Telegram Unveils Telegram Passport, the First Service for Its Future Telegram Open Network (TON)
Originally published on: CoinSpeaker
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May 10, 2018
Telegram Passport that is said to be launched by the beginning of the summer will be the first service of future Telegram’s blockchain platform.
As it has become known Telegram has created the first service for its future blockchain platform Telegram Open Network (TON) and now the team conducts private trials. The company’s development is called Telegram Passport. The service is aimed at identifying Telegram users.
Telegram will offer users a possibility to upload all the necessary documents to the messenger. It will be enough to do it only once and then Telegram will instantly transfer this data to its partner services which will enable users to use these services via Telegram or on their main web sites.
As it was informed by a source close to the company, Telegram Passport may be launched by the beginning of the summer.
In January, Telegram announced its plans to create TON. With a view to develop this project, the company has raised $1.7 billion. Telegram promised to create an entire new economy with a huge number of goods and services that you can pay for in cryptocurrency.
The platform will have its native token called Gram that is to become the key digital currency of Telegram’s ecosystem. Moreover, some experts have predicted that Gram will reach a $200 billion market cap just in 5 years.
With its new service, Telegram has an aim to avoid anonymity of crypto payments which is one of the main issues for governments all over the globe. It is planned that by the moment of the launch of Telegram Passport it will be possible to use services of several platform’s partners.
There are some talks about the fact that payment system Qiwi is considering a variant to join the project as it has already received an access to this technology. Nevertheless, there are no official comments from Qiwi yet.
Telegram Passport will be able to accept passports, driver’s licenses, bank account certificates, utility bills, and other documents. Moreover, the service will be able to make a request to take a photo of a user.
Only a user will have an access to the private data and documents copies uploaded to Telegram. All this information will be protected using a “two-factor authentication” method. And Telegram won’t have an access to it.
The service will receive data and documents only after a user confirms his or her agreement to transfer them. The partners of the platform will need to verify the received data in accordance with their own standards.
Telegram Passport is the first step to creation of a comprehensive blockchain platform that will unite millions of people from all over the world. Nevertheless, this service can’t be considered as a unique one.
Such serious Telegram’s rivals as Facebook, Google and Windows Live also offer an opportunity to pass through authorization on external sites via their platforms. Nevertheless, Telegram Passport is said to have a very important advantage – it promises users to provide an enhanced level of privacy and data security.