Telegram Reveals Data Sharing Tool for ICOs
Telegram, the popular messaging app and platform, is now looking to getting even more involved with cryptocurrency via the launch of Telegram Passport, which is a personal ID tool which can be used to secure the identity of users when they share info with third parties.
Telegram stated that the tool will specifically be aimed towards data sharing with “finance” and “ICOs”, and while it is currently based on Telegram’s cloud services, the platform will be relocated to a “decentralized cloud” later on.
The company publicized the new service in an official announcement, stating the following:
“Our digital lives are getting closer and closer to the real world, and the number of services that need to know your real-life ID increases accordingly. Before today, this meant you had to upload the same document scans over and over for each new app. No more!
Meet Telegram Passport – a unified authorization method for services that require personal identification. Upload your documents once, then instantly share your data with services that require real-world ID (finance, ICOs, etc.).”
Users will be able to register their personal information on the platform and then share their data with third parties in a secure fashion. By employing end-to-end encryption to store identity documents and personal data, as well as a user password to secure the information.
Telegram has confirmed that the tool is currently being incorporated with ePayments – digital payment operator – to bring forth an approach which describes itself as being the “first electronic payments system to support registration and verification”.
ePayments has stated that it caters to more than 500,000 freelance customers and 1,000 businesses, and currently has support for Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. It is still yet unknown if the payments processor will be accepting Telegram’s TON tokens, or if its Passport service will be relocated to a new blockchain in the future.