Coinbase to Pursue Decentralized Form of Identification Following Acquisition

The cryptocurrency exchange and crypto wallet company Coinbase has announced that it has acquired Distributed Systems Inc., a US start up developing decentralised identity solutions.
According to Coinbase’s project manager for Identity, B Byrne, the acquisition will boost Coinbase’s push into developing a decentralised identity service that will “let you prove that you own an identity, or that you have a relationship with the Social Security Administration, without making a copy of that identity”.