InfoCert will create a digital identity ecosystem on Algorand
InfoCert, the largest Certification Authority at the European level announced on Nov 9 that they will create a digital identity ecosystem on Algorand, a latest-generation blockchain platform. The aim is to create fluid and transparent monetisation processes.
Today, @InfoCert_it announced they will create a digital identity ecosystem on Algorand! Leveraging Algorand’s ASA functionality, the DIZME decentralized #digitalidentity platform will guarantee swift, fluid & secure credential monetization processes: https://t.co/FktEnnZOzJ pic.twitter.com/vX5r3QtNqU
— Algorand (@Algorand) November 9, 2020
Daniele Citterio, CTO of InfoCert (Tinexta Group) said: “Making DIZME a distributed identity ecosystem, where owners do not only exercise full power over their credentials, but also benefit from a rewarding remuneration system without the need for intermediaries: with Algorand we provide the best blockchain technology based on standards for achieving this objective, ensuring the secure and swift monetisation of exchanged credentials. We are convinced that this partnership is not only a fundamental step for the further development and dissemination of DIZME, but may evolve to support our commitment as facilitators of digital transformation at global level”.
“The self sovereign identity solution that InfoCert brings to the expanding Algorand ecosystem is a critical component,” said Steve Kokinos, CEO of Algorand. “We are excited they have selected Algorand as the platform of choice and believe their offering provides an ideal alternative for a centralized solution for personal information, something that the internet has not been able to solve for.” he added.
Algorand built the world’s first open-source, permissionless, pure proof-of-stake blockchain protocol for the next generation of financial products. This blockchain, the Algorand protocol, is the brainchild of Turing Award-winning cryptographer Silvio Micali.