Gemalto Launches Blockchain-Based Identity Management With Corda

Gemalto, an international digital security provider, announced that it will use R3’s Corda enterprise blockchain to address a problem that affects us all: digital identity management. 

In a world where it is becoming increasingly difficult, and critical, to prove that you are who you say you are (and that potential imposters are not), leveraging distributed ledger technology to manage identities online may prove a substantial advancement.

What Does Decentralization Actually Mean?

Decentralization is a key selling point of most public blockchain platforms. But what does decentralization mean, specifically? And how does a blockchain, or distributed ledger technology (DLT) as it is also known, provide decentralization to its users without compromising the privacy, security or reliability of blockchain transactions?

Defining Decentralization

Building a Framework for Privacy DApps

Particl has become known in the cryptocurrency world for building a blockchain-based ecommerce platform. Yet Particl’s vision is not limited to enabling users to buy and sell products using BTC, PART or other cryptocurrencies.

Particl is also creating an all-purpose privacy platform that anyone can use to build decentralized apps (DApps) that leverage Particl’s unique privacy features — kind of like Ethereum but with a stronger focus on privacy. On a platform like Ethereum, developers would have to build special privacy features themselves if they want their app to include them. With Particl, no special effort is required because privacy is built into the platform and PART token.

Know Your Coins: Public vs. Private Cryptocurrencies

Once upon a time, Bitcoin was the beginning and the end of the cryptocurrency market. Today, while still the largest, Bitcoin is merely one of dozens of important coins and tokens. From Ethereum to Bitcoin Cash to Particl to SALT, the market is flooded with other blockchain-based projects.

Although many of these coins compete with each other in various ways, they are not all identical. Regarding privacy, they generally fall into two main categories: public and private. Public coins offer a degree of anonymity but focus on other areas. Others place privacy first and foremost.

Cryptocurrency Agnosticism and a Vision for Privacy

Which cryptocurrency is the best? That’s a heated question to ask and an impossible one to answer. 

Particl, an ecommerce blockchain startup, wants to free users from having to answer that question. The project is building a cryptocurrency-agnostic ecommerce platform, where users can buy and sell using the coin of their choice.