4 ms·
Would blockchain be a good solution to the authentication problem? For example never disclose any PII to the Bank, but tell them that this is the person who he
by itissid 8y ago
Would blockchain be a good solution to the authentication problem?
For example never disclose any PII to the Bank, but tell them that this is the person who he claims to be and is authorized to do X(i.e. a True/False answer for everything)?
- kalleboo 8y agoYou don't need a blockchain if you have a trusted third-party (such as the government, or a bank that has checked photo ID). In places like Sweden and Estonia there are digital ID systems that are run by banks or the government that could fulfill the role.
- A2017U1 8y agoIsn't the trusted third party the problem in this case? The original comment was about banks not properly securing PII. Not seeing how a public database fixes this, but the banks and big business disdain for security of other people's data is certainly a problem no matter the country.