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Do Consumers Own Digital ID Algorithms? Look To Illinois.

PYMNTS

Illinois’ Role. Many of those efforts are likely to center on Illinois, which has what is commonly regarded as the strictest law in the U.S. The Illinois Biometric Information Privacy Act , a state law enacted in 2008, gives users a “property interest” in the algorithms that establish their digital identities.

Illinois 161
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Illinois Regulator First In US To Join R3 Blockchain Consortium

PYMNTS

As the underpinning technology to the digital currency bitcoin, blockchain technology is still in its infancy stage. While companies learn more about the technology, various financial institutions are dipping their toes into the blockchain pool. It just announced it has recently joined the R3 blockchain consortium.

Illinois 109
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Vibrant Credit Union in Illinois explores a blockchain-based future

American Banker

billion-asset Vibrant is working with the San Francisco-based distributed ledger development firm Metallicus through its Metal Blockchain Banking Innovation Program to examine use cases.

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Blockchain Tracker: 88 Bales Of Cotton, Illinois State Gov. And Adoption

PYMNTS

The smart contract and blockchain technologies will prevent the use of the same shipment of goods to satisfy more than one contract.”. At the state level, Illinois’ government has shown interest in delving into incorporating blockchain into how it does business. Indeed, smart contracts are more efficient and, well, smart.

Illinois 100
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Bitcoin Daily: Deribit Crypto Exchange Flees Netherlands’ Tight Regulation; Illinois Now Recognizes Blockchain Contracts As Legally Binding

PYMNTS

On another note, Illinois has become the most recent state to recognize blockchain-based records, including smart contracts, as legal, according to CoinDesk. Illinois’s Blockchain Technology Act went into effect on Jan. 1, and was sponsored by Representative Keith Wheeler.

Illinois 131
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North Lane, daVinci Payments Finalize Merger; Form Syncapay

PYMNTS

North Lane Technologies and daVinci Payments said they have finished their merger, making a "high-growth, premier payment company with innovative technology and solutions," according to a Thursday (Dec. North Lane Technologies was known as Wirecard North America in the past. 10) announcement.

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Software Company Salesforce Offers System For COVID-19 Vaccine Rollout

PYMNTS

San Francisco-based Salesforce has officially launched its “Vaccine Cloud,” a technology package designed to help manage the rollout of the COVID-19 vaccines. The company pointed to Northwell Health in Illinois, the University of Massachusetts Amherst and Gavi , the Vaccine Alliance.

Software 193