- Bridge between physical and digital identity: an insurance company could introduce such a service to set up a credible digital identity for its customers, in order to make regular dealings such as contract signing, claims management and payments more efficient.
- Recently integrated to Blockstack Labs, Onename aims to simplify digital identity verification by enabling users to create a profile and register their blockchain ID. In turn, this avoids typing long wallet addresses or anonymous QR codes (that can lead to transaction mistakes).
- Profiles are established online, verified by email and trust levels are built by adding social media accounts such as Facebook, Twitter or Github.
- Onename is currently developing new features to allow users to login to applications or online sites with their digital ID similar to logging into sites with a Facebook account.
- Previously built on Namecoin, Onename moved its features to Bitcoin for scalabity and improved security.
- Serve the underbanked: a potential for users to open their own cryptocurrency bank account, send money across borders and even apply for loans.
- Information transparency: Onename reassures users of the receiver’s identity, ensuring that no errors are made by copying or pasting bitcoin QR codes, or mistyping wallet codes.
- User ownership: the platform gives users control over their online identity which can be shared online via social media, business cards or profiles, etc.
- Integrated support: developers can add Onename to give users password-free logins, secure messaging and control over privacy and data access.
How it works
- Users sign up via email then create a username and profile. Once the email address by a confirmation email, users save the account backup file on their computer or on Dropbox.
- To increase the profile’s trust level, users are encouraged to add a photo of themselves and add links to verify their Twitter, Facebook or GitHub accounts.
- Users can then send Bitcoin to one another by: typing in the person’s Onename username, using the QR code or using the wallet code.
- Onename unveils a new product, Passcard
- Onename announces its integration to Blockstack