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Stockreport

U.S. credit agencies test Canadian blockchain identity network [Reuters (UK)]

CANADIAN IMP BANK of COMMERCE (CM)  More Company Research Source: Reuters
Last canadian imp bank of commerce earnings: 5/23 05:54 am Check Earnings Report
PDF By Solarina Ho | TORONTO TORONTO U.s. consumer credit reporting agencies Equifax and TransUnion say they have joined trials of an experimental Canadian identity network to facilitate sharing of sensitive consumer data over the internet. The firms told Reuters recently that they are participating in early tests of the network being developed by Toronto-based technology firm SecureKey, Canada's biggest banks and others. It runs on blockchain, an emerging technology that businesses and investors hope will dramatically improve the efficiency, reliability and security of online transactions. It's early days for the Canadian project, one of many efforts around the world trying to commercialize blockchain. Investors poured more than $1.4 billion into blockchain startups last year, according to PricewaterhouseCoopers. The SecureKey network allows consumers to securely verify their identity, then easily authorize sharing of personal data between parties [Read more]

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