ArcBlock launches new “I DID IT” initiative targeted on real-world blockchain functions and interactive coaching for builders, companies and customers to expertise decentralized identification first hand and find out about the advantages of blockchain expertise.
Bellevue, WA, Feb. 28, 2020 (GLOBE NEWSWIRE) — (by way of Blockchain Wire) ArcBlock, a number one blockchain growth platform, and decentralized identification supplier has launched its new “I DID IT” initiative targeted on real-world functions and interactive coaching for builders, companies and customers to expertise decentralized identification first hand and study in regards to the options and advantages of blockchain expertise. ArcBlock’s I DID IT marketing campaign will cowl a wide-range software use instances together with self-sovereign identification, next-generation authentication, knowledge portability, digital belongings, digital foreign money, and asset exchanges and cross-chain transactions, and the power to create, confirm and problem verifiable claims and certificates simply.
ArcBlock Platform Makes Decentralized Id Made Simple to construct and use safe foreign money, digital funds, pay as you go accounts, and loyalty factors.
“Over the following few weeks, we would like each firm to start to see the worth of giving again customers management of their very own knowledge and to see how decentralized identification can be utilized to switch current legacy techniques and to create wonderful new experiences for end-users. I DID IT is targeted on displaying what is feasible proper now and to allow everybody to instantly work together and use decentralized identification within the real-world. We additionally need builders and companies to see the potential alternatives for his or her enterprise by growing low-cost/high-reward functions that mitigate lots of at present’s safety dangers, take away the necessity to retailer personally identifiable info and to offer everybody the power to create new functions and financial fashions that allow new income streams,” mentioned Robert Mao, CEO of ArcBlock.
This week, ArcBlock is showcasing a use case round decentralized digital “Money App.” Not like earlier generations of fee apps like PayPal or Venmo who required important funding to develop, anybody at present can construct their very own Money App simply. Utilizing the ArcBlock’s blockchain developer platform, it is rather straightforward for any developer, firm or retailer to degree the enjoying discipline and create their very own “Money App” to assist a safe foreign money, crypto-based funds, pay as you go accounts, or loyalty factors system just like at present’s main firms like Starbucks, resort chains and airways. Through the use of blockchain and decentralized identification of their app, these companies can eradicate the greater than 5% of the income they lose yearly as a result of fraud as said within the Affiliation of Licensed Fraud Examiners world examine.
Use Decentralized identification and Foreign money
From a customers’ perspective, the “Money App” expertise showcases completely different currency-based actions which can be already supported at present utilizing decentralized identification. Many individuals all over the world aren’t carrying money, are involved about their privateness and are utilizing different fee techniques on their telephones or utilizing somebody who’s situated in a unique locale. ArcBlock’s Money App situation goes one step additional by letting customers make the most of a safe pockets that permits them to approve each request and simply:
- Arrange a pockets
- Add cash and/or foreign money
- Make and obtain funds
- Join with different folks
- Add and trade extra belongings or currencies
- And extra
On this situation, customers can simply ship and obtain digital currencies, make funds for micro-content or to entry media behind paywalls, trade currencies for different belongings and extra.
ArcBlock is targeted on bringing decentralized identification into the mainstream. Right now, ArcBlock’s main developer platform is exclusive within the blockchain business and is the one blockchain growth framework that features built-in decentralized identification instruments and capabilities to let builders add these options for his or her customers utilizing ArcBlock’s W3C compliant ABT:DID specification.
ArcBlock is remodeling the best way blockchain-enabled functions and providers are developed, managed and deployed by re-imagining how these providers are going to be created within the years forward. ArcBlock consists of a staff of business specialists, builders, technologists, and leaders who’re targeted on creating profitable outcomes by enabling groups and companies to create blockchain-ready providers round their wants. ArcBlock has created a strong however straightforward to make use of growth platform that makes use of the ability of blockchain and decentralized identification together with cloud computing that builders and companies to realize their objectives efficiently. Comply with ArcBlock on Twitter @arcblock_io