Secure Identity Ledger Corporation (SILC) has announced the preview of its blockchain platform and web portal. My Secure Ledger will be the entry point for individuals, government and companies to learn how digital ID data can be recorded, managed and distributed in a more equitable way, according to developers.
The platform will provide individuals with a unique digital token that enables them to prove their identity to third parties. And unlike other Blockchain solutions that operate on a proof-of-stake or proof-of-work basis, SILC operates through a Verified Existence Algorithm in which both parties can exchange and confirm information through the dashboard without it being recorded.
Follow the Finance Magnates Blockchain Podcast:
The FBS CopyTrade Team Presents a New 'FBS CopyStar' ContestGo to article >>
“While governments and businesses have been driving development of blockchain technologies, consumers are poised to be the biggest users and winners of the blockchain,” said Danny Lee, co-founder and board member of SILC. “With One Digital ID on My Secure Ledger, people can take back control of their online identity and protect themselves from the increasing number of breaches and attacks.”
“SILC aims to revolutionise the way personal information is managed, building trust among consumers and businesses in the Blockchain Age,” said Quang Trinh, co-founder and board member. “SILC will provide One Digital ID for every person, so they can confidently and securely access healthcare, social assistance, academic certifications, voting and more. The time for One Digital ID is now.”