Digital identity is the future, US congressman Bill Foster says
Speaking at the online launch event for the Global Digital Asset & Cryptocurrency Association on Friday — a Chicago-based group focused on regulatory clarity and industry security — U.S. Representative Bill Foster explained the importance of a “secure digital identity.”
“You can have the most rock-solid cryptographic guarantees of a blockchain or equivalent and it doesn't do you any good if people are fraudulently participating on it under anonymous names,” Foster said during his brief speech at the event. He mentioned trading as an example, noting some less-than-honest characters in the industry could conduct illegal trading activities using fake names.
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