21 May 2018, New York: Bluenumber announces B#Chain, a GDPR-compliant decentralised blockchain platform to secure the Bluenumber ecosystem for B# ID holders and their transactions.
Bluenumber’s unique alphanumeric identifier, the B# ID, identifies people, organisations, places and things. B# ID connect actors and elements across systems, revealing networks and relationships. For farmers and workers now joining the global economy, a B# ID enables them to be recognized, and enjoy the benefits of participating as individuals with digital dignity.
Bluenumber is now building B#Chain using a block-based decentralized platform. Unlike current blockchain platforms, B#Chain guarantees the ‘right to be forgotten’, a key element for compliance to the EU’s General Data Protection Regulation (GDPR) and other emerging data privacy and protection laws. B#Chain delinks B# ID holder’s data from transactions that their B# IDs are involved in.
All B# IDs are stored in the B# ID Registry, a separate database that is off of the blockchain. Any B# ID holder can request for their information to be permanently deleted from the B# ID Registry. B#Chain blockchains all transactions between B# ID but the transaction record does not store any personal information of B# ID holders.
Bluenumber is working closely with ProximaX, a blockchain-based, decentralized platform powered by NEM Foundation. B#Chain will be built-in to all Bluenumber solutions and any Bluenumber-compatible app within the B# ID Platform and ecosystem. All B# ID users will benefit from B#Chain and the security blockchain can offer their transactions.
Bluenumber will be introducing a coin in early 2019, available to all B# ID holders with no fees for transactions within the B# ID Platform and ecosystem.
For more information about Bluenumber and ProximaX platform, please visit https://www.bluenumber.com and https://proximax.io.
A B# ID is a globally unique identifier delivered over mobile Internet to allow workers, farmers and rural communities to participate affordably and fully in the digital economy. Bluenumber uses proprietary technology to map and analyse supply chains from point of origin. Bluenumber has offices in New York, Kuala Lumpur, Tokyo, Dhaka, Jakarta and Munich.
About NEM Foundation
NEM Foundation is a non-profit organisation set up to promote NEM blockchain technology globally. It is currently one of the most well-funded and successful blockchain technology projects in the cryptocurrency industry. Its technology is currently being utilized in a variety of financial institutions and industries.
ProximaX is an organization set up to manage the initial development of the ProximaX platform, an advanced extension of the Blockchain and Distributed Ledger Technology (DLT) with utility-rich services and protocols. With a NEM inspired blockchain layer at its core, a decentralized storage layer through IPFS, and a P2P multimedia streaming and messaging layer powered by PeerStream Protocol (PSP), ProximaX will enable a rich, all-in-one platform for broader cross-industry application and decentralized app development. The community of developers will help advance many of the innovative applications including, but is not limited to, KYC, medical health records, land registry, trade finance documentation, certificates, time stamping and proofing, identity management, and Internet of Things (IoT).
Image Source: Cruiser Republic