot of money.

RusGas is based on the idea of ​​using tokens and blockchains to optimize the Russian gas industry. Despite the dubiousness of the project’s mission, the data on the network indicates that in April of this year he managed to raise $ 2.2 million for ICO.