Identity - Take Control Of Your Personal Data - Persona, Civic
On today’s episode, we’ll be talking about how blockchain technology will be impacting the identity verification industry. Online fraud and identity hacks are a serious problem. Identity theft, fraud cost consumers more than $16 billion in 2016. We revisit the Equifax hack and the downsides of the current industry: companies becoming custodians of our data. Your data can live in a centralized company data system forever, vulnerable to data thieves. High school and college kids; Fake ids may be a thing of the past... Two blockchain projects offering a solution to verify identity cheaper, faster, and MUCH more securely: Persona and Civic Blockchain technology has the opportunity to enhance a broken industry for the better.