Secure Identity Ledger Corporation Introduces Blockchain Platform for Delivering First-Ever Turnkey Digital ID System
September 2017 by Marc Jacob
Secure Identity Ledger Corporation (SILC)(sm) announced in advance of its Token Sale the preview of its blockchain platform and web portal. Blockchain My Secure Ledger will be the entry point for individuals, government and companies to learn how digital ID data can be recorded, managed and distributed in a more equitable way.
SILC will provide the first-ever turnkey digital ID system for consumers, including registration, authentication, verification and personal monitoring. The platform will provide individuals with a unique digital token that enables them to prove their identity to third parties. And unlike other Blockchain solutions that operate on a Proof-of-Stake or Proof-of-Work basis, SILC operates through a Verified Existence Algorithm(sm) in which both parties can exchange and confirm information through the SILC dashboard without it being recorded. SILC’s One Digital ID is cryptographically secure, unalterable and legitimate.
Since the dawn of the personal computer age (1980s) and increasingly during the Internet age (1990s), consumers have given up control over their personal information. Our online identities today are comprised of a swath of personal data and scattered across the Internet under multiple usernames and passwords. Banks, online shopping destinations, social networks and hackers, among others, are in control of our ID. And as the physical and digital worlds merge – from online grocery shopping to virtual doctor’s visits – it’s more important than ever that users take back control.
Consumers who create their digital IDs now will be among the first to benefit from the Blockchain Age. They will receive one, encrypted digital ID in sync with the blockchain, not stored on a phone or computer that can be easily lost, stolen or broken. One Digital ID is stored in pieces that when used in a transaction come together to form each individual’s own, unique pattern to validate their identity and complete an exchange or operation.
By building its own blockchain platform, My Secure Ledger, SILC is removing roadblocks such as miners dictating fees or forking the chain. Consumers can be confident the My Secure Ledger blockchain will always be accessible and supported and the impending bloat of the existing blockchains won’t impact their accounts.