Kvě 16

Blockchain-Based Identity Management Will Soon Be a Reality

· May 16, 2017 · 6:00 am

Airbitz has partnered with Sphre to secure their Blockchain-Based Identity Management Platform, AIR.

Airbitz Partners with Blockchain-Based Identity Firm

Sphre, a blockchain-based identity management firm, announced their partnership with Airbitz, one of the most popular mobile Bitcoin wallets and a data security platform with over 140,000 users. Airbitz has been working on its Edge Security Platform since the company’s inception, focusing on providing a secure and easy-to-use solution for decentralized blockchain projects and dApps as a means enhance cryptocurrency mass adoption.

Announced today, the partnership will see Sphre leverage Airbitz’ Edge Security, a blockchain-agnostic and zero-knowledge single sign-on solution, to secure their smart contract-based platform, AIR.

Daren Seymour, Director at Sphre commented on the new partnership:

The easy and intuitive user experience, coupled with rich functionality, great development environment and team made Airbitz an easy choice when considering the right partner for Sphre. We look forward to delivering an easy-to-use product to the market, and our partnership with Airbitz is a key component on this journey.

AIR is digital identity and individual microeconomic engagement system based on blockchain infrastructure, allowing individuals, enterprises, and organizations to manage their digital identity through a single, decentralized application, thus retaining full control and ownership of said identity, which would not be possible in a centralized setting.

The AIR whitepaper reads:

In an interconnected, open digital world it does not make sense that digital identity is still fragmented in outdated, closed systems.

The AIR Platform is build upon the Hyperledger blockchain and is comprised of two major components: The Chaincode or ‘smart contract’, which forms the basis of the given identity, and the Application Programming Interface (API), which will allow third-party organizations and enterprises to integrate support for AIR into their existing and new systems, while the mobile application secures and maintains each individual’s private key.

The AIR Platform & XID tokens

Currently in development, the AIR Platform will soon host a crowdfunding campaign to fund the development, marketing, and management of the AIR project. During the crowdfunding campaign or ICO, participants will receive XID tokens, which are used within the Air platform to facilitate identity-based transactions and handle profit-sharing disbursement based on the customizable monetization agreements that users can engage in.

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The XID token is to be issued on the Bitcoin blockchain through the Omnilayer platform that allows the distribution of digital identity monetization benefits to be handled through a decentralized mechanism, which is far more transparent and reliable than traditional alternatives.

Due to the use of Omnilayer, AIR will not only allow any given user or organization to “authenticate/authorize themselves against their registration”, but also to attest/verify the identity of an account with whom they have successfully transacted, based on information found on the Bitcoin, the safest and oldest blockchain in the world.

Can blockchain technology become the new security standard for individual and enterprise digital identity? Let us know in the comment section.

Images courtesy of Shutterstock

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Lis 02

AirBitz and WINGS Partnership Secures Future of DAOs

Source: bitcoin


Bitcoin wallet and security solutions provider Airbitz recently announced a partnership with WINGS to integrate Airbitz’s Edge Security login to decentralize private key security and help make DAOs accessible to a wider development community.

Airbitz and WINGS Partner to Secure the New DAO

Through the partnership, WINGS will implement sound processes for private key management, in turn making DAO participant actions more frictionless and overall increasingly secure.

Airbitz’s blockchain-inspired, zero-knowledge data security solution enables end-users to securely access a multi-blockchain environment with a single sign-on experience.  As a result, users retain their ability to manage their own private keys and authentication, without trusting or interfacing with third party providers. Since its release, developers have been able to use this open-source Edge Security SDK for their decentralized applications.

“WINGS, much like Airbitz, is committed to delivering a user-friendly experience for people interested in using blockchain assets in their applications,” said Airbitz CEO Paul Puey.

“Our partnership with WINGS will make interacting with the next generation of DAOs a seamless and accessible experience. We’re proud to add WINGS to the growing list of premier blockchain apps powered by Airbitz Edge Security.”

DAOs are the closest realization to an automated organizational structure yet, bridging new decentralization and investment technologies to enable for expanded, internationally-focused business opportunities. WINGS combines the DAO concept with decision-making using decentralized forecast markets, while a front-end UI gives customers access to these advanced solutions through a smart phone. With the WINGS project, investors know that DAO technology and prediction markets give proposed projects sound infrastructure upon which to flourish.

“We’re excited to partner with Airbitz and offer this to the WINGS DAO community,”said Boris Povod, WINGS Core Developer. “Airbitz lets people easily interact with DAOs using stored encrypted private keys, and anyone can login simply with a username/password.”

Additionally, Airbitz recently announced equity in the company can be purchased via Wefunder.com for non-accredited investors, and on BnkToTheFuture for accredited investors. To date, Airbitz has raised over $440,000 from more than 200 different investors.

What do you think about the recent partnership between AirBitz and WINGS? What does a partnership like this mean for the future of DAOs? Share your thoughts in the comments below!

Images courtesy of Airbitz, WINGS.

The post AirBitz and WINGS Partnership Secures Future of DAOs appeared first on Bitcoinist.net.

AirBitz and WINGS Partnership Secures Future of DAOs

Říj 24

Airbitz to Leverage US JOBS Act to Raise Funding for Expansion

Source: bitcoin

Airbitz to Leverage US JOBS Act to Raise Funding for Expansion

SAN DIEGO — Airbitz, a popular bitcoin wallet provider, has announced the launch of a new crowdfunding campaign through Wefunder. Through Wefunder’s BitPay integration, Airbitz will become the first company to raise bitcoin investments in full compliance with Title III of the JOBS Act.

Also read:  Technical Analysis: Explaining the Weekend Bitcoin Price Rally

Airbitz to Raise Funds in Compliance With SEC Rules

The JOBS Act — or the “Jumpstart Our Business Startups Act — was signed into law on April 5, 2012. The purpose of this law is to make it easier for startups to go public and raise capital privately. Title III of the Act applies specifically to crowdfunding, which Airbitz will now take advantage of in raising new funds for expansion.

“We hope to obtain new capital to grow our company,” Airbitz CEO Paul Puey told Bitcoinist. “And by doing it through crowdfunding, we enable our existing user base to take part and feel a sense of ownership in a product they already use.”

Puey also told Bitcoinist that his company has a funding goal for its Wefunder campaign. Due to SEC rules, however, Puey cannot publicly disclose exactly how much Airbitz aims to raise at this time.

“The [Wefunder] campaign will accelerate progress towards the creation of secure, user-friendly decentralized applications,” Puey said in a press release.  

Wefunder is an equity crowdfunding platform catered to startups looking to raise capital in order to develop their products and ideas. According to its website, the platform has seen over $16 million USD in investments since 2013. After raising their initial capital on Wefunder, those companies reportedly went on to raise over $600 million in venture capital. The Wefunder website claims that nearly 80,000 investors have used the platform, contributing to projects such as Freight Farms, CaseText, Geekatodo, Checkr, and Zenefits.

The San Diego-based company became popular for its developer SDK, which can be integrated into blockchain applications to provide a secure login environment. The security is provided through the use of the Airbitz mobile bitcoin wallet. Users sign into the blockchain application by scanning a barcode with the wallet, and then creating a user account with fully-encrypted login data.

According to the company, this method protects users from server-side hacks, as all stored private data is fully encrypted. Airbitz’s website claims this service constitutes “the world’s first zero-knowledge single sign-on solution.   

If the Airbitz hits its Wefunder goal, combined with its lead investment of $150,000 from Lakeshore Energy Capital, Puey said the company would be able to deliver on its promises for several SDK integrations currently in the works.

“We have many exciting business opportunities with our security platform,” Puey said, “and we simply need the resources to execute on them.”

The company also has an ongoing crowdfunding campaign with Bank To The Future. Puey told Bitcoinist that the funds raised from that campaign will also go towards its SDK integration projects.

Do you think Airbitz’s compliance with the JOBS Act will help it reach its crowdfunding goals? Let us know in the comments below.

Images courtesy of SiliconHills, Airbitz.

The post Airbitz to Leverage US JOBS Act to Raise Funding for Expansion appeared first on Bitcoinist.net.

Airbitz to Leverage US JOBS Act to Raise Funding for Expansion

Led 13

I Use Bitcoin To Save Money

Source: bitcoin

I Use Bitcoin To Save Money

There’s a new website on the crypto-block that was created to show real people who save money using Bitcoin. The digital currency has quite a bit of great attributes like decentralization, an open source code, and being the first true peer-to-peer money worldwide. Another pretty cool aspect about Bitcoin is certain applications can also save people money literally every day. So Thomas Hunt host of Mad Bitcoin’s created this site and video to create excitement for these money saving features. Here’s what he told Bitcoinist:

“I made this video because I want people to know how much money they could save by using Bitcoin. If you like saving money, you should be into Bitcoin.” — Thomas Hunt, Mad Bitcoins

Also read: Peter Todd Double Spends on Coinbase

iusebitcointosavemoney.com has gathered together some of the creative innovators, executives, and enthusiasts in the digital currency industry to tell people about Bitcoin savings. Applications such as Fold, Airbitz, PurseGyft, and others save people money every day by using the virtual money. Savings can be upwards of 20% when purchasing using these platforms. These community members appearing in the short video want the public to be aware of this especially with a looming recession ahead of us.

So employees of Airbitz, Purse, Fold, Gyft and an array of other guests have partnered up with the Mad Bitcoin’s host to make this video and website. Some of the members of the community that joined forces to record the short film include Barry Silbert and associates from the Digital Currency Group (DGC). Other industry movers and shakers including Brock Pierce, Roger Ver, Will Pangman, MK Lords, Blake Anderson, Jason King, and much more join in. Also, Readers here at the Bitcoinist are encouraged to submit a 30-second video of you saying the same testimony:

“I Use Bitcoin To Save Money” 

Bitcoin encourages saving money and a different paradigm of the way we operate with mediums of exchange. Existing methods of centralized services and its tethered fiat money hasn’t been working out too well for the people of this world. The decentralized currency was designed to help battle this manipulation and corruption by deploying a system of transparency and peer-to-peer exchange. When people figure out, they can also save significant sums of money using the currency and see percentages deducted off their daily spending this will add more incentive to use Bitcoin.

The team members of Purse, Airbitz, Fold, Gyft, The World Crypto Network, DGC, Blockchain Capital and their friends want the world to know these applications already exist. You can save right now up to 20% using a platform like Purse on Amazon and save a few bucks a week at Starbucks using the AirBitz wallet. After a while, these savings will be something you become accustomed to, and you too will also want to inform your friends and family. So if you’d like to participate in this websites video and would like to shout to the world that you “Save Money Using Bitcoin” then head on over to iusebitcointosavemoney.com today!

Do you save money using Bitcoin? Let us know in the comments below. 

Editor’s Note: The guests mentioned in the above article may not appear in the first half of this video but will be added today at some point. Guest submissions will also be reviewed and added as they come in. 

Images courtesy of crypto-graphics.com, Twitter, and Pixbay


The post I Use Bitcoin To Save Money appeared first on Bitcoinist.net.

I Use Bitcoin To Save Money