October 19, 2016

Blockchain Technology Can Help Save Refugees by Giving Them a Verified Identity

What if you had no proof of who you are? What would you do when the bank manager asked for ID when you tried to open an account or when the hospital asked for your documentation?

You wouldn’t be able to function, at least not easily. Billions face this problem internationally, but now blockchain technology is helping those with no paper proof of existence get the same services as those with “official” identification.

Blockchain technology, made famous by cryptocurrencies like Bitcoin, is a coding method that allows for secure record keeping in online community ledgers. Network members share and confirm information across computers with no central authority. No one user controls the information or messes with it independently; members must jointly confirm information before it’s added to the jointly-held data repository. 

Read more at Quartz

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