Vinny Lingham, CEO of Blockchain Identity Startup, CivicKey has stated that the world will be a safer place when people are in control of all their identity information, and on their devices and not sitting in a centralized database waiting to be stolen. The Bitcoin price prediction savant made this insightful pronouncement in an interview with CryptoCoinsNews about his new brainchild of Blockchain ID.
According to the World Bank Group’s Identification for Development, (ID4D), one in five people have no access to identification documents. In fact, statistics explain that 1.5 Billion people in the world today are incapable of proving their identity, which means they are unable to access a whole lot of services that are fundamental human rights.
Secure ID System
“Blockchain ID’s effectively give us a way of digitising artefacts of the past, such as passports and drivers licenses and moving them from the physical world where they can be easily forged to the digital world of blockchain where that is virtually impossible,” Lingham asserted. The statement brings to mind the Blockchain’s immutable and verifiable ability.