📈BiiLabs’ identity system based on $IOTA supports Taipei City Digital Citizen Card and Deloitte blockchain application📈

📈On January 30, the @IOTA Foundation announced its cooperation with Taipei City to achieve smart city goals. As part of Smart City Milestones, partnering with the IOTA Foundation and BiiLabs to apply distributed ledger technology to smart cities, starting with the TangleID Citizen Card 📈

📈On October 15th, this partnership began to bear fruit, with BiiLabs launching an open source GDPR compliant identity system. In the era of the Internet of Everything, BiiLabs, a blockchain technology start-up team committed to using decentralized ledger technology to promote business innovation, announced the official launch of TangleID, a decentralized digital asset solution for enterprise users. The TangleID system allows users to have a "self-sovereign" verifiable digital identity based on blockchain technology. This is a software implementation solution designed for digital identity and GDPR regulations. It has been adopted by the Taipei City Digital Citizen Card Project📈

📈BiiLabs co-founder and CEO Zhu Yizhen said: "Based on IOTA, we provide the infrastructure for establishing digital identities and credentials, and provide users with a reference for mobile application and website integration." Zhu Yizhen believes that the benefits of TangleID open source implementation can be divided into Both aspects. First, companies will not get lost in the sea of ​​blockchain technology and can create new GDPR compliance services with just the API and website services provided by the BiiLabs team. Second, because TangleID packages the processing mechanism of identity and digital asset management in the API, companies can focus on how to import and integrate blockchain technology without specifically tracking the underlying implementation mechanism. The entire software stack is open source, and running the source code is transparent, allowing for greater scalability when some software components need to be removed📈

📈At the same time, "digital identity" has prompted Taipei City to develop a digital citizen card to integrate online-to-offline (O2O) identity verification services. Digital identity opens up new possibilities and provides flexibility in accessing industry services, whether for services or payments along the identity authentication chain. This initiative will accelerate the establishment of verification, services, payment platforms, and API licensing. In the future, the government will shift to a co-development model, combining industry and authorities.Digital identity is an important step for Taipei City to connect cutting-edge urban services around the world📈

📈In compliance with the Taiwan Personal Data Protection Act and GDPR regulations, the BiiLabs team will cooperate with Deloitte Risk Management Consulting to conduct a series of security and privacy assessments of blockchain applications. Deloitte believes that "privacy by design" can effectively control privacy risks. In addition, enterprises should consider the feasibility, suitability, compliance and security risks of their business models when adopting blockchain technology, and ensure that necessary controls are applied in systems and operations to achieve better risk management Management📈

📈In the future, both parties will continue to cooperate on more business model verification and risk assessment of new use cases📈

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