ShoCard – Secure Blockchain Digital Identity Privacy Management?

ShoCard is a digital identity that protects consumer privacy. It’s like a mobile driver’s license or passport verified in a highly-secure way. Find out how it works today in our ShoCard review.

What Is ShoCard?

We need a better digital identity tracking system. Modern methods like passwords or even face recognition aren’t as secure as we need them to be. That’s why ShoCard wants to help. ShoCard has developed an identity system that allows enterprises to verify an individual’s identity while the individual remains in control of his or her personal information.

Overall, ShoCard promises to be the identity for a mobile world. The company envisions a future where you can get rid of your driver’s license and rely on a single source of identification:

“A lot of companies are looking at the blockchain for things other than bitcoin. We’ve created a digital identity card that is as easy to use as a driver’s license but it’s so secure that a bank can rely on it,” co-founder Jeff Weitzman told TechCrunch in an interview.

The startup launched in 2015 as part of the Battlefield at TechCrunch Disrupt in NY.

How Does ShoCard Work?

Like other identification systems, ShoCard’s identification system is based on blockchain technology. User’s data is stored on the blockchain, where it’s certified and retrieved as necessary. The first use for ShoCard is for bank and credit card identification processes.

What Exactly Is Your ShoCard?

The ShoCard itself is a tiny file that can only be manipulated by you. When you create your ShoCard, you scan your identity document and sign it. Then, the mobile app generates a private and public key, sealing that record. The file is encrypted, hashed, and sent to the network of communicating nodes running bitcoin software for later use.

Beyond the bank and credit card identification industries, ShoCard is also partnering with airlines and IT firms. Obviously, the need for reliable identification services extends across a wide range of industries.

Here’s the basic idea of how ShoCard works, in terms of the airline industry:

  • Passengers generate a Single Travel Token based on all their travel documents
  • Behind the scene, your documents are sealed with a private and public key; documents are encrypted and hashed
  • Anyone can verify the authenticity of your documents using the public key
  • Passengers can share this public key by scanning a QR code, or using other verification methods
  • Through this method, border control agents could retrieve your passport information and biometrics data.

The ultimate goal could be to create a decentralized standard across the entire industry. An airport in China doesn’t need to trust an airport in America. Nobody controls the blockchain, so everybody trusts the information on the blockchain.

In any case, ShoCard has partnered with SITA – the verification organization that works with 90% of the airline industry – to begin rolling out its blockchain-based identification system.

How To Use ShoCard

Here’s the basic process of how ShoCard works, and how users can use ShoCard:

Creating An Identity

Step 1) Users download the ShoCard app to create their ShoCard ID

Step 2) User takes a picture of a valid, government-issued photo ID

Step 3) ShoCard extracts personal information from these IDs

Step 4) The user confirms the data, then self-certifies

Step 5) For security, the user creates a passcode (they can also use the fingerprint scanner on their phone)

Step 6) Information is encrypted and saved on the phone

Step 7) The app takes “further security measures” to obfuscate the data, including hashing and digitally signing the data

Step 8) ShoCard’s servers write the hashed, signed data onto the blockchain

Step 9) The data is not available in any readable form to any third party or ShoCard unless the user explicitly allows the sharing of that information

Sharing Information

Step 1) The user decides to share personal information and identification data with a trusted third party, like a financial institution or an internet service provider

Step 2) The user initiates an identity verification “handshake” with the third party via the blockchain

Step 3) The information is placed in a fully encrypted data envelope, where only the intended recipient is allowed to decrypt it (the envelope is totally opaque to all parties, so not even ShoCard can access your data)

Step 4) The identities of both parties are confirmed (the sender’s public key, the validation of shared data, and the signature hashes on the blockchain all confirm the identity of both parties)

Step 5) The parties are able to complete a guaranteed, verified transaction

During the verification process, users may be asked to verify additional documents. They may also be asked certain questions to ensure their identity is rock-solid. A user’s identity will only be certified once a trusted third party (like a financial institution or government organization) has verified the user’s identity.

Uses For ShoCard

ShoCard is already being developed for credit card verification and airport verification platforms. Here are some of the use cases outlined on ShoCard.com:

Password-less Logins: Passwords are insecure and breakable. ShoCard gives users a second layer of identification based on the blockchain. You might sign into a platform, then verify your fingerprint using the ShoCard App. It’s a second layer of authentication.

Financial Services Credentialing: Financial services could meet KYC/AML standards with ShoCard.

Travel: Travelers could obtain a “Single Travel Token” for the duration of the trip, allowing them to easily share personal identification information with border authorities along the way.

Call Center Authentication: Call center reps can verify a customer’s identity using ShoCard.

Automated Registration: Instead of entering identical data into online forms, ShoCard allows you to automatically register using your pre-built ShoCard identity.

Proof of Age: Whether buying alcohol, going to a club, or qualifying for a senior’s discount, there are plenty of reasons you need your driver’s license to prove your age. ShoCard could remove the need for a driver’s license.

Road Stops: Mobile driver’s licenses could become a thing in the future. ShoCard could pave the way for the implementation of mobile driver’s licenses.

About ShoCard

ShoCard is led by founder and CEO Armin Ebrahimi as well as VP of Business Development Ali Nazem.

The company’s mission is to “empower individuals, businesses and governments to establish, verify and exchange identity information simply, privately, securely and at world scale.”

The company is based in Palo Alto, California. You can contact ShoCard from their website. In 2015, ShoCard raised $1.5 million soon after launching in the Battlefield at TechCrunch Disrupt NY.

ShoCard Conclusion

ShoCard is a blockchain-based verification system that promises to make it easy for consumers and businesses to conduct business in a secure way without compromising private data or trusting information to centralized servers. It’s another way that blockchain can change the way we handle identification.

In the future, ShoCard could allow us to travel without a driver’s license or passport. All we need is our ShoCard identification. Stay tuned for more information about the blockchain-based mobile identification system as the company continues to roll out its platform.

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B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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