HashCash’s blockchain based Identity Verification Platform, helps individuals to establish, verify and secure their identity and data online without interference from any third party intermediary.
Palo Alto, CA (PRWEB) - The privacy and security of an individual’s digital identity is a major concern in this Digital Era and blockchain technology might just be the solution to fortify your identification details. Keeping that in mind, HashCash Consultants presents its blockchain-based Digital Identity Verification platform. The company is helping clients to establish their digital identity by blockchain technology.
The details essential to one’s identity and other data are valuable assets, which in the wrong hands can be catastrophic. Any breach in data security can lead to fraudulent financial activities and identity thefts. Then there is also the question of data privacy. While availing certain online services, the user is required to input valuable information and identity details to the concerned organization, giving them access to such information even if they don’t want to. Here’s where blockchain comes to the rescue. It helps in creating a system that can be instrumental in creating, proving, and verifying and managing one’s identity on digital platforms. Such a system safeguards your online identity and data and also keeps control of that data in the hand of the user. With blockchain, you don’t have to rely on an intermediary identity provider.
Salient features of HashCash’s Digital Identity Verification Platform:
HashCash provides the user with a wide variety of features such as:
How the HashID works:
The HashCash digital identity platform has great use in the Finance, Healthcare and Government sectors:
Blockchain-powered digital identity system can help governments to work in sync with insurance companies and car dealerships by allowing the drivers to prove and verify their identity, ownership of vehicles and insurance proof.
In the finance sector, the customers who are using IDs issued by the government and proof of their employment can get assistance from the bank in case they are applying for a loan all the while staying at par with the federal KYC regulations.
Identity verification is very important in the healthcare sector to maintain patient records. The blockchain-based system offers unified coordination and connection among multiple parties such as the patient and the doctor’s office, any third party clinic, and an insurance company. When all of that falls in a straight line it makes receiving and providing medical assistance easy and hassle-free.
About HashCash Consultants
HashCash products enable enterprises to move assets and settle payments across borders in real-time using the HashCash Blockchain network, HC NET. Financial Institutions use HC NET for Retail Remittances, Corporate Payments, Trade Finance, and Payment Processing. HashCash also runs the US-based cryptocurrency exchange, PayBito and the leading Cryptocurrency payment processor, BillBitcoins.
HashCash offers cryptocurrency exchange and payment processor white label solutions, comprehensive ICO services and customized use case design and development. HashCash propels advancement in the field of blockchain through the Blockchain1o1 program and its investment arm Satoshi Angels.