I noticed Stratis was suddenly spiking up in price, so I quickly looked for news and found it. Stratis has released their Identity Proof of Concept public Beta, as was posted on reddit several minutes ago. It is called the Stratis Identity App and is available for Android and an iOS version is upcoming.
With the Stratis Identity app, users will be able to validate their identities, or other documents, once. After that, users will only have to share the attestation, not the document itself, as it is already recorded on the blockchain. As quoted from the news release: "Proof of the information you confirmed with a social login provider, like Microsoft, will be written to The Stratis Blockchain. No actual personal information will be exposed without your explicit permission."
This is similar to how projects such as Civic approach the digital identity question, I believe. Currently Microsoft, Google and LinkedIn serve as social providers to the app.
The Stratis Identity app integrates with Microsoft’s Identity and Cloud Management solutions (Azure B2C Active Directory). Microsoft is one of the largest players in the market for identity management, possessing over 90% of the entire market.
Proof of Concept
This is another Proof of Concept, similar to the Earthtwine PoC last month, and serves as a way to show enterprises examples of how to integrate blockchain in their companies.
Man...I was thinking of putting some dough into Stratis a few days, but I got lazy with the research and forgot about it. Now I may have to buy at higher prices. Looking at the charts, the current price still looks attractive when compared to the ATH at 0.0046 back in June.
Anyhow, thanks for the update.
Oh, I think Stratis is destined to go $50+ in the future. I have been buying on the dips for a while now! I have high hopes for this one.
From my research so far, Straits a POS crypto, correct? What is the yearly return on a balance of 1000 STR at the moment?
Yes, it's PoS. I have no clue on the return of staking, as I don't stake myself. I think the return is based on the transaction fees on the network: more usage -> higher return for staking. You can stake any amount and it scales proportionally as far as I know. I do believe currently the rewards are low, as the usage of the Stratis blockchain is still limited.
Ahh, so it's sort of like NEM. The proportional part is good as your returns grows with the network. I like this concept.
I suppose yes. The big selling point of Stratis is that it offers smart contracts in C# and .NET programming languages, similar to NEO. Stratis aims for corporations and is looking to offer enterprise-ready blockchain solutions and is available through Microsoft Azure.
Another thing that sets them apart is that they are implementing a Tumblebit privacy feature where you can anonymize Bitcoin payments.
This is good stuff. Can't wait to hear what their announcement is too. Stratis is the project to jump in on, glad I did.
Indeed! It is a sleeping giant. I am expecting double digits Soon (tm)
A fairly large part of my portfolio is stratis
Excellent news.
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Nice. Glad I invested something in it. Not much but something nonetheless. Thanks for sharing. :)