20 September 2017
Find out more

Thomson Reuters builds blockchain user-entitlement platform

06 October 2016  |  6304 views  |  0 Thomson Reuters logo web screen shot

Thomsons Reuters has unveiled an identity verification platform that enables developers to manage access to their blockchain contracts.

The BlockOne ID platform for Ethereum is an effort to help developers build applications in a controlled environment without several of the problems blockchain technology has traditionally posed: the performance of due diligence on users; authorisation and entitlement; user acceptance of terms; and key management.

Developers login to the developer portal and register decentralised applications (DApps). During this process terms can be set that users need to meet to use a smart contract. DApp owners can enforce entitlement on a per-user level rather than public address level and stipulate acceptance of commercial terms at first use.

Thomson Reuters then puts the smart contract that contains the addresses that are allowed to use the DApp on a blockchain so that anyone who has not been cleared is unable to use it.

Meanwhile, users identify themselves via OAuth through their Google, Twitter or Facebook accounts, accept terms and link to a hierarchical deterministic hosted wallet that creates new, unique addresses on a per-DApp basis. They then agree to terms and conditions for the DApp before getting access to it.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Thomson Reuters delves deeper into Ethereum

Thomson Reuters delves deeper into Ethereum

08 September 2016  |  11350 views  |  0 comments | 27 tweets | 10 linkedin
Thomson Reuters joins R3 blockchain consortium

Thomson Reuters joins R3 blockchain consortium

02 August 2016  |  10439 views  |  0 comments | 15 tweets | 16 linkedin
DAO hack sparks crypto-currency panic

DAO hack sparks crypto-currency panic

17 June 2016  |  14199 views  |  8 comments | 15 tweets | 15 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.capgemini.comvisit www.sibos.comvisit www.vasco.com

Who is commenting?

Top topics

Most viewed Most shared
HSBC switches on selfie payments in ChinaHSBC switches on selfie payments in China
11157 views comments | 24 tweets | 40 linkedin
Equifax hack: Visa and Mastercard flag 200k compromised credit cardsEquifax hack: Visa and Mastercard flag 200...
10469 views comments | 6 tweets | 17 linkedin
Dutch bank sentences teenage DDoS culprit to community serviceDutch bank sentences teenage DDoS culprit...
9241 views comments | 6 tweets | 3 linkedin
UAE banks pool cyber security dataUAE banks pool cyber security data
7735 views comments | 5 tweets | 4 linkedin
ING moves into digital wealth management with Scalable CapitalING moves into digital wealth management w...
7513 views comments | 14 tweets | 15 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job