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Blockchain

Accenture to sign agreement with Netherlands, Canada and others, confirms David Treat

Accenture, the Global Accounting Giant will soon sign a formal agreement with Canada, the Netherlands and with different groups to utilize blockchain in recognizing travelers. This development was confirmed by David Treat, the company’s managing director of capital markets at Synchronize Europe meeting in London held on June 18th.

Accenture will collaborate with some portion of its extending activities in the blockchain division, with the Canadian and Dutch governments, such as Air Canada, Air France-KLM, and a few airports under the latest agreement. Moreover, Treat will approve the agreement, called “Known Traveler Digital Identity,” which intends to customize the passenger’s encounters utilizing biometric information, in around about fourteen days. This Project was initially surfaced in mid-2018 around the World Economic Forum, with authorities demonstrating the need to facilitate the data of the travelers.

Moreover, with the Traveler digital Identity system, the Canadian government has already trying to test air terminal security and screening framework that will enable passengers to digitize and share travel records and biometric data with experts more in advance.

John Moavenzadeh, Head of Mobility System Initiative at the World Economic Forum says that –

At that time, With travelers providing access to verified personal biometric, biographic and historical travel data at their discretion, they can assist authorities to undertake risk assessments and pre-screening in advance: essentially verifying their identities and providing secure and seamless movement throughout their journey using biometric recognition technology.

Succinctly put, The Known Traveler Digital Identity framework would enable travelers to utilize an application to store and impart data to experts more in advance, permitting more opportunity for pre-screening. All information would be safely stored in the blockchain, which is an open ledger that records data in the encoded structure on a network of PCs throughout the globe. A blend of encryption and decentralization ensures travelers’ privacy.

Moreover, the start of the Known Traveler Digital Identity model is the initial phase for open and private segment leaders to scale quickly to change the border crossing experience for most authentic travelers fundamentally. By 2030, worldwide air arrivals are forecasted to achieve 1.8 billion travelers, a half increment from the 1.2 billion visitors which were recorded in the year 2016.

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Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.

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