Ubic stands for "Universal Basic Income" Currency, but a additional meaning like "Unique Blockchain Identity" Currency could be correct too?
i like "Unique Blockchain Identity Currency"
However I think that we should speed up because we now have some direct competitors. Take a look at
https://q.org they are planing to use the E-Passport too.
Quote from q.org:
PROOF OF PERSON
E-passports
RFID-chipped travel passports are the most widely circulated document in the world. Adoption rates became especially high in recent years. The USA is near 50%, and European countries are near 70-80% or higher. Worldwide, RFID-chipped passports are in the vicinity of 1 billion.
RFID-chipped passports support NFC (Near Field Communication). This allows us to create a Proof Of Person by verifying the passport authenticity with the signing authority. Through a mobile phone app, this can be done in a user friendly way and without anyone needing to receive your passport details, ensuring your privacy.
To prevent passport abuse by third parties, we can add an additional decentralized video verification system. This will ensure that the person in possession of the passport matches the passport picture.
They intend to launch in 2019, there are no information about who is behind the project.