Bermuda Begins Development of a Blockchain-Based National ID System
Published in
1 min readOct 29, 2019
“David Burt, Bermuda’s prime minister, said in a statement that Perseid “can be a great showcase of how this technology can be applied to solve complex challenges facing the financial services industry such as reducing the burdens of compliance while exceeding global regulatory standards and expectations.””
“Bruce Silcoff, CEO at Perseid, said: “When e-IDs are used in conjunction with a compliance-based regulatory framework and paired with best-in-class technology solutions, e-IDs can create a digital identity authentication mechanism and bridge for the residents of Bermuda to permission the exchange of attested data attached to that e-ID.””
