Dominode® Named Top Five Blockchain Vendor to Watch by OWI

  BOCA RATON, FL - 08/02/2018 (PRESS RELEASE JET)

Dominode has been named a top five company to watch in the One World Identity (OWI) report “Blockchain and Identity in 2018: A Year of Promise and Pilots," released today. The new whitepaper from OWI, an independent advisory firm focused on trust and the data economy, provides a comprehensive review of the state of blockchain for identity as of the second quarter of 2018. The paper highlights 17 companies and organizations — 12 featured companies and five up-and-coming companies to watch — at the forefront of the blockchain identity landscape.

“We are honored to be called out as a ‘top five company to watch’ in this year’s report,” said John Toohey, CEO and Co-founder of Dominode. “2018 has been a year of awards for Dominode. In March, we were recognized as a finalist at the KNOW Identity Awards. In June, PC Magazine rated Dominode one of the coolest startups at Consensus. Clearly, among a sea of identity initiatives, the industry has taken notice of Dominode as one of the truly important standouts.”

The report selected Dominode for its innovative use of blockchain technology and potential to contribute to the broader evolution of the space. Among other factors, the report differentiated Dominode for its application of off-chain computing and storage to act as an always-available agent. The agent responds to inbound data requests and manages the user consent mechanism without putting personal data on the blockchain. “The best use of the blockchain is the least use of the blockchain,” Toohey explains.

“In the past year we’ve seen the market start to grapple with exactly the kinds of questions we see as critical to blockchain development in the identity space,” said Travis Jarae, CEO of OWI. “Solutions are beginning to coalesce around a more defined set of identity use cases, with governance structures designed with targeted functionalities and regulatory concerns in mind.”

For more information, download the full report here.

About Dominode

Dominode is a decentralized identity platform based on the principles of self-sovereignty, and focused on regulated industries. Dominode’s mission is to build a global identity platform with interoperable systems and applications and deliver against immediate, real world use-cases. Learn more about Dominode at www.dominode.com. 

About OWI

OWI is an independent trust and data economy research and strategy company focused on cybersecurity, digital commerce, and risk management. We help businesses, investors, and governments stay ahead of market trends so they can build sustainable, forward-looking identity-enabled products and strategies. We accomplish this by building community and facilitating dialogue through our events, the KNOW Identity Conference, as well as servicing the community with our educational content, news, media, independent research, and consulting. Visit OWI at www.oneworldidentity.com for the latest in identity news, events, opinion and research.