Troubled on-line retailer Overstock has invested $2 million USD in blockchain-based identification agency Evernym by its crypto division, Medici Ventures.
Blockchain-Primarily based Id Know-how
Evernym was based in Salt Lake Metropolis in 2013 and has developed a blockchain-based expertise that enables organizations and governments to situation, settle for, and confirm credentials that function equally to a digital passport. Its digital credential platform, Verity, permits organizations to work together with prospects whereas giving purchasers management over their knowledge. The expertise makes use of blockchain to develop a decentralized ecosystem of digital credentials that’s extra reliable than bodily credentials. Overstock’s funding will …
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