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Ontology and bloXmove to bring decentralized identity to urban transport apps
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Ontology, a developer of self-sovereign identification systems on the blockchain, announced a partnership with decentralized mobility platform bloXmove on Tuesday morning in a bid to accelerate the development of its decentralized credentials. The decentralized digital identity protocol, or DID, will enable blockchain participants to share their personal information, such as a driver's license, in a private, secured, and encrypted manner.
DIDs may one day be required for complex decentralized finance applications, such as urban transport apps, decentralized health insurance, or decentralized car insurance. Simple smart contracts would not suffice in processing, for example, where a decentralized insurance underwriter covers a user's claim
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