ArcBlock Releases version 2.0 Version of its Decentralized Identity ABT Wallet

Bellevue, Washington, November 26, 2019: ArcBlock, a leading blockchain platform for production-ready decentralized applications and enterprise blockchains, announced today that they are releasing a new version of their decentralized identity wallet. With this release, ArcBlock is delivering a new decentralized identity wallet experience that is dynamic and supports users’ daily life. ABT Wallet moves beyond fundamental static interactions. With ABT Wallet, ArcBlock is making it easy for anyone to take back control of their digital identity and day-to-day activities with nothing more than a mobile device. ABT Wallet 2.0 now includes:

With these new features, users can now use nothing more than a mobile device and the ABT Wallet app to interact and manage their daily digital experiences with the ongoing confidence that their data is secure. ABT wallet makes sure that whether it’s logging into a dashboard for work or buying event tickets for fun, everything can be done in a few actions, and users can always be confident that their identity data are only known to themselves.

The ABT Wallet 2.0 is built using an industry-standard decentralized identity protocol – DID:ABT that allows users to create decentralized identities created in the wallet to be under the control of the user and independent from any centralized registry, identity provider or certificate authority.

ArcBlock has also deeply integrated decentralized identity with its interoperable blockchain network. Any identity created on the network is automatically given a DID helping anyone wanting to build and deliver services using decentralized identity total flexibility. ArcBlock is an active member of the Decentralized Identity Foundation and W3C CCG working groups, who are actively working to establish decentralized identity standards.

“We are excited about the release of ABT Wallet 2.0 and enabling decentralized identity to be a part of everyone’s daily life. For the first time, users can experience the benefits of decentralized identity and blockchain technologies, but in a way that makes sense,” said Robert Mao, CEO of ArcBlock. “Today, most people are using mobile devices throughout their day, and the new ABT Wallet is designed to extend the capabilities of their phone by allowing them to use these next-generation blockchain services in a way that is already familiar. Every interaction is designed to be useful and user-friendly. Moreover, we’ve added new capabilities that allow users to manage their personal and professional digital properties with ease.”

Since the release of the first version of ABT Wallet, ArcBlock’s team worked with users and customers to get feedback on what they wanted in the next ABT Wallet release. With ABT Wallet 1.0, users could use secure sign-up and login, easily verify claims, proofs and attestations, and had unparalleled privacy. However, the feedback demonstrated that these interacts still focused on people who were already familiar with blockchain. With ABT Wallet 2.0, ArcBlock is making the decentralized identity wallet useful to everyone in a way that was already familiar. With ABT Wallet, users can easily log in and access at their place of employment, create and use websites and applications with user-defined profiles, request, share and send documents, or even make a payment at their local coffee shop and so much more.

In the next few months, ArcBlock will be releasing an updated Wallet Software Development Kit (SDK) to enable developers and businesses to launch their own identity wallets.

ArcBlock is transforming the way blockchain-enabled applications and services are developed, managed and deployed by reimaging how these services can support professionals in their enterprise tasks. Katalyst Technologies, the parent company of Panacea Infotech, has worked with multiple industries to customize the capabilities of blockchain technology to their requirements. Our industry experts and developers are focused on creating successful outcomes by enabling teams and businesses to create blockchain-ready services around their needs. We have also implemented blockchain development platforms combined with cloud computing strategies for businesses to achieve their goals successfully. Get in touch for a free consultation to explore how blockchain can serve your needs.