Brazilian Payment System To Integrate Blockchain-Powered Digital ID Platform

Blockchain, Innovation, News | June 4, 2019 By:

A blockchain-based identity solution powered by Hyperledger Fabric will reportedly be integrated into the Brazilian Payments System (SPB).

The identity solution was co-developed by tech giant IBM and CIP, Brazil’s Interbank Payment Clearing House. The solution is designed to authenticate and verify digital identities for users’ bank accounts by using an individual’s mobile phone and SIM card information in combination with other smartphone-derived personal data.