Who Are You?
There are many ways that you can be identified, all of which involve ID provided by the state. Many organizations or entities that are saying Blockchain ID management is years or even decades away are, in our opinion, not thinking it through and using fear of blockchain within the general public as an excuse. The proof they have for these statements are highly dubious at best. The key point? False ID and fraud would bring down the system. It hasn't yet. In point of fact, blockchain and IM would, potentially reduce the amount of fraudulent ID.
Why do we say it hasn't yet? Simple, fake ID's have been around for a long time, yes they are getting more sophisticated, as more technology is incorporated into the ID. But, holograms, watermarks etc are duplicatable and can be faked in ID (even the new electronic strips in passports can be faked). Has this brought down the system or has it created a distrust within the system? No. Has it forced a greater level of scrutiny? Yes.
This is exactly where IAM and Blockchain belong. The critical factor that everyone points to is the level of trust. We have emphasized the idea of a trusted intermediary. This technology allows for a number of factors:
- the idea of personal security and identity management
- minimized potential for fraud and identity theft
- a clear "chain of custody" of your ID and how it is used, among other factors.
Can this be said for the current state of ID? No. Unless you have the ID in your possession at all times and no one else can access it, which is impossible, there is no way to control it.
There are already biometric Identity Management solutions that are being used, and they are effective. They minimize fraud and maximize security for everyone involved. It's part of the refugee program used internationally. This will also be adapted by the various governments to allow refugees to immigrate (assumption on our part is it would certainly create a layer of security within the process). It will also make for a much smoother system, since the immigration / refugee process is very much like using a large digital camera to do a colonoscopy, invasive and highly uncomfortable, but many feel that because these refugees are already in horrible situations, let's make them feel even worse, so it's ok for that to be done. The biometric blockchain IM is a better system and allows for a greater degree of control from all parties, at all points.
Our question: If it's being used internationally, and successfully, why would it not be used as an ID system in country? From what we've been able to piece together: it's the NIH or NIMBY attitude. The one thing that kills adaptation, kills the idea of innovation and creates unnecessary fear.
If the idea of Biometric Blockchain IM is adapted, it would mean a better and more reliable system for opening bank accounts, travel, etc. Is the system perfect? No. But, frankly, no system is. Mistakes and errors occour all the time. Are they fixable? Of course. But, like the many that are still having a hard time with the idea of cryptocurrency versus traditional currency, it's purely a case of the fear of the unknown. To be clear, we are not advocating RFID tagging of individuals, that to us is invasive and needless. And it provides no security. The idea behind Blockchain Biometric IM is solid. The pieces are there. They simply need to be joined together.