Home / Blockchain / The world's first Blockchain Identity Lab was launched today in Edinburgh

The world's first Blockchain Identity Lab was launched today in Edinburgh

Edinburgh Napier University, based in Scotland, has announced the official launch of the Blockpass Identity Lab, the world's first blockchain identity laboratory.

This represents the first research center in Europe entirely dedicated to the research and development of blockchain technology. The aim is to explore several new technology use cases. The goal is to find new ways to apply this to protect personal information online.

New effort to achieve a greater understanding of Blockchain technology

The laboratory is the result of a collaboration between Edinburgh Napier University and Blockpass IDN, an application identity company based on blockchain technology originating in Hong Kong.

The two entered a three-year partnership, which will also guarantee funding for research personnel, the virtualized blockchain environment and five doctoral students. In addition, the structure plans to focus in particular on some key identity challenges, as well as on the creation of new data infrastructures that respect the rights and privacy of users.

Kate Forbes, Minister of Digital Economy for Scotland, commented on the development saying that it is an exciting move, especially since the new technology can bring much more protection to personal data on the Internet.

Not only will it protect data from hackers, scammers and other cybercriminals, it will also bring forward the innovative tradition of John Napier – a mathematician who has taken the name from the university.

The launch of the structure was announced for the first time in April. It came in response to numerous data breaches and similar scandals that served to signal the risk of storing data in centralized locations. Now, thanks to the new structure, these risks can be reduced through in-depth research into the blockchain and its capabilities.

Data breaches are growing all over the world

Of course, many violations of recently reported data are mostly focused on the United States.

Companies based in the United States have struggled a lot with the problem and, over time, attacks on unprotected databases seem to become more frequent. Even so, even companies based in Europe are not familiar with the issue, and some estimates claim that as many as 17% of the population has been the victim of identity theft operations.

In 2017, the only cost of credit card fraud was estimated at around £ 1 billion ($ 1.3 billion) on the European continent. This led to the cancellation of credit cards of over five million people. Clearly, a new method of information protection is desperately needed all over the world and the blockchain seems to be a perfect solution.

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