Paul Mampilly: Blockchain can be used to End Identity Theft

Paul Mampilly is one of the great editors of the Banyan Hill Publishing. In one of his articles, he shared about why he is set to abandon identity theft protection for blockchain security. He first gave a story on the queuing process of the Motors Vehicle Department. In this part, he said that he was renewing his driver’s license and ended up spending almost the entire day waiting at a field office. He affirmed that many people usually have to queue for a long time even if they showed up early in the morning. Paul Mampilly proceeded and informed his readers about the necessary documents at the DMV to strengthen his argument on the significance of blockchain security. He noted that people are required to show their passport, Social Security card, birth certificate or any other forms of identification.

Currently, people are expected to show three certified forms of identification on top of mailing address prove. It becomes sophisticated and time consuming for the individuals who have misplaced their critical identification documents to get replacements. It is also an expensive process since there are set replacement charges. Paul Mampilly suggested on the possibilities of saving time by devising a different way of individual identification. He indicated about blockchain security. In the recent past, Paul Mampilly noted that he wouldn’t mind having a microchip if at all it made his life more comfortable. He also declared that he was even ready to do away with his wallet, and other sensitive documents if he could get a suitable alternative.

He stated that blockchain was the only best way that could be used to eliminate the documentation processes. He went ahead and gave a brief description of how blockchain technology works. Many people usually have a notion that blockchain is only related to the cryptocurrency. This is not the case since blockchain is a method of a secure digital ledger that backs cryptocurrency. The blockchain is currently used to provide security on various bits of sensitive online information. Precisely, blockchain can be defined as an alterable electronic type of data. In blockchain, every critical data collection is put in a block whereby multiple blocks makes a chain.