Yesterday,
Shyft Network announced that it is developing digital IDs with the Bermuda government. The blockchain platform has now started phase one of the ‘Perseid’ project, which aims to provide IDs for enterprise and citizens to operate with public services.
Shift’s platform is a combination of networks and protocols powered by blockchain, with the primary goal of interoperability between systems. The first phase of its Bermuda identity project will build infrastructure on the Shyft platform to enable smart contracts, data portability, and regulatory compliance.
“When e-IDs are used in conjunction with a compliance-based regulatory framework and paired with best-in-class technology solutions, e-IDs can create a digital identity authentication mechanism and bridge for the residents of Bermuda to permission the exchange of attested data attached to that e-ID,” explained Bruce Silcoff, the CEO of the Perseid project.
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