Coinbase Mulls Decentralized Identification Project аfter Distributed Systems

[dalaganicole]

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.

By: by Marin Marinov

Read more: https://cryptovest.com/news/coinbase-mulls-decentralized-identification-project-fter-distributed-systems-buy/?utm_source=Investing.com&utm_medium=PartnerFeeds

[btyco]

They should have acquired thekey which is already working on the neo platform. Although it is only used in china right now it can easily be applied in other countries too. ID on the blockchain is going to be the next step forward to full decentralisation