uPort represents the next generation of identity portal systems: the first identity system to enable self-sovereign identity, allowing the user to be in complete control of their identity, digital assets and personal information. uPort also serves as an Ethereum wallet for native tokens like ether, as well as subtokens created on the Ethereum platform.
Digix Gold represents a new paradigm for the tokenization and storage of gold. By using Digix, gold can be stored, sent, and received with an Ethereum wallet. Moreover, one can verify ownership in real-time by searching the Ethereum blockchain.
Kai Chng, CEO of Digix relayed, “We at Digix felt that moving to a more formal relationship with ConsenSys would expedite our development on Ethereum. We share a similar vision with ConsenSys in building and nurturing the community. This formal initiative will allow our developers to build a stronger ecosystem with less redundancy,”
Joseph Lubin, founder of ConsenSys remarks, “We have been fans of the vision and product roadmap of Digix for quite a while. And we continue to be impressed with the level of expertise of our partners at Digix.”
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Digix provides a use case for the tokenisation and documentation of physical assets through its Proof of Asset (PoA) protocol. The PoA protocol utilises Ethereum and the Inter Planetary Files System (IPFS) to track an asset through its chain of custody. This allows for the open and public verification of an asset’s existence without a centralised database. Digix also offers an API allowing other applications to be built on top of our asset tokenisation service.
ConsenSys spawns, coordinates, incubates and accelerates blockchain focused Spoke Ventures (SV’s) via internal development, merger & acquisition, investment and joint venture. ConsenSys has also formed ConsenSys Enterprise to execute large scale blockchain solutions.
Ethereum is a decentralized public blockchain protocol that executes smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.