The Luxembourg-based IT Engineering company INTECH S.A. has launched, in partnership with LuxTrust S.A., an innovative on‐line service to associate a strong digital identity to an address in Ethereum blockchain.
At the end of last month, on 29 March 2018, the leading IT Engineering company INTECH and European qualified Trust Services Provider LuxTrust launched this new service, which represents a world first in the blockchain industry aimed at giving blockchain users and applications’ providers a strong and trusted confirmation of the owner of an Ethereum address.
Named “EDDITS” (“Ethereum Decentralised Digital Identity Trust Services”), the service was first launched in collaboration with INFRACHAIN, the community‐driven governance environment for operational Blockchain instances.
With the growing number of blockchain applications, identity verification has always been a challenge. Reconciliation between blockchain address and official and formally‐trusted identity without any additional trusted third‐party still remains an issue, an issue to which EDDITS hopes to have found the solution.
By linking an EU‐certified eIDAS‐compliant digital identity to an Ethereum ERC‐725 identity, EDDITS opens a new era of trust in all blockchain applications and transactions, and shall provide the much‐needed identity confirmation now required in Initial Coin Offerings (ICO).
Moreover, EDDITS exploits new standards in Ethereum blockchain technology, in particular ERC‐725 and ERC‐735. Through accessing EDDITS, any user can link his/her LuxTrust strong identity to his/her blockchain identity, and any Ethereum service provider can then verify such identity through a claim. Applied to INFRACHAIN, EDDITS provides an additional level of trust that sustains the ground objectives of INFRACHAIN, i.e. providing a trusted and well‐governed open blockchain infrastructure to any users, service‐providers and ICOs.
