Why ShoCard is the Premier Blockchain-Based Mobile Identity Platform

Running Ahead of the Pack

The mobile digital identity market is getting crowded, and we feel it’s time we share how ShoCard is different from the others, why we claim to be the premier blockchain-based mobile identity platform, and how our products run ahead of the pack.

We began building ShoCard products as far back as 2015 (which is ancient in the blockchain technology world), and they are in existence and production today. We take great pride in the quality of our products’ design, which we base on real customer input. ShoCard provides a complete stack with a design for embedded systems and fully-functioning SDKs, which clients integrate into their systems (e.g., Apps and Servers).

So, how is our platform different from other mobile digital identity providers/platforms?

 

 

 

ShoCard Is Blockchain Agnostic

This is critically important. Systems that only rely on the public Ethereum network are limited to the availability of Ethereum over the long haul. Due to high network traffic, Bitcoin is no longer a viable system for high-scale identity management solutions. As network traffic increases on Ethereum, it too could see a similar fate over the next couple of years. ShoCard, with its blockchain agnostic approach, will never be affected by this.

 

Scale, Scale, Scale

Public blockchains are inherently not scalable. But we designed the architecture of ShoCard to be highly-scalable. ShoCard has created a solution that uses the public blockchains, but with scale. Our system can write five million user records on a publicly verifiable blockchain in 30 minutes. Other existing solutions cannot compete with this performance.

At Yahoo! circa 2004, Gaurav Khot, as Chief Architect, and I built one of the largest networks that served over 20 billion transactions. As a result of the knowledge we gained at Yahoo!, we have designed the ShoCard platform from the ground up in preparation for massive growth.

 

 

 

 

Real Customers Use ShoCard Products Today

ShoCard customer implementations range from POCs and pilots to production. Some of our customers have permitted us to announce our partnerships, while others have asked us for NDAs. Our clients include some of the largest credit card network operators, banks, and financial institutions.

 

Our Product Is Patented

We received patent #9722790 on August 1, 2017 with priority date of May 5, 2015. A Google search on ShoCard patents will show our additional patents filed. We have 18 provisional patents, many of which are continuations on our first patent.

 

ShoCard was the first company to file the digital identity patent with the priority date of May 2015.

 

Our patents are open, meaning we have continuations filed against every patent which allows us to file enhancements in the form of continuations on those patents while maintaining the May 2015 priority date. Others copying a similar implementation are using our patented solution which imposes compensation for ShoCard.

 

Prominent VCs and Investors

Some of the most prominent VCs and investors in Silicon Valley have invested in ShoCard, which was established in February 2015 and raised $1.5M in seed funding that same year. In 2017, we raised another $4M.  With top investors, a solid, patented architecture, and real customers, some might say ShoCard has broken from the pack of mobile digital identity providers, but we’d argue that the we’ve always been ahead of the pack with our top-notch team of visionaries taking the leap back in 2015. And we’re not stopping. We will continue to enhance the platform and remain several “horse lengths” ahead any of competition.

 

 

The emerging blockchain-enabled IM paradigm will profoundly change the way we interact and trade with one another and is guaranteed to fundamentally transform industries for the better.  Citizens will come to expect identity ownership and privacy, and companies that adopt this new IM paradigm will see customer loyalty shift in their direction.  

ShoCard and its premier blockchain-based IM ecosystem are positioned to lead us there.

 

For more information on ShoCard and ShoBadge,

Armin Ebrahimi is Founder and CEO of ShoCard, a digital identity verification system that protects consumer privacy through patented use of mobile devices and the blockchain. An industry veteran, he brings more than 30 years of experience in scalable platforms, online services, mobile-development and digital advertising to the ShoCard team.

Before founding ShoCard, Armin was the CEO of Advertising.com Dynamic Retargeting, an AOL company. Prior to filling this role, he was Senior Vice President of Platform Engineering at Yahoo, with responsibility for Yahoo’s registration and anti-fraud platform services. He also built Yahoo’s original Display Advertising platform that served more than 20 billion transactions a day. Armin founded and was CEO of TRIicon Solutions, acquired by Tandem Computers.

BYOID, GDPR & More: 2018 Predictions for Identity Management

Last year was flooded with headlining news of data breaches, with organizations across the globe falling victim to massive breaches. The overwhelming frustration among consumers for the lack of control over their own information has left a void for a solution – here enters blockchain technology. Blockchain technology, as an immutable ledger, introduces a concept that was unable to be accomplished ahead of its creation and mass adoption. Identity can now be verified and exchanged in a way similar to bitcoin, eliminating the need for companies to keep large amounts of data on their customers, clients or users, finally giving them control over the data they share and the access companies have to their identifying information.

 

BYOID

BYOID

 

In 2018, we can expect to see exponential growth in blockchain-based identity management systems (IMSs), driving the concept of “Bring Your Own Identity” or BYOID. BYOID allows users to keep all of their personally identifiable information (PII) on their own device, such as a mobile device, and use the blockchain to verify that information for a third party, such as a bank. No PII is ever stored on the blockchain.

 

 

In addition to users gaining constant and direct control over their information, BYOID is valuable because the information becomes virtually un-hackable.

 

  • Verification certificates are the only thing stored on the blockchain, while PII is locked under a private key on the user’s device.
  • Blockchain itself is a highly distributed ledger, as opposed to a central database, so records cannot be rewritten or changed.

 

Consumer-facing products are not the only industry that will experience growth in IMSs. Many enterprises will also turn to blockchain-based IMSs for employee identity management, like ShoBadge, as it provides a solution that protects against data breaches of a company’s system.

 

GDPR

GDPR deadline May 25

Finally, with the European Union’s General Data Protection Regulation (GDPR) taking

 

effect in May, we can expect to see many organizations seeking GDPR-compliant solutions for data handling. The legislation not only affects companies operating within the European Union, but all companies processing or holding the personal data of persons residing in the EU, no matter where they are located or where its data is processed. ShoCard’s solutions, founded on the concept of BYOID, are equipped and ready to help your company comply with GDPR, whether you are looking to protect customers, prospects, employees or contractors.

 

 

For more information on ShoCard and ShoBadge,

 

Armin Ebrahimi is Founder and CEO of ShoCard, a digital identity verification system that protects consumer privacy through patented use of mobile devices and the blockchain. An industry veteran, he brings more than 30 years of experience in scalable platforms, online services, mobile-development and digital advertising to the ShoCard team.

Before founding ShoCard, Armin was the CEO of Advertising.com Dynamic Retargeting, an AOL company. Prior to filling this role, he was Senior Vice President of Platform Engineering at Yahoo, with responsibility for Yahoo’s registration and anti-fraud platform services. He also built Yahoo’s original Display Advertising platform that served more than 20 billion transactions a day. Armin founded and was CEO of TRIicon Solutions, acquired by Tandem Computers.

“Checkmate, Hackers!”– BYOID “Bring Your Own Identity” Puts YOU in Control of Your Personal Data

And why you should be asking service providers for BYOID

When a friend invites you to a party and you see it’s BYOB, you know it’s probably going to be a casual, easy-going kind of event.  Whether you think it’s “bring your own bottle” or “bring your own booze” or “bring your own beer” doesn’t matter that much. What does matter is that you know you get to choose what you drink. You’re in control.  And if you do it your way, then maybe, just maybe…no headaches and no hangovers.

 

But have you heard of BYOID?  Or “Bring Your Own Identity?”

BYOID

BYOID is easy, too.  And puts you in control. When a service provider says “BYOID,” what they mean is:  

  • your identity stays encrypted and secure on your mobile device and not on their servers
  • you get to choose what personal information you share with them
  • when you need to access a BYOID service provider, there are no passwords to remember
  • none of your personal info gets stored on third-party databases for party-poopers (as in hackers) to steal and exploit.

As the demand for BYOID spreads, more and more people will require services to allow them to bring their own ID.  BYOID will become the norm (and a hacker’s nightmare). ShoCard is leading the pack of mobile identity providers with its blockchain-based patented solution. You may not be asked to BYOID to the next super bowl party, but BYOID will take away the “headaches and hangovers” of your data being stolen from service providers.

 

Read more about BYOID…

Ask your service providers if they allow you to BYOID. If not, tell them how they can with ShoCard by sharing these links:

 

Armin Ebrahimi is Founder and CEO of ShoCard, a digital identity verification system that protects consumer privacy through patented use of mobile devices and the blockchain. An industry veteran, he brings more than 30 years of experience in scalable platforms, online services, mobile-development and digital advertising to the ShoCard team.

Before founding ShoCard, Armin was the CEO of Advertising.com Dynamic Retargeting, an AOL company. Prior to filling this role, he was Senior Vice President of Platform Engineering at Yahoo, with responsibility for Yahoo’s registration and anti-fraud platform services. He also built Yahoo’s original Display Advertising platform that served more than 20 billion transactions a day. Armin founded and was CEO of TRIicon Solutions, acquired by Tandem Computers.