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LABCITIES
6 days ago
LABCITIES
By Joan Torres

The city of Zug in Switzerland announced that it is the first community to offer all citizens of the city the opportunity to get a blockchain-based digital identity.

The digital ID is based on an app that utilizes blockchain technology to secure personal information and associate it with a crypto address, the release said. With the digital ID, the residents can register their identity independently on the app and the identity is verified by the ID control of the town of Zug.

Last year the city of Zug’s pilot bitcoin project kicked-off allowing residents to pay their fees in digital currency bitcoin. With the pilot project, Zug also known as ‘Crypto Valley’ has become the first locality in the world to accept bitcoin payments.

The ID project is based on Ethereum blockchain and the project saw participation from the Institute for Financial Services Zug (IFZ) of Lucerne University of Economics, as well as Consensys-uPort (Zug) and ti & m (Zurich).