Uport, An Ethereum Based Identity Project Wins the Blockchain Competition

By September 22, 2016Bitcoin Business

The biggest competition of its kind, Demo Day, hosted by ChainB during the International Blockchain Week, featured 17 ethereum based projects, out of 31, with the overall winner Uport, an Ethereum based blockchain identity project. Uport Wins Demo Day – Image Credits Event Organizers Speaking to CCN , Uport’s co-founder Rouven Heck, stated: We are very excited about the great feedback for uPort over the last days at DevCon2. Winning the demo day event is a great endorsement from the community that we are building something valuable for the ecosystem. We are looking forward to integrating with some of the exciting projects we have seen over the last days. Uport addresses a number of public blockchain usability problems, such as private key management, through a blockchain based identity protocol that can be easily incorporated in other projects, allowing for a persistent identity across projects with means of identity recovery if, say, the phone is lost. Moreover, official institutions, such as, say, the Passport Office, and others, can vouch for the correctness of an identity, making possible the signing of contracts through an ethereum public key. WeiFund Wins One of the Most Innovative Project at Demo Day – Image Credits Event Organizers There were four other projects that won the most innovative prize. We are aware of only three, starting with WeiFund , an ethereum based crowdfunding platform which allows independent film producers, such as Braid , artists, entrepreneurs and others to raise funds through smart contracts, potentially reducing scams as funds can be released incrementally. Both of the above projects are Consensys spokes, with seemingly particular emphasis on integrating ethereum based projects. Many, for example, use MetaMask, as they probably will Uport and, perhaps, WeiFund. Jesse Grushack, co-founder of Ujo Music, another consensys spoke, but not one of the […]

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