Traditional Culture Encyclopedia - Traditional culture - Bridge reshapes secure digital identity

Bridge reshapes secure digital identity

As a new generation of innovative technology, blockchain has accelerated the integration with traditional industries, and technologies and applications such as blockchain finance, blockchain logistics, and blockchain AI are constantly emerging. With the continuous enrichment and landing of blockchain application scenarios, it can be said that blockchain will play a bigger and bigger role in people's production and life, and more and more industries and enterprises will face the opportunities and challenges brought by blockchain. One of the characteristics of both the network era and the future blockchain era is "digitalization". The foundation of digital activities is the user's "digital identity". We must ensure the authenticity and validity of an individual's digital identity, as well as a series of activities, transactions and other information and data related to it. Therefore, the development of digital identity system is also the trend of the future, and blockchain technology will provide a series of feasible solutions by virtue of its decentralization, multi-party **** knowledge, can not be tampered with, open and transparent, traceable and other characteristics. Based on this, Bridge was born. By looking at the whitepaper, we find that Bridge is an open, distributed network of trusted machines, where users deliver real-world value and applications through behaviors, standards, and enforcement mechanisms. The system enables users to deploy business processes that are compliant with existing standards and regulationsWhat is Bridge?BRIDGE is a secure digital identity on the blockchain, and the BRIDGE protocol facilitates interactions between bridging users, trusted authentication partners, and integration network partners. This combination creates a thriving, scalable and secure digital identity platform. bridge's private blockchain will provide secure asset handling, with the goal of using smart contracts to ensure trusted execution, and regulatory compliance. The system will consist of trusted virtual machines that provide user-accessible functionality for enterprise-grade business operations.Bridge will begin distributing digital identities that allow individuals and businesses to participate securely and freely while building a broad network of authentic trust. The company will centralize the issuance and management of early identities to facilitate a reliable and stable foundation. This management system will allow self-sovereign identities to be recognized and managed for broader adaptability and diversity. The first service to be offered on the protocol is a layered tokenization of these identities, which, together with the contractual logic developed by Bridge Protocol, will allow for the initial issuance of tokens, using KYC to ensure compliant information.What are the features of the digital identities and KYC services developed by Bridge? For the development of digital identities, Bridge Protocol uses blockchain technology that ensures safe and secure authentication. With simple API integration, organizations no longer need to rely on third parties to verify their users. For KYC services, the BridgeChrome extension allows organizations to verify authentication documents and their users. The marketplace supports vendors that offer related services. Competition drives competitive pricing while ensuring that user data is never stored. And, easy-to-read developer documentation can be integrated directly on BridgeNetwork. Verify work history, social media presence, and more with BridgePassport.How does Bridge verify identities?Bridge extensions allow users to easily send their NEO address along with a verified identity. If a business has to verify age, that's what they see! This ensures that the business gets what they need to be compliant. Users are bound to a blockchain with a digital ID that serves as their digital signature. At this point, the user's identity is recorded in the NEO Smart Economy and cannot be changed or ported.BridgeID is reusable. There is no need to send a Passport to multiple exchanges and no need to know who the recipient is. Verify once and you have a digital identity. KYC authentication is accomplished by sending a publicly available address via BridgePassport! The Bridge protocol was developed for the global community. It has been supported in more than 250 countries! What is Bridge's innovation in terms of legal compliance? Complying with existing laws in different countries will be a challenge. In Europe regulations such as the General Data Protection Regulation (GDPR) require that user data must be portable, portable and secure.Bridge will create a marketplace to support new legal services for token sales, wills, employment agreements and more. This will facilitate the continuous development and updating of services to accommodate new regulations and legal changes. Contributors to the legal process will receive local tokens as an incentive to produce new micro-services. Participants will be able to see the background of auditors and their license status to practice law. bridge tokens will be used as payment to the legal team and to process the microservices. bridge will connect software developers and legal experts on a platform that facilitates collaboration and community benefits. In conclusion, authentication is the core of personal information applications, and Bridge with blockchain technology provides a new solution for authentication. Due to the blockchain's characteristics of non-tampering and traceability, it will completely realize the protection of personal information and improve the credibility of digital identity, which can largely safeguard the privacy and security of personal information.Bridge will also provide reliable templates for token sales and better procedures for KYC participants. Microservices will reduce regulatory scrutiny and compliance costs while delivering high quality products through storefronts designed to meet the needs of the community. The authors believe BRDG has a promising future and look forward to its performance in the Potential Zone.