The New Stuff

Blochechan will replace the outdated system of passwords and protect against burglary


Modern ways of identifying the network have ceased to be reliable, so they need to be modernized, – writes MIT technology Review. One of the options for such modernization may be blockade . If the identifiers are decentralized, hacking accounts will not be terrible.

“The identity system in the network needs to be modernized. The key to this modernization may be blocking, because with this technology you can get rid of the need for centralized storage of passwords. Users will get constant control over their data and access to them, “Drummond Reed, the head of the Evernym startup, which develops a block-network that manages digital IDs, is convinced.

Systems such as Bitcoin use cryptography and a network of computers to securely exchange digital currency without an intermediary. Something similar can be done and in terms of identity cards.

“Public key cryptography is based on a pair of keys, the second of which is private. In the block-network, the owners of bitcoin are represented by public addresses, which are public keys. To manage secret keys, wallets are used, which can also store credentials that serve as proof of identification. So, using a smartphone, for example, its owner with the help of a special application can access the accounting data, “- explains Reed.

Now, the Evernym startup, together with the authorities of the US state of Illinois, is working on creating a block system for the registration of newborns born in this area.

But data security is not the biggest problem. It will be much more difficult to force people to switch to encrypted logins, passwords and names – until this is not all ready.

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