DeFi Daily News
Sunday, August 24, 2025
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home DeFi Web 3

rewrite this title ShareRing to Trial Blockchain ID in Australian Government Age Verification Push – Decrypt

Vince Dioquino by Vince Dioquino
April 9, 2025
in Web 3
0 0
0
rewrite this title ShareRing to Trial Blockchain ID in Australian Government Age Verification Push – Decrypt
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article


rewrite this content using a minimum of 1000 words and keep HTML tags

Melbourne-based ShareRing has been tapped as the first digital identity provider to begin testing its tech for the Australian government’s US$4 million verification technology trials approved late last year to enforce social media restrictions for underage users.

The blockchain firm will launch a pilot program with school students in Darwin, testing its self-sovereign identity platform that allows users to safely and securely provide age verification while keeping control of their personal data.

Trials are set to begin next week as Australia looks to implement new legislation by December, banning children under 16 from creating social media accounts, with platforms facing fines up to US$30.7 million for non-compliance.

ShareRing’s use of reusable digital IDs helps address privacy concerns from Australians who have voiced against the risk of ID theft in government-run databases. Those concerns have been around since last year when the legislation was approved for trial.

The tech “eliminates the need for repetitive verification while maintaining instant trustless verification and a privacy-first approach,” Tim Bos, ShareRing’s founder and chief technology officer, told Decrypt.

Unlike conventional centralized identity systems, ShareRing’s blockchain-based tech helps remove potential single points of failure or data breach risks if only one entity, such as a government, has control of the data.

It allows users to verify their age without uploading personal documents, instead sharing only cryptographic proof, keeping data in the user’s control, and reducing exposure to breaches from nefarious, would-be hackers.

Built on the Cosmos SDK, ShareRing’s tech provides a way to create custom blockchains, in this case for use in helping screen out age-inappropriate content on social media platforms by verifying users, without necessarily exposing their personal information.

Using Tendermint, a proof-of-stake consensus mechanism, ShareRing can process registrations with efficiency while also allowing it to connect to other blockchains.

The company claims it has secured accreditation under the UK’s Digital Identities and Attributes Trust Framework and joined Select ID, the UK’s first Reusable Digital ID Network for financial services.

Trials for Australia are being led by Age Check Certification Scheme (ACCS), an independent assessment consortium. ACCS will check age verification technologies before the social media restrictions take full effect within the year.

Edited by Sebastian Sinclair

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.

and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website http://defi-daily.com and label it “DeFi Daily News” for more trending news articles like this



Source link

Tags: ageAustralianblockchainDecryptGovernmentPushrewriteShareRingtitleTrialVerification
ShareTweetShare
Previous Post

Don’t Do Crypto Taxes Until You Watch This Video

Next Post

Gutfeld: If you can’t contain El Chapo, your opinion is El Crappo

Next Post
Gutfeld: If you can’t contain El Chapo, your opinion is El Crappo

Gutfeld: If you can't contain El Chapo, your opinion is El Crappo

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
zkLink Revolutionizes Telegram User Onboarding with One-Click Web3 Integration Using MagicLinks Toolkit

zkLink Revolutionizes Telegram User Onboarding with One-Click Web3 Integration Using MagicLinks Toolkit

September 17, 2024
rewrite this title 4 Secrets from Chefs for Better Cruise Dining – NerdWallet

rewrite this title 4 Secrets from Chefs for Better Cruise Dining – NerdWallet

November 15, 2024
Crypto Sentiment Shift in 2025📈CoinDepo INTERVIEW

Crypto Sentiment Shift in 2025📈CoinDepo INTERVIEW

August 3, 2025
Top 5 Superior Ethereum Faucets to Earn Free ETH in 2024

Top 5 Superior Ethereum Faucets to Earn Free ETH in 2024

July 16, 2024
I stumbled upon a Duolingo hack, and now I regret it

I stumbled upon a Duolingo hack, and now I regret it

October 12, 2024
BlackRock’s Rick Rieder: I Think Interest Rates Can Come Down

BlackRock’s Rick Rieder: I Think Interest Rates Can Come Down

July 26, 2025
rewrite this title Arteta fears Saka suffered ‘significant’ injury

rewrite this title Arteta fears Saka suffered ‘significant’ injury

August 23, 2025
rewrite this title NYT Connections today – my hints and answers for August 24 (#805)

rewrite this title NYT Connections today – my hints and answers for August 24 (#805)

August 23, 2025
rewrite this title with good SEO Ethereum’s Tech Edge Could Outshine Bitcoin — Here’s How | Bitcoinist.com

rewrite this title with good SEO Ethereum’s Tech Edge Could Outshine Bitcoin — Here’s How | Bitcoinist.com

August 23, 2025
rewrite this title Why Arthur Hayes Expects Ethereum to Surge to ,000 – Decrypt

rewrite this title Why Arthur Hayes Expects Ethereum to Surge to $20,000 – Decrypt

August 23, 2025
rewrite this title Crypto Founder Predicts Ethereum Price To Touch ,000 As Fed’s Powell Turns Dovish

rewrite this title Crypto Founder Predicts Ethereum Price To Touch $20,000 As Fed’s Powell Turns Dovish

August 23, 2025
rewrite this title God in the Machine: Inside the Growing AI Religious Movement – Decrypt

rewrite this title God in the Machine: Inside the Growing AI Religious Movement – Decrypt

August 23, 2025
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.