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User Profile @iameidentity

author: IAME Identity

website: iame.io/

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iameidentity's Posts

The Facebook Data Mining Scandal – What happened

Facebook recently made headlines after news broke that the UK-based firm Cambridge Analytica had used a quiz app to gain unauthorised access to millions of user information. This latest Facebook data mining scandal has many calling for greater accountability and for high ranking officials to take the necessary measures towards greater data security.

 What exactly happened with the Facebook data mining scandal?

Before we go any further, it’s important to point out that this is not at all a fringe event – this happens all the time and Cambridge Analytica is not the only company to exploit this. In fact, a few years ago, Sandy Parakilas, a platform operations manager at Facebook who had the difficult job of monitoring and policing data breaches by third-party software developers, warned the company about such risks

  Who exactly was impacted? 

What’s unique about this particular breach of data was that the Facebook data mining scandal did not just impact the users who took the quiz,

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Investing in Cryptocurrencies – 4 Rules to Follow!

  Ever since the Bitcoin boom, the keys to investing in cryptocurrencies has been the talk of the town – no matter where in the world you go. Investors are looking at the realm as one of the most lucrative investment opportunities available today, with little evidence to contradict this perception. The only flipside to this is that unlike other more conventional investment opportunities, the art and science of investing in cryptocurrencies are quite different and may require more attention to the details – at least if you are starting off.

 

Before investing in the crypto space, it’s important to take a couple of very important things into consideration. Having a clear understanding of these areas will prepare you for a relatively smooth introduction to the crypto space – granted, it may not always be sunshine and rainbows! Let’s run through our 4 dos of investing in cryptocurrencies.

When investing in cryptocurrencies, only throw in what you’re willing to lose

We know – that isn’t

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Identification with the IAME

 

How does identification function with IAME’s system?

Since we announced our project of developing a decentralised fragmented identification system, there has been much interest in what the technology is all about. We’ve been asked questions about how the tech would work and look to all parties engaging in the transaction. We are happy to announce that we built two prototypes – one for identification and one for validation. You can personally engage them and see how both function by visiting the identification prototype and the validation prototype. In this prototype, we run through how the IAME based identification functions from the perspective of a user.

What is DFI?

 

Decentralised fragmented is the method that IAME’s system leverages to reinvent the entire Blockchain identity process. With DFI, the data shared in these transactions is rendered worthless, given that it is first fragmented and then distributed among a series of independent third-parties – we discuss the vali

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A Decentralised Approach to Identity Verification

      Cryptocurrencies and blockchain transactions are gaining traction in many parts of the world. With the exponential growth of the adoption of these technologies, combined with the parallel increase in the number of data breaches each year – over 1500 breaches and over 1 billion compromised records in the United States alone – businesses are facing growing public and regulatory pressure to fortify and strengthen the data security and identity verification and protection measures deployed within their operations. Entities leveraging blockchain technology and cryptocurrencies, in particular, face relative difficulty regarding this, given that the entire realm is decentralised and is not confined to a single country or geographical region – this makes the data protection regulations placed on traditional businesses difficult to emulate within the blockchain realm. What is the challenge of identity verification via blockchain technology? There are three central focuses continue reading →
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Cryptocurrency Regulation – South Korea’s Impact

    Crypto-traders can breathe a sigh of relief. One of the biggest fears and speculations that had the crypto world on edge in recent weeks was South Korea’s legislative maneuvers regarding cryptocurrency regulation. Many reports leading into the month of January indicated that the South Korean government was considering an all-out ban on cryptocurrency and crypto-markets, citing fears that it was hindering their anti-money laundering initiatives. However, the most recent statements from the government have put these fears to rest and it appears that the government has instead chosen the path of greater regulation as opposed to criminalisation.  

Following weeks of mixed messages from officials, the government officially announced in a statement released on January 23rd details of the new cryptocurrency regulation that kicked in on January 30th. While we are yet to see the full impact of the regulations, officials highlighted that the new regulations would only allow cryptocurrency t

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