The "Big Four" accounting firm Deloitte has partnered with Attest Inc.'s identity management company to develop a blockchain-based digital identity system, according to a press release published on November 5th.
Attest, based in Chicago, is an identity management company that offers a shared identity platform that allows its clients to conduct transactions, in which government clients can provide identity services to citizens.
The collaboration will presumably develop a digital identity offering for government-conforming identifiers that can be used by Deloitte's customers based on existing Attest products. The first product, Attest Wallet, is an identity archive protected by cryptography like a cryptocurrency portfolio. It is reported that the Attest portfolio will allow users to store digital versions of government and corporate IDs in one place and control access to stored information.
The second solution is called Attest Enterprise and includes two APIs (Application Programming Interface) that allow users to verify their identity, authorize third parties and give consent to others to manage their data on their behalf. Wendy Henry, CEO of Deloitte Consulting LLP, commented on the collaboration:
"While many companies are trying to use a personal portfolio in which the individual has control of their digital identity credentials, the government must serve all citizens, including those who may not be able to accept the control of their identity credentials in a digital form ".
Cab Morris, co-founder and chief executive officer of Attest, suggested that "a digital identity issued by the government has the potential to reduce costs and risks for businesses in all sectors, while providing citizens with greater security, privacy and control over personal data. "
In September, Deloitte announced that it will assist the Institutes RiskBlock Alliance blockchain consortium to expand into Canada. The alliance will register a & # 39; legal entity in Canada and will begin to collaborate with the real estate-injured insurers and life insurance / annuities. Deloitte will be responsible for the methodology, prioritization and development of a variety of blockchain applications, addressing the life cycle of insurance transactions.
Last month, Deloitte outlined five base areas for the development of blockchain technology in order to achieve widespread adoption, including the possibility of time-consuming operations, lack of standardization, high costs and complexity of blockchain applications. , regulatory uncertainty, as well as the absence of collaboration between companies linked to the blockchain.