Swiss city plans to verify IDs using Blockchain

Authorities of Zug will launch a new ethereum-based identity service
09 July 2017   2184
Ethereum

Open-source blockchain-based distributed computing platform featuring smart contract functionality, which facilitates online contractual agreements 

The capital of the Swiss Crypto valley and the canton of the same name Zug is preparing to introduce a new service for the verification of citizens' identification data, which will be based on the Ethereum block system. This is written by CoinDesk.

The project will be launched in September 2017 and will include a special mobile application that binds a person's identity through the uPort platform to a specific crypto address.

The solution was developed by ConsenSys in partnership with the local startup ti&m and the University of Economics of Lucerne. Registration and verification of local residents will be carried out by local authorities.

Blockchain

Distributed database that is used to maintain a continuously growing list of records, called blocks.

In the statement of Zug, the project was developed because previous efforts of ID solution development using centralized funds were very complicated and even obsolete nowadays.

We want to create complete digital identification, kind of digital passport for any cases. And we don't want this passport was centralized, we want it to use blockchain technology. 
 

Dolfi Müller
Major of Zug

City authorities also plan to hold an advisory next spring vote using electronic bulletins. 

AION to Unveil Future Plans

Foundation sold half the BTC and ETH, and it did it very well - at the beginning of this year
06 December 2018   141

The Aion Foundation, which is responsible for the development of the protocol of the same name and collected $ 23 million in Bitcoin and Ethereum on ICO in October last year, published a report in which it shared information about its financial operations. The report was prepared with the support of Deloitte, however, it cannot formally be considered an audit.

According to the Aion Foundation CEO Matthew Spoke, the foundation sold half the BTC and ETH, and it did it very well - at the beginning of this year. Having spent $ 10 million on launching its blockchain platform and opening offices in Canada, China and Barbados, the fund had assets of $ 14 million as of October 31 of this year, $ 5.8 million of which was placed in Fiat.

We’ve liquidated a decent amount of our bitcoin and eth that we raised as proceeds to make sure that we are stable in this type of period. As we continue to spend in our operations we’ll end up liquidating more bitcoin and eth over the course of the next few months.
 

Matt Spoke

CEO, Aion Foundation

The Aion protocol has already attracted active users, including the video game start-up ClanPlay, but Spoke claims that his company will continue to rely on hard currency.

The foundation has roughly 18 months of runway, Spock estimates, while developing his system to a level at which it can compete with centralized counterparts, such as Amazon Web Services, will take about five years. Aion expects to launch its first Java-based virtual  machine, thanks to which developers can use decentralized tools, by the second quarter of next year.

Spoke suggests that at this time his company will have to attract additional funding from cryptocurrency funds and accredited investors in exchange for their own tokens. His goal is to prevent the reduction of the team, which currently includes 61 people, and the operation of the Ethereum model of ConsenSys, a company sponsoring projects in its own ecosystem.

In the future, Aion intends to publish such reports on a quarterly basis and transfer data to the Messari network in order to increase the confidence of its tokens holders.