Coinbase to Pursue Decentralized Form of Identification Following Acquisition

• The cryptocurrency exchange and crypto wallet company Coinbase has announced that it has acquired Distributed Systems Inc., a US start up developing decentralised identity solutions.

• According to Coinbase’s project manager for Identity, B Byrne, the acquisition will boost Coinbase’s push into developing a decentralised identity service that will “let you prove that you own an identity, or that you have a relationship with the Social Security Administration, without making a copy of that identity”.

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Source: https://cointelegraph.com/news/coinbase-to-pursue-decentralized-form-of-identification-following-acquisition

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