Bitcoin Forum

BitID Will Verify Your Identity with the Bitcoin Blockchain

BitID is now concluding a successful testing period, and should be ready for other services to use in the near future.

Although credit cards and e-commerce have opened up international markets and made spending money almost too easy, there’s a serious side effect – identity theft is rife, thanks to multiple companies storing highly sensitive personal ID data on systems prone to theft and data-mining.

Bitcoin wallet and business directory Airbitz has teamed up with BitPOS, an Australian payment processor, to trial BitID – which they hope will replace these user-unfriendly systems with a simple blockchain-based token.

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