Eth Price Tackling strong resistance during Swiss Federal Railways Trials First digital identity pilot on Ethereum

Currently traded at around $ 208, the price of Ethereum sees no action while it faces a stiff resistance to $ 210. Meanwhile, the Swiss federal railways experience the first digital identity pilot on Ethereum while co-founder Joe Lubin states: "Ethereum is at the forefront as a valid candidate for the web 3.0".

Ethereum dishes prices

At the time of writing, the world's second largest cryptocurrency is trading at $ 208.93 while in the red at 1.15%. The $ 21.5 billion market cryptocurrency does not currently show any sign of trend. The price is all flat, without any sign of investors trying to sell at the current rate and without trend, without money.

Ethereum is facing strong resistance at around $ 210 and in order to overcome the ETH / USD must skip this resistance. In the event that prices undergo a downward shift, the decline may accelerate.

First digital identity pilot on the public network Ethereum testnet Rinkeby

Keeping the price aside, Ethereum is making progress when it comes to using it. According to the last blog shared by Linium Labs, a company based in Switzerland that aims to build decentralized systems towards a healthier society, with particular attention to health and identity, SBB is exploring how to implement its first blockchain cases, in particular regarding employee certifications working on railway tracks.

As for the reason why Blockchain, shares "Having multiple parties who entered items in a record necessary for public safety, ultimately linked to the identity of an individual, made it ideal for a decentralized identity pilot This would allow simple interoperability between all the different actors. "

Furthermore, "With the success of identity tests in Zug, Switzerland, there was the trust of the project to test it on the public Ethereum testnet Rinkeby."

This pilot project could serve as a model for the use of a case for the issuing and verification of organizational credentials and being part of the discussion on digital ID and digital identity.

Co-founder of Ethereum, candidate valid for ETH for the web 3.0

Recently, the co-founder of Ethereum and ConsenSys, Joe Lubin, spoke at the New York Times International Luxury Conference in Hong Kong. Believes that blockchain and decentralization can stimulate innovation in the economy,

"We are going to have more control over our identity and our agency on these different decentralized networks and I think it will create more wealth […] more interest in expressing ourselves, and I think there will be more appetite for luxury than less. "

Just last week at the Lisbon Web Summit, he shared,

"Ethereum is in the vanguard as a candidate for the Web 3.0 largely due to its interoperable and radically decentralized nature.It may take a few years for our ecosystem to achieve deep interoperability and decentralization in the basic and higher layers. But all right, we can grow in the radical future we envision as we take care of adoption, exploration of the use case, the user interface and the definition of the experience. user – everything will keep us busy for years ".

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Eth Price Tackling strong resistance during Swiss Federal Railways Trials First digital identity pilot on Ethereum

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Currently traded at around $ 208, the price of Ethereum sees no action while it faces a stiff resistance to $ 210. Meanwhile, the Swiss federal railways experience the first digital identity pilot on Ethereum while co-founder Joe Lubin states: "Ethereum is at the forefront as a valid candidate for the web 3.0".

Author

Ashutosh Singh

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Coingape

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