Brazil Cip Launches Tender

A facilitator of Brazilian banking and financial infrastructure CIP has officially announced the launch of its blockchain ID platform in collaboration with IBM using Hyperledger Fabric platform.The identity solution which has been named as Device ID will witness participation from nine banks. It is integrated into Brazils domestic clearing system the Brazilian Payment System SPB.Design of the new blockchain platform aims at authenticating and verifying digital identities for users bank accounts by using an individuals mobile phone and SIM card information in combination with other smartphone-derived personal data. The combined data will help to generate a secure ID recorded on a blockchain which can be used by institutions to authenticate access credentials.Joaquim Kiyoshi Kavakama director of Febraban Brazils national banking association said Brazilian banks have been studying blockchain technology applications for a long time but they werent all together. So we decided to create a group and unify all actions which is very important to achieve standardization to all banks.