Blockchainle Kimlik Doğrulaması Mı Geliyor? | Kripto Kılavuz
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Is Blockchain Authentication?

Blockchainle Kimlik Doğrulama Mı Geliyor?

An increasing number of identity theft and data leakage all over the world have become an important challenge.

If you want to make your website a limited area for certain users, you'll need to decide if you can create your own unique user identification system. A standard solution is that the user already has some platforms (Facebook, Yahoo, Google or e-mail platforms). In this case, you only need to use the appropriate mechanism (usually the OAuth 2.0 protocol) to see if someone trying to log into your site using an external user ID is the same user.

While it is more convenient to implement this option, it involves risk to the site owner. Eventually the site owner will lose access to the information on the site as a result.

In addition, users sometimes face access to the site with their personal information. This is specific information such as name, email, age, location. If logging in with an external account is the only option, the user must make a difficult decision. The options are to stop using the site or give up their privacy.

Most users sacrifice their privacy and confidentiality by thinking that if there is nothing to hide, nothing bad will happen. However, as time has proved to us, it can be used to access bank accounts, wallets, and other types of accounts if a malicious person provides this data.

But if there is a way to protect our information from threats of mistrust that can be taken over and misused, blockchain technology.

But before we start, let's briefly explain three main topics:

  • The user wants to present his personal information to a site he does not trust.
  • The site wants to use an external authentication system to eliminate user data and the security costs that come with it.
  • Existing external systems interested in authentication of sites can censor accounts. Accounts can be locked at any time for any reason at any time, and often can be locked without giving you the option to recover.

Blockchainle Kimlik Doğrulama Mı Geliyor?

Is Blockchain Authentication?

Authentication blockchain use of,

The Blockchain application in this sector is currently in its initial stages, but is also rapidly evolving. Blockchain technology can be applied in many sectors such as technology, retail, supply management, banking, elections, medicine, insurance and others. Another that can be added to the list is that the blockchain is used as an authentication provider.

You can prove that you are the person you claim to have with a single digital identity generated and managed by Blockchain technology.

Blockchain uses a key pair (public and private) when registering a user's identity. Personal information is converted and stored as hash functions that may include name, social security number, fingerprint or other biometric data.

After storing the information, the user can be used to confirm that the information entered on the blockchain is valid. So now someone who always asks a user to prove any identity of the authentication or identification process, only those who match the data from the block that has already been verified by the trusted recognized are considered to be self-validated in this system.

I Etherea Use of

By using a secure and decentralized network such as Ethereum, you may be able to help authenticate such.

Cryptographically secure key pairs consist of a public key representing the wallet address and a private key that is never broadcast over the network. Also, it is only possible to apply asymmetric encryption to the owner knows the private key and to authenticate users.

I Etherea The simplest way to use your wallet address is like a user ID. However, if the user has lost the key or access to them, they will never be able to access the system again.

Similarly, if your key was learned by a hacker, you cannot use the same key to prove that it is you. The hacker can act like you on all the sites you've signed up for.

Obstacles

However, the challenge in such a case is that it requires a high level of trust between the parties. Another issue of using blockchain for authentication is to make it reliable and decentralized blockchain This is because there are too many independent entries to calculate. Bitcoin In the case of this contribution, the next block in the chain is compensated by taking a small amount of Bitcoin to provide.

 

Result

There will still be events where users may lose their identity, but this will only be limited to phone loss or other data carriers where the private key part of the registered ID in the block chain is stored. In such a case, a user will not have the opportunity to request a new identity or to report the loss as a loss / stolen since the IDs in the block chain are not centrally managed.

If the above-mentioned experiments can be performed in the near future, blockchain can open new hopes in authentication applications.

Source: Coindoo

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Industry News

SEC Accuses 5 Insiders of BitConnect for Illegal Promotion

SEC, Yasadışı Tanıtım’dan BitConnect İçerisinden 5 Kişiyi Suçladı

About the five people at BitConnect SECIt said it “violated Federal Securities laws.”

The SEC's complaint is that “persons who support the BitConnect Program are sold without registering the Securities with the Commission and registering as a broker-dealer with the Commission as required by law.” BitConnect's lending program is said to encourage people to invest in potential investors, including Trevon Brown, Craig Grant, Ryan Maasen, and Michael Noble, by creating promotional-style videos and posting them on YouTube. It is also claimed that some YouTube channels that make promotions are paid on a commission basis in return for their promotional efforts.

Shortly after his release, Trevon Brown (better known as Trevon James) posted a tweet saying he didn't deny the charges and said the community would "rally" around him.

Lara Shalov Mehraban, Deputy Regional Director of the SEC's New York Regional Office,

“We will try to hold accountable those who make illegal profits by taking advantage of the public's interest in digital assets”

said.

 

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Bitcoin News

Who Has The Most Bitcoin (BTC) Savings?

Bitcoin Analizi, Bitcoin 5.700 Doları Geçti!

According to the research result, the Winklevoss twins own 150,000 BTC, but there are names that own more Bitcoin than them…

Blockchain Center, which investigates who owns the largest amount of Bitcoin (BTC); From Winklevoss twins to scammers, from hackers to "zombie coins", he laid out all the data.

 

On the other hand, the most famous hacking case of the cryptocurrency world, Mt. Gox incident allegedly owned 166,000 BTC.

It is claimed that 30,000 BTC seized from the Silk Road scandal is in the hands of Tim Draper.

Plus Token scammers were said to have 200,000 BTC.

On the other hand, “Zombie coins” are surprisingly plentiful. These tokens we are talking about consist of 1.5 million BTC, which will never be used and will not be spent by anyone forever.

Grayscale's Bitcoin Trust is known as the largest institutional Bitcoin investment vehicle and currently holds over 400,000 BTC of liquidity. Lightning Network only holds 1,000 BTC, while Ethereum (ETH) has another 80,000 BTC locked.

Another 2.5 million Bitcoins are expected to enter circulation over time. Time will tell which other names will be included in this list.

 

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Blockchain News

National Fisheries Institute and IBM's Blockchain Tracking System Food Trust

Ulusal Balıkçılık Enstitüsü ve IBM’in Blockchain Takibi Sistemi Food Trust

The United States seafood trade association, the National Fisheries Institute (NFI), is working with Food Trust, IBM's blockchain supply chain solution, to monitor FoodOnline's reports on June 11 seafood and food-related news.

In the report, they mentioned the new system for monitoring the type of seafood jointly carried out by multiple companies. In addition, NFI members representing harvesters, importers, cold storage, food service restaurants and retail sales were also included in the program.

IBM's Blockchain Tracking System Food TrustSIRF President's Statement

The project is funded by the Seafood Industry Research Fund (SIRF), whose chairman Sean O'Scannlain said in a statement on developments:

“The tracking system is nothing new to the seafood industry, but we'll test how blockchain is a new concept, with IBM's Food Tracking system, helping seafood businesses earn revenue and reduce costs to customers from harvest to distribution.”

The system also states who can access and how long companies can control data, and who will retain control after the chain is loaded. Raj Rao, IBM Food Trust general manager Food Food Trust can change any sector, especially when we have large ecosystems, businesses and organizations ” He said.

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Source: Cointelegraph

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