ArcBlock’s ABT Wallet 2.0 Released, Pushes for Decentralized Identity Standards
- ArcBlock integrates decentralized identity deeply within their blockchain network.
- User feedback was used in the panning of ABT Wallet 2.0, which provides improved user experience.
ArcBlock CEO and founder Robert Mao at the Dubai International Blockchain Summit on 8 Jan 2018. International Blockchain Summit
The popular blockchain platform for ready-to-use dapps and enterprise blockchains ArcBlock announced the 2.0 version release of their identity wallet. The new version comes with a brand new dynamic experience, supporting users in their daily routines.
Version 2.0 of ABT Wallet comes with an all new user experience that allows easier interaction with different services and applications. It makes all data-related activities like buying plane tickets or checking your transactions secure in a simple and streamlined manner.
The new release lays down on the decentralized identity protocol – DID:ABT that is industry wide. With it all data is kept in the wallet autonomously from any centralized authorities or registries and stays fully controlled only by the user.
The all new ArcBlock’s network identities automatically come with a DID which grants full flexibility to those who build or use decentralized identity services.
As part of the W3C CCG working groups and the Decentralized Identity Foundation, ArcBlock are setting industry-wide decentralized identity standards.
The CEO of ArcBlock, Robert Mao shared his enthusiasm with the release:
“We are excited about the release of ABT Wallet 2.0 and enabling decentralized identity to be a part of everyone’s daily life. For the first time, users can experience the benefits of decentralized identity and blockchain technologies, but in a way that makes sense.”
Mao added on the intentions of their product:
“Today, most people are using mobile devices throughout their day, and the new ABT Wallet is designed to extend the capabilities of their phone by allowing them to use these next-generation blockchain services in a way that is already familiar. Every interaction is designed to be useful and user-friendly. Moreover, we’ve added new capabilities that allow users to manage their personal and professional digital properties with ease.”
Users were very much involved in the process, as their feedback was used by ArcBlock’s team of developers. While the first version of ABT Wallet allowed effortless sign-up and login, easy verification of attestations and claims with incomparable privacy still, the feedback was given primarily by blockchain users.
The new ABT Wallet 2.0 brings easy access at the place of work, smooth user profile interactions with applications and websites, and simple payment and document-related activities.
The new and improved Wallet Software Development Kit by ArcBlock will also be released in the upcoming months. It will allow developers and organizations to create their own identity wallets.
- The group of 10 Spanish companies known as Dalion, including Santander, has already completed the proof-of-concept trial of its new ID solution.
- The group expects to complete phase 2 of the development in the next six months, and have the solution ready for a live production environment by May 2021.
Santander Bank branch in Liverpool, United Kingdom, photographed on December 18, 2012. Shutterstock
- FATF’s draft guidance is 77 pages and focuses on many digital ID-related issues.
- The international organization has been very active throughout the year, as the popularity of stablecoins continues to increase.
- The program came out after extensive talks which engaged 158 professionals and company representatives.
- At the European and international level, the Federal Government will work to ensure that stablecoins are not allowed in the economy.