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Blockchain could act as the foundation of the root identity question “Who Am I?” as opposed to the authentication query “Am I Who I Say I Am?” These systems can securely store and make readily available all kinds of information, including sensitive data like our financial history and health records. As consumers, our need to present this data at the time of service, or the point of sale or care, has risen with service providers’ increased online presence.

Banks, governments and enterprises all require more of our information in order to verify that we’re the party entitled to their offering, but in an era of mass data breaches, we’re in a “risk race to the bottom” if we are going to keep up with this need by providing every enterprise with a complete profile of our personal and financial lives.

@peakdemand

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