December 1

Telegram Passport – Identification on the blockchain

Telegram is testing a new service for storing data for identification purposes. Telegram Passport will make it possible to store personal data such as ID numbers, bank details and similar data on the TON platform.

That the blockchain technology is not only used to manage crypto currencies like Bitcoin is probably clear to many by now. The management of health data, government documents, elections or shipping industry data is possible with the blockchain – in principle, anything that can be managed in any way can also be stored on the blockchain. This includes identity documents and other personal data.

And that Bitcoin news make sense

Because the decentralized administration of such sensitive information would not only make it forgery-proof. Rather, it also makes it possible to identify oneself more easily, quickly and cost-effectively. Not to mention the large amount of paper that is saved. The Bitcoin news messaging service from Russia now wants to take on this task: Is Bitcoin News Trader a Scam? Read This Review Before You Sign Up! With its planned Telegram Open Network (TON), not only the messaging services will run on the blockchain, but also identification processes.

Only recently, the company announced that they had already collected enough money in the pre-sale for the Telegram Open Network. The amount of money collected from private investors alone is obviously enough to make a public sale unnecessary.

As one can now see from Russian media, Telegram is now using this money, among other things, to use the new service to store identity data. The application will be called Telegram Passport and will be part of TON. Since the platform is supposed to be able to buy goods and services with the currency Gram, one has to be able to identify oneself. The team around founder Pawel Durov is planning the Telegram Passport so that you don’t have to go to the office every time.

Users can upload their personal data and documents such as copies of ID documents, driving licences, electricity bills, bank information and possibly photos. Once they are on the platform, they can be shared with Telegram Passport within the Telegram Open Network. But this should also be possible outside of TON. Only with the respective consent of the owner, of course.

Telegram Passport complies with regulatory Bitcoin formula requirements

In the last weeks and months the Telegram team got problems with the authorities again and again. Above all, the government in Russia expressed concerns about Bitcoin formula anonymity and the associated danger of illegal activities. With the planned identification system the team apparently wants to secure itself. Read more about it: https://www.forexaktuell.com/en/bitcoin-formula-scam/

This apparently also arouses the interest of potential partner companies. According to sources, the Russian service provider Qiwi has already announced a possible cooperation.

Ultimately, the control over the data should lie solely with the users. In the sense of the blockchain, they can authenticate their data themselves and release it at their own discretion. The data can then be viewed by any business partners or companies and can thus be checked again.

There is no exact release date yet. The advance of Telegram can again be seen as an important step towards adaptation of the blockchain technology.