Helsinki, Finland, Aug. 31, 2017 (GLOBE NEWSWIRE) — Blockchain technology innovation leaders IOTA and Evernym announced a new collaboration dedicated to jointly developing Internet of Things-enabling solutions focused on increasing trust by providing secure, irrevocable identity to all connected devices.
The announcement was made during a joint presentation at the MyData2017 conference in Helsinki.
“Evernym and IOTA are both intensively working toward achieving the same goal,” said IOTA founder David Sønstebø. “That is, a world where distributed ledgers facilitate the secure and efficient exchange of resources and data between all connected entities. This is a natural pairing and the world should pay attention to the exciting products that result from it.”
August 31, 2017 (Chicago/Salt Lake City) — Today the Illinois Blockchain Initiative announced its partnership with self-sovereign identity solutions leader Evernym, leveraging distributed ledger technology to provide secure digital identity solutions. The concept will augment work from the W3C’s Verifiable Claims Task Force and use the Sovrin Foundation’s distributed identity ledger to create a secure, “self-sovereign” identity for Illinois citizens during the birth registration process.
A formal announcement will be made on Sept. 1 by Evernym’s Chief Trust Officer Drummond Reed at the MyData2017 Conference in Helsinki, Finland.
Self-sovereign identity refers to a digital identity that remains entirely under the individual’s control. A self-sovereign identity can be efficiently and securely validated by entities who require it, free from reliance on a centralized repository.
MyData is a human centered approach in personal data management that combines industry need to data with digital human rights. The core idea is to let individuals be in control of their own data. This simplifies data flow and opens new opportunities for businesses to develop innovative personal data based services while preserving privacy.
Intelligent Assistants (IAs) are redefining digital commerce and customer care as enterprises introduce intelligent assistants to provide an engaging customer experience using natural language understanding, machine learning, and artificial intelligence.
Hyperledger is an open source collaborative effort created to advance cross-industry blockchain technologies. It is a global collaboration, hosted by The Linux Foundation, including leaders in finance, banking, Internet of Things, supply chains, manufacturing and Technology.
IIW brings together the largest concentration on the planet of talent dedicated to designing and building identity systems that empower individuals.
IIW is at its heart a participatory conference. This is the time and place that you get to discuss, share your knowledge, work on and learn about anything & everything related to Internet Identity today.