The Reform to use the blockchain in identity insurance

The innovation enables people to control their personal data
28 November 2017   464

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.


Bittrex to List LOOM

LOOM is the token of the American startup Loom Network, which launches decentralized applications
18 July 2018   111

Popular cryptocurrency exchange Bittrex listed Loom Network token LOOM. 

As the team of the exchange said, trading with the crypto currency will begin in the near future. On the background of this news, LOOM showed a price jump fo 14%.

LOOM Price Chart
LOOM Price Chart

LOOM is the token of the American startup Loom Network, which is launching decentralized applications.

In January, Bittrex tightened the criteria for listing new tokens. Now, developers need to provide technical information about the token itself, as well as the data of at least one team member. At the moment, the exchange has 290 digital coins.