Coinbase Mulls Decentralized Identification Project аfter Distributed Systems Buy
Cryptovest
Published Aug 16, 2018 06:40AM ET
Updated Aug 16, 2018 08:00AM ET
Coinbase Mulls Decentralized Identification Project аfter Distributed Systems Buy
Coinbase, one of the largest cryptocurrency players, has acquired blockchain startup Distributed Systems, which focuses on identity standards for decentralized applications (dApps), Coinbase identity project manager P. Byrne said in a blog post on Wednesday.
According to Byrne, blockchain technology offers a chance to put control back into users’ hands by allowing them to manage their data on the Internet. For Coinbase, the acquisition is a means to push forward plans for a blockchain-based identification system that will make virtual currencies and their system more widespread.
“As we continue our work to bring cryptocurrency into the mainstream and help create an open financial system...
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