Blockchain technology is taking over the world and everyone is interested in cryptocurrencies, especially millennials. This is the latest “gold rush” and we all want a piece of it. While Bitcoin, Ethereum and Ripple might be ruling the market right now, this doesn’t mean that investors are limited to those choices.
There are hundreds of new blockchain projects that come out every year and investing in them is the best way to generate crypto profits. Although, investing in cryptocurrencies doesn’t guarantee profits and new investors should make sure to never invest more than they can afford.
Nonetheless, today we are going to present some of the most promising blockchain projects which are expected to become huge in the upcoming future.
This blockchain project is develop by a private company from Herriman, Utah. The main purpose of this private company is to create products and services that focus on self-sovereign ID. Considering that IAM uses blockchain technology, this opens the space for many potential stakeholders which makes the Plenum code open source.
We should also mention that real-world trials are coming. A couple of months ago, Evernym revealed that it teamed up with the state of Illinois in order to work on a new blockchain pilot which will help the government make use of distributed ledge applications through actions such as storing birth registration data.
UPort comes from Brooklyn, New York and its product is an app that’s designed towards smartphones. The app basically embodies the principles of self-sovereign identity. We should also mention that this app integrates with the Ethereum blockchain which is known for being a great platform for creating smart contracts and DApps (decentralized apps).
People who decide to use uPort will need to create digital identities. In order to do this, those people will need to physically go to a city office and verify their personal information through real-id papers.
The post The Most Exciting Sovereign Identity Blockchain Projects appeared first on News4C.