Blockchain Firm Says Banks Need DLT to Manage Identities Better By Cointelegraph


Blockchain Firm Says Banks Need DLT to Manage Identities Better

Blockchain firm HashCash Consultants claims that banks are “chief arbiters” of people’s identities, and need blockchain technology to do it better.

According to an Aug. 11 announcement, “accurate identification of an individual is central to banking activities which makes them the chief arbiter of people’s identities.” Still, the current system is not without its issues:

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