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Cambridge Blockchain, LuxTrust to roll out blockchain IDs in Luxembourg

Tuesday 16 May 2017 | 09:00 AM CET

Cambridge Blockchain has teamed up with LuxTrust, a digital identity company backed by the government of Luxembourg, to build an ID platform.

The platform will be launched over the coming months and the initiative aims to promote digital identity solutions within Luxembourg, a movement that began in the early 2000s. Currently, the state of Luxembourg owns two-thirds of LuxTrust, with the remainder held by a consortium of banks and financial institutions that utilize its services.

The digital identity company will integrate blockchain, setting the stage for at least some of its 500,000-strong subscriber base to utilize the tech in some capacity. In addition, the move comes months after Cambridge Blockchain finished raising USD 2 mil in a funding round, drawing support from VC companies Partech Ventures and Digital Currency Group.

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