The Future is Here!
Taiwan’s capital city, Taipei, will be one of the first to roll out identity cards powered by IOTA’s technology in its ongoing campaign to become a “smart city” based on distributed ledger technology, focusing on IOTA’s Tangle technology.
Taipei has chosen to integrate the Tangle into its citizens’ everyday lives, with the launch of the new identification cards set for later this year.
It doesn’t stop there: IOTA’s technology is also being tested to manage and regulate air pollution. Using small devices to record information, the Tangle would then be used for storing and analyzing data in a more efficient and streamlined manner.
“With Taipei City always thinking ahead and with IOTA’s technology, this partnership is a strategic move to usher in the era of smart cities to the citizens of Taipei.” – Wei-bin Lee, Commissioner of Taipei’s Department of Information Technology.
IOTA is one of the most highly-anticipated projects in the cryptocurrency and blockchain space, currently ranked ninth by market cap and trading for $1.18 at the time of writing.
The new ID card is designed to restrict identity theft and add an additional level of security to sensitive information. If successful on a global level, this could eventually render the need for multiple ID cards or paper-based ID (such as passports) obsolete.
Why is IOTA not a blockchain? Find out here https://crushthestreet.com/articles/digital-currencies/iota-id-cards-coming-soon
