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CIP Creates New Blockchain ID Platform With IBM

Janelle Fox

Summary: Facilitator of Brazilian banking and financial infrastructure CIP has launched a new blockchain ID platform, according to CoinTelegraph. CIP partnered up with IBM and used Hyperledger Fabric to make the blockchain ID platform happen. The platform named Device ID will be used by nine different banks and is being used by Brazil’s domestic clearing system, ...

Facilitator of Brazilian banking and financial infrastructure CIP has launched a new blockchain ID platform, according to CoinTelegraph. CIP partnered up with IBM and used Hyperledger Fabric to make the blockchain ID platform happen. The platform named Device ID will be used by nine different banks and is being used by Brazil’s domestic clearing system, the Brazilian Payment System. The purpose of the ID system is to analyze and verify digital signatures to prevent financial crime.

Author: Janelle Fox

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