HashCash Partners with Singapore to Develop Digital ID Verification Platform 

Asia Blockchain Review
October 10, 2019
HashCash Partners with Singapore to Develop Digital ID Verification Platform

California-headquartered HashCash Consultants and the Singapore government are planning to collaborate on a project aimed at developing a digital identity verification platform backed by blockchain technology, according to a report from Yahoo Finance.

Investing in Blockchain Development for Public Sector

Singapore has been especially enthusiastic about blockchain over the past few years, with its government maintaining a forward-thinking approach towards the technology that has helped establish the city-state as one of the world’s leaders in blockchain development. 

The Singapore government recently announced plans to improve public sector infrastructure through the development of blockchain solutions. HashCash Consultants has since been unveiled as one of the participants in this development project, with sources indicating that the global blockchain company will most likely be responsible for creating a blockchain-based digital identity verification platform. 

Increasing Online Privacy Awareness in Singapore

Online transactions and interactions require access to users’ digital identity information, be it through signing up for a social media network or opening a bank account. This has led many to worry that such personal data can be stolen and misused, giving rise to the need for digital identity security.  

The immutable and transparent nature of blockchain technology offers a solution to this problem, providing a system which can help create, verify and manage one’s identity with assured security. Additionally, rather than storing information on a centralized or intermediary system, each user will have full access to their identity, keeping complete control of their own personal data.

HashCash Consultants’ identity verification platform has been critically acclaimed by users, enabling enterprises to move assets and settle cross-border payments in real-time for remittances, trade finance, payment processing and more. 

Source: https://finance.yahoo.com/ 

About Asia Blockchain Review

Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. It aims to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.

Our goal is to cultivate and encourage a collaborative community for our members to gather, share their experiences and endeavors in the blockchain space, and brainstorm the potential uses of blockchain technology.

Follow Asia Blockchain Review on:

Related Article
Tradewind Tracks Gold Trade with Origins Blockchain
Blockchain-based digital trading platform Tradewind Markets has launched Origins, a new solution to ...

November 15, 2019

Fujitsu, Ricex Partner to Develop Rice Trading Platform
Fujitsu and Switzerland’s Rice Exchange have partnered to develop a rice trading platform using bloc...

November 14, 2019

Major Asian Financial Service Firms Publish Report on Tokenized Securities
Some of Asia’s largest financial firms have published a paper exploring the feasibility of using tok...

November 14, 2019

Smart Cities in China Embraces Blockchain-enabled ID System
China has launched an identification system powered by blockchain to improve connectivity and data s...

November 13, 2019

We provide information about Asia Blockchain Review latest activities as well as global blockchain news and research. Subscribe to our Newsletter now or Contact us