Oman now has a blockchain enabled digital identity platform
Ahmed al Marjeby and Mahmood al Lawati have developed a blockchain enabled digital identity platform out of Oman. Nashid, the blockchain enabled digital identity platform is aimed to mitigate the risks of identity fraud. Nashid has also secured a pre-seed investment as part of the Techween program from Oman Technology Fund As per the news, Oman based Nashid will allow users to access services digitally without visiting any service provider ever again. In 2020 alone, identity theft and fraud cost over $700 billion in losses worldwide The platform will allow the creation of a secure digital version of one’s identity and their attributes. The need for in-person verifications will cease, usernames and passwords will disappear, and a frictionless, online-only user journey will take place. Nashid is powered by the Blockchain to maintain the truth of all digital interactions with high levels of online security and credibility. It also is fueled by encryption models of hash...