Meet ShoCard, a startup that stores your identity onto bitcoin’s blockchain so that you can prove your identity whenever you need to. ShoCard wants to replace cumbersome bank and credit card identification processes with something much more secure and practical. The startup is launching on stage today at Disrupt NY.
“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,” ShoCard co-founder Jeff Weitzman told me. “We’re using public and private keys, data hashing, multi-factor authentication.”
This is a little complicated if you’re not familiar with how bitcoin works, but it’s very interesting. Your ShoCard is basically a tiny file that only you can manipulate. When you create your ShoCard, you first scan your identity document…
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