Authtrail integrates KILT Protocol DIDs for data provenance

KILT’s decentralised identifiers (DIDs) are set to enhance Authtrail’s data integrity, helping offer data provenance for enterprise users.

Authtrail and decentralised identity platform KILT Protocol have announced a collaborative effort, with the former integrating KILT DIDs as it looks to improve on network trustworthiness and transparent data flows.

Moonbeam-powered Authtrail and B.T.E. BOTLabs Trusted Entity GmbH (BTE)-developed KILT are both projects within the Polkadot ecosystem.

The integration of KILT’s decentralised identifiers (DID) technology is set to help achieve data provenance on Authrail, a complete SaaS platform aimed at offering access to enterprise data secured by blockchain-based integrity.

Users across the blockchain ecosystem will be able to benefit from DIDs and other verifiable credentials, the two firms said in the announcement, with this happening via further integrations into data sources accessible to Authtrail.

More value for enterprise customers

The development gives blockchain developers access to tools by which they can create identifiers and credentials all manner of use cases and data sources. These, according to details the firms shared, include DIDs for humans, IoT, services and machines- basically all that needs authenticated/verifiable identity.

According to Authrail CEO Matjaz Sobocan, the integration will help the platform offer customers more value without compromising on their security.

By employing DIDsign, we can procure more value for enterprise customers who want to innovate their identity systems without compromising the security of personal or organizational data in their environment,” he noted.

Through KILT’s technology, Authrail users will be able to tap into digital data that are securely traceable to real-life identity credentials.

Enterprises can be created and verify the identifiers using DIDsign, a KILT technology that seamlessly helps large enterprises to streamline their onboarding process while at the same time be assured of the safety of their organisations’ systems.

End users do not need to have blockchain knowledge or be familiar with DIDs to tap into the process.

Data integrity is powered by AUT, the native token on the Authrail network that also opens up other investing opportunities for holders and ecosystem users.

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Highlights March 22: Major cryptos in the green, Powell comments end markets run

The crypto market as a whole is bullish today. Major cryptos were in the green over the past 24 hours.

CNBC is reporting that Goldman Sachs will become the first major US bank to trade crypto over the counter, which is considered to be another important step in facilitating access to crypto for institutional investors.

The UK’s advertising regulator has put on notice more than 50 companies who are suspected of promoting misleading crypto ads across the country.

US markets ended their recent good run yesterday in the wake of rate rise comments from Jerome Powell. US markets have so far taken rate rises in their stride but balked at the hint of more aggressive monetary policy.

Top cryptos

Cardano up 6% together with Ethereum, XRP and Polkadot, which all gained more than 4%. Bitcoin was trading above $42,000 at time of writing, up more than 3% over the past 24 hours. Litecoin cracked the top 20. It’s up 6% today.

Top movers

Bitcoin Cash is a notable standout with gains of 12%. It is rallying just like Bitcoin Gold (+8%), which started gaining yesterday. Ethereum Classic continues its bull run, also up 12% today.

Other gainers include Elrond with 9%, Helium, Oasis Network, and EOS with 10%, and Dash with 8%.

The biggest mover by far is IoTeX, which added a quarter to its value. It recently released Mainnet v1.7, the next evolution of the IoTeX blockchain with security and performance upgrades.

The biggest weekly gainer is ApeCoin, up 980.26% in the last 7 days.

Trending

There’s another canine meme token in town – Teddy Doge, which is up 368% in the last 24 hours. It bills itself as a one-stop full-featured decentralized exchange.

It has liquidity, a swap, farm, aggregate transactions, 15 mainstream cross-chains, chain transactions, and chain chart systems, and more.

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