HashCash in Collab-talks with Singapore Government for Digital Identity Verification Platform
California based HashCash Consultants is in talks with the Singapore government to work on a project related to blockchain based digital identity verification platform.
In recent years, Singapore has become a hotspot for blockchain adoption and implementation. The supporting attitude of the government towards Decentralized Ledger Technology, puts the country as one of the frontrunners in global blockchain development.
Singapore government has announced several blockchain-based projects in the public sector to upgrade their infrastructure. One of the leading companies that they are collaborating with is HashCash Consultants. The company is in talks with the Singapore government for project collaboration on a blockchain-based digital identity verification platform.
The Features of HashCash’s Digital Identity Verification Platform
From creating a profile on the social media platform to opening a bank account, every online interaction and transaction requires access to one’s digital identification details. This dependence on digital identity has given birth to a host of issues. One of the major concerns among people these days is the privacy and security of their digital data. Identity thefts, forgery, and financial frauds are quite common, which has made fortifying the security of one’s digital identity the need of the hour.
Hopefully, blockchain technology has the solution to this problem. It can help in building a system that can create, verify and manage one’s identity. Not only that, but a blockchain-based platform also comes with a value of privacy. Instead of a central authority or an intermediary, an individual will have full access to his/her identity, keeping control of personal data in the hands of the owner.
HashCash Consultants’ identity verification platform that has gained a lot of appreciation from clients since launch. Owing to that success, they are in talks with the Singapore government regarding their assistance in a project on digital identity.
Highlighting the importance of blockchain-based digital identity verification platform, Raj Chowdhury, the CEO of HashCash Consultants stated that, “The whole idea is to replace the existing system of siloed identities, multiple passwords, and unsafe databases with frictionless, secure identity verification.”
About HashCash Consultants
HashCash is a global software company. HashCash Blockchain products enable enterprises to move assets and settle payments across borders in real-time for Remittances, Trade Finance, Payment Processing and more. HashCash runs US-based digital asset exchange, PayBito & digital asset payment processor, BillBitcoins. HashCash offers exchange and payment processor software solutions, ICO Services and customized use cases. HashCash propels advancement in technology through Blockchain1o1 programs and its investment arm, Satoshi Angels. HashCash offers solutions in AI, Big Data and IoT through its platforms, products & services. HashCash solves the toughest challenges by executing innovative digital transformation strategies for clients around the world.