The performance of Melbourne is tapped as the first digital identity provider that starts testing his technology for the US $ 4 million verification teas from the Australian government that were approved at the end of last year to force the limitations of social media for minor users.
The Blockchain company will launch a pilot program with students in Darwin and his self-sovereign identity platform tests with which users can offer safely and safe age verification and at the same time retain control of their personal data.
Trials will start next week, because Australia wants to implement new legislation by December, which prohibits children under the age of 16 with making social media accounts, with platforms that are confronted with fines up to US $ 30.7 million for non-compliance.
The use of reusable digital IDs of sharing helps to tackle the privacy problems of Australians who have expressed the risk of ID theft in databases run by the government. These concerns have been around since last year when the legislation was approved for the process.
The technology “eliminates the need for repetitive verification while maintaining immediate trustless verification and a privacy-first approach,” said Tim Bos, founder and chief technology officer, said Decrypt.
In contrast to conventional centralized identity systems, the blockchain-based technology helps to remove potential some points of failure or data risks if only one entity, such as a government, has control over the data.
It allows users to verify their age without uploading personal documents, instead only sharing cryptographic evidence, keeping data in the user’s control and reducing the exposure to breaches of hackers.
Built on the Cosmos SDK, the Technology of Sharing offers a way to create custom blockchains, in this case to help screen age -of -troubled content on social media platforms by verifying users, without necessarily revealing their personal information.
With the help of termint, a proof-of-stake consensus mechanism, sharing registrations can process with efficiency, while it can also connect to other block chains.
The company claims that accreditation has obtained under the digital identities of the UK and attributes Trust Framework and has become a member of Select ID, the first reusable digital ID network of the UK for financial services.
Tests for Australia are led by Age Check Certification Scheme (ACCS), an independent assessment consortium. ACCS will check the age verification technologies before the restrictions on social media are fully in force within the year.
Published by Sebastian Sinclair