ShareRing to test bitcoin ID in the American government’s age verification process

ShareRing, based in Melbourne, has been chosen as the first digital identity company to begin testing its technologies for the American government’s US$$ 4 million verification technology trials, which were approved late last year to impose social media restrictions on minors.

The blockchain company will conduct a pilot project with Darwin-based college students to test its self-sovereign personality platform, which enables users to verify their age in a secure, safe manner while maintaining privacy for their personal information.

Tests are scheduled to begin next year as Australia tries to pass new regulations that would allow minors under the age of 16 to create social media accounts. Platforms that don’t comply with the new laws could face fines of up to US$ 30.7 million.

The use of recyclable digital IDs by ShareRing addresses privacy concerns raised by Australians who have argued against the possibility of ID theft in government-run databases. Since the policy was given the go-ahead for trial next time, those concerns have persisted.

The technology “reduces the need for repeated verification while maintaining quick trustless verification and a privacy-first approach,” according to Tim Bos, founder and CEO of ShareRing.

If only one object, such as a government, has control over the information, ShareRing’s blockchain-based technology helps eliminate possible solitary points of failure or data breach challenges.

It makes it possible for users to verify their ages without uploading any personal information; instead, it shares just cryptographic proof, maintains control over the user’s data, and lowers the risk of nefarious, would-be hackers breaking in.

The technology used by ShareRing’s technology, which is based on the Cosmos SDK, enables the creation of custom cryptocurrencies, in this case for use in identifying age-appropriate content on social media platforms by verifying customers without having to reveal any of their personal information.

ShareRing you practice registrations efficiently while also allowing it to link to another blockchains using Tendermint, a proof-of-stakes consensus mechanism.

The business joins Select ID, the country’s first washable digital ID system for financial companies, and claims to have been accredited under the UK’s Digital Identities and Attributes Trust Framework.

Age Test Certification Scheme (ACCS), an independent assessment collaboration, is conducting the tests for Australia. Before the social media restrictions fully become in consequence within the year, ACCS did test age verification systems.

edited by Sebastian Sinclair