Dragonchain Spins-Off Decentralized Identity Solutions and Services
Summary
BELLEVUE, Wash.--(BUSINESS WIRE)--Today Dragonchain announced the spin-off of Dragon Factor technology to a new entity, MyFii, to launch a new and improved decentralized identity solution called Factor™. The groundbreaking decentralized identity technology initially developed by Dragonchain has been operational for over two years and has seen recent customer adoption with healthcare, fintech, and social media. Creating massive treasure troves of sensitive information, enticing bad actors and causing data breaches to become rampant. Current identification systems are siloed and enterprises face major challenges in managing Personal Identifiable Information (PII) in an increasingly regulated environment (eg. The company provides a full open source ecosystem to enable the creation of successful and scalable blockchain projects for enterprises with long-term value.