DeFi Daily News
Sunday, June 29, 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
rewrite this title with good SEO Bitcoin Could Explode On Bessent’s 0 Billion Deregulation Shock

rewrite this title with good SEO Bitcoin Could Explode On Bessent’s $250 Billion Deregulation Shock

May 28, 2025
Crypto Analyst Reveals Six ‘Super-Cycle’ Tokens Set to Surge by 1000x in Value

Crypto Analyst Reveals Six ‘Super-Cycle’ Tokens Set to Surge by 1000x in Value

August 16, 2024
Proximus Group Partners with Infosys to Explore New Business Opportunities

Proximus Group Partners with Infosys to Explore New Business Opportunities

September 10, 2024
My Ex-Wife and Baby Momma Are Now Buddies (Half My Income Goes Towards Legal Debt)

My Ex-Wife and Baby Momma Are Now Buddies (Half My Income Goes Towards Legal Debt)

June 15, 2025
Mastering Crypto Mining: A Step-By-Step Guide

Mastering Crypto Mining: A Step-By-Step Guide

September 12, 2024
CRYPTO IS DUMPING DUE TO THIS… What Comes Next?

CRYPTO IS DUMPING DUE TO THIS… What Comes Next?

June 13, 2025
rewrite this title with good SEO Bitcoin Bears Are Taking Fresh Market Positions, But Are They Safe?

rewrite this title with good SEO Bitcoin Bears Are Taking Fresh Market Positions, But Are They Safe?

June 29, 2025
rewrite this title ARDC: 9% Yield On Fixed Income (NYSE:ARDC)

rewrite this title ARDC: 9% Yield On Fixed Income (NYSE:ARDC)

June 29, 2025
I Want My Money, Now!

I Want My Money, Now!

June 29, 2025
rewrite this title Topuria KO’s Oliveira cold, now 2-division champ

rewrite this title Topuria KO’s Oliveira cold, now 2-division champ

June 29, 2025
rewrite this title  Is XRP About to Lead the Next Altcoin Season?

rewrite this title  Is XRP About to Lead the Next Altcoin Season?

June 29, 2025
rewrite this title Stablecoins vs. CBDCs: Why Governments Are Picking Sides in the Future of Money

rewrite this title Stablecoins vs. CBDCs: Why Governments Are Picking Sides in the Future of Money

June 29, 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.