Will Blockchain be able to replace username and password system in the future?

0 votes
Will Blockchain be able to replace the username and password system in the future?
Jan 3 in Events & Trending Topics by Ali
• 10,450 points
42 views

1 answer to this question.

0 votes

Well, so there are companies that are actually working on this but are in a very early testing state. Blockchain Distributed Ledger Technology in combination with Digital Identity Verification can create something mindblowing. How is this possible?

They are creating a digital wallet that can be used as a personal repository which will contain all personal and financial data and knowing anything about anyone would be possible. But you might have a doubt, why would I want anyone to know everything about me. But there also exists a functionality for of course security purposes where such details can only be accessed by authorized people and only with the user's permission.

They also have something called CULedger that allows the users to control who can see how much of their information and get purchase approval without income being exposed etc.

So now imagine a company can know about the employee's history by just a virtual button click or a bank can know about a person's financial status with just a click. pretty cool, isn't it?

Will all these upcoming features blockchain will soon replace the login systems.

answered Jan 3 by Charlie

Related Questions In Events & Trending Topics

0 votes
1 answer
0 votes
1 answer
0 votes
2 answers

Will machine learning still be a big thing in 2019?

Hello, Yes, machine learning is a big thing ...READ MORE

answered Apr 1 in Events & Trending Topics by SA
• 1,030 points
37 views
0 votes
3 answers
0 votes
1 answer

Truffle tests not running after truffle init

This was a bug. They've fixed it. ...READ MORE

answered Sep 11, 2018 in Blockchain by Christine
• 15,790 points
105 views
0 votes
1 answer
+5 votes
42 answers

Ways of improving the Indian education system

Our education system is like a Rat ...READ MORE

answered Jul 4, 2018 in Events & Trending Topics by findingbugs
• 4,750 points
218 views
+3 votes
6 answers

Is creating an AI system like J.A.R.V.I.S. possible?

Yes, it is possible but not in ...READ MORE

answered Nov 27, 2018 in Events & Trending Topics by Samarth
529 views