Blockchains is committed to protecting and empowering individuals through the development of applications and ecosystems set to change the way people interact with technology, infrastructure, and each other. The transition into the next-generation web (Web 3.0) and emerging sharing economy requires a new kind of system. Blockchains’ software solutions presently in development focus on preparing the world for the next phase of the internet’s evolution, with an emphasis on digital identity management, digital asset management, and blockchain connectivity for IoT devices.
Custody & Management
Our first step in using blockchain technology to empower individuals is digital asset custody and management. Blockchains is building a key management storage solution that will ultimately leverage our highly secure network of underground bunkers to provide consumers with easy access to, and robust protection of, their digital assets.
The value of public blockchain networks is limited if we cannot easily access them securely. Operating a separate node (a device – like a computer – containing an entire copy, or a portion/state, of the blockchain) within a blockchain’s peer-2-peer (p2p) network is challenging or even impossible for many mobile and web applications as well as internet of things (IoT) devices. While centralized remote nodes exist and feel resource-efficient, the client cannot validate the results independently and the access point becomes a single point of failure.
The Virtual You
By going online and interacting with companies in the real world that digitize their records, you are creating a comprehensive digital identity. Your data – medical, financial, and personal – has been recorded and stored without much say by you as to how it’s later used. Instead, it’s largely controlled by the institutions with which you interact: the DMV, the doctor’s office, the bank, social media platforms, search engines, and shopping websites. It’s time for a better way.