Officials in the Nansha District of Guangzhou, China plan to allow citizens to use the WeChat social networking application as a form of official identification for access government and private sector services, Security Affairs reports.
The New York Times has a really interesting story on the rise of Bitcoin’s “blockchain” technology as the foundation of a whole new wave of start-ups and applications – some of which could have big implications for Internet of Things. From the article: “As Bitcoin’s price has declined over the last year, critics have been quick to declare the virtual currency dead. Bitcoin’s true value, though, might be not in the currency itself but in the engine that makes it possible. Underlying Bitcoin — created as a way to make payments directly, anonymously and outside government control — is the block chain, a decentralized database that is driven by cryptography.” While the future of Bitcoin as a form of digital “cash” is uncertain, block chain is turning out to be a very useful technology for a variety of purposes – from streamlining financial transactions online to vouching for the authenticity of […]
The FIDO Alliance, an up-and-coming industry consortium aimed at simplifying online identity and doing away with passwords added IPO darling Alibaba to its Board of Directors, according to a statement on Tuesday. The FIDO (or “Fast IDentity Online”) Alliance announced that Alibaba Group’s payments business, Alipay will be among the first to deploy FIDO technology for secure payments authentication. On September 17, the company announced that it will use Nok Nok Labs’ FIDO-compliant NNL™ S3 Authentication Suite to enable secure online payments via the Fingerprint Sensor (FPS) technology on the Samsung Galaxy S5. Alipay customers will be able to make payments and transfers using Alipay’s mobile application, Alipay Wallet by applying their fingerprint to the Galxy’s fingerprint sensor. “We look forward to participating on the FIDO Alliance board, and assuring that commerce and authentication are uniquely cooperative and seamlessly compatible,” said Ni Liang, Alibaba group, senior director, department of security, in a statement. Mobile payments […]