“Identity represents one of the most important enabling technologies for the RChain blockchain,” said Lawrence Lerner, CEO of Pithia. “Partnering with lifeID provides RChain with one of the missing links for a secure blockchain: Unified, user-controlled Identity."
SEATTLE (PRWEB) March 22, 2018
"Pithia’s investment accelerates our development of the lifeID Identity Platform,” said lifeID Founder and veteran security expert Chris Boscolo. “Pithia is an important strategic partner for lifeID. We’re aligned technically and philosophically around the importance of an identity-as-a-service layer that will create scalable blockchain ecosystems. This investment will help us deliver our global vision of user-controlled, self-sovereign identity.”
For the past year, lifeID has been working relentlessly to bring identity into the modern era with an open source, blockchain-based identity platform designed to create online and real-world solutions that enable user-controlled and managed identity.
LifeID and Pithia developed this partnership to make the common vision of a blockchain ecosystem built with correct-by-construction smart contracts on a scalable blockchain a reality. RChain is an innovative blockchain that solves the scaling challenges that current blockchains are struggling with, so it is an ideal blockchain for the lifeID Identity Platform. Together with RChain, lifeID will provide the essential identity security layer for Web 3.0.
“Identity represents one of the most important enabling technologies for the RChain blockchain,” said Lawrence Lerner, CEO of Pithia. “Partnering with lifeID provides RChain with one of the missing links for a secure blockchain: Unified, user-controlled Identity. Our investment and strategic partnership ensures RChain will have a market-ready, scalable identity layer at launch.”
lifeID has also been working with other prominent blockchain-based companies and communities to become the identity layer for their application stack. This will allow for a dynamic and robust ecosystem, while ensuring scalability for lifeID, creating maximum value for users and businesses integrating with these various solutions.
The new experience of accessing your entire world with just a phone and the lifeID app is a huge benefit to users. It removes the need for usernames and passwords through single sign-on functionality, in addition to the replacement of cards and key fobs used for access management. Moreover, lifeID can be used to replace real world identifiers, such as driver licenses, gym memberships or even diplomas issued by a university.