ShoCard

ShoCard is a digital identity that protects consumer privacy and is as easy to understand and use as showing a driver’s license. It’s optimized for mobile and so secure that a bank can rely on it.



about the company

Founders

Armin Ebrahimi is a Co-Founder and Chief Executive Officer of ShoCard, Inc. Armin Ebrahimi served as the Chief Executive Officer of Advertising.com Dynamic Retargeting (formerly Buysight, Inc.) and AOL company Armin Ebrahimi served as Chief Operating Officer of Buysight, Inc. Armin Ebrahimi served as Senior Vice President of Engineering at Yahoo Advertisement & Web Portal. Armin Ebrahimi is well known industry veteran and has extensive background in advertising and online services. He served as Senior Vice President of Platform Engineering at Yahoo!, with engineering responsibility for Yahoo!’s registration and anti-fraud platform services, as well as premium services including Yahoo! Small Business, large partnerships including AT&T and Verizon, Yahoo! front doors, including My Yahoo! and Yahoo! front page. He joined Yahoo! in 1998 and was responsible for building out the online advertising system for Yahoo!. By 2004 when he left that group, Yahoo! had the largest, most scalable brand advertising platform at one of the lowest operating costs in the industry. Between 2004 and 2008, Armin Ebrahimi took on the responsibility for Yahoo!'s premium services including Yahoo! Small Business, large partnerships including AT&T and Verizon, Yahoo! front doors, including My Yahoo! and Yahoo! front page, as well as core platform services which included personalization and Geo Services. Armin Ebrahimi has experience in managing both engineering and product management teams as well as executing as GM within Yahoo!. He was an Entrepreneur and the Founder and Chief Executive Officer of TRIicon Solutions, Inc. Armin Ebrahimi serves as a Member of Board of Advisors at Mozaik Multimedia, Inc. He served as a Director of Buysight, Inc. Armin Ebrahimi has a Ph.D. in Organizational Management from Capella University and B.S. and M.S. degree in Computer Science from Chico State University and has graduated with distinction.

ShoCard in the press

Oct. 13, 2016

BlockCypher and ShoCard Provide Identity Management Solution for Blockchains

Identity using blockchains The flexibility that BlockCypher gives in connecting multiple blockchains is critical in providing the transparency, access, and scalability our customers need. -- Armin Ebrahimi, CEO of ShocardBlockCypher and Shocard have partnered to provide the market’s first identity management solution that scales across public and permissioned blockchains. Identity management challenges have increased dramatically as rising attacks on centralized identity databases give hackers almost unfettered access to millions of user records. Public blockchains like Bitcoin and Ethereum provide the benefits of immutability and transparency in an open and trustless environment. BlockCypher Identity™ includes:Address API - generates addresses for identity transactionsData Endpoint - stores encrypted informationIdentity Wallet API - groups multiple identity addresses togetherTransaction API - enables publishing transactions to store an identity into a blockchainMetadata API - adds informative descriptions.

May 25, 2016

Blockchain Startup Develops Identity App with Major Airline IT Firm

Blockchain startup ShoCard has developed a proof-of-concept focused on digital identity in partnership with a major IT firm that works with the airline industry. The identity app, dubbed the SITA Digital Traveler Identity App, was formally unveiled today during the Air Transport IT Summit industry conference, held in Barcelona, Spain. Using a blend of blockchain-based data and facial recognition techniques, the app is aimed at both streamlining how airlines verify passenger identities as well as facilitating real-time data flows at the airport. With the app, a passenger uploads their travel documents, which are then encrypted and hashed on the bitcoin blockchain. Any airline terminal connected to this system could then verify the identity of that passenger wherever they present this token.

May 3, 2016

Consensus 2016 Panelists Debate Blockchain's Business Impact

But, panelist Diego Zaldivar of open-source smart contracts platform Rootstock, which last month raised $1m, soon stepped in. Gerring responded by pointing out that blockchains like Ethereum and bitcoin aren’t the only platforms for smart contracts, citing work from InterPlanetary File System (IPFS) as an example of other even newer ways to write smart contracts. If smart contracts are given a fertile environment in which to grow, Peter Van Valkenburgh of Coin Center argues they will eventually give people an increased sense of control over privacy. But with smart contracts, users could in theoretically be empowered with the ability to tailor their privacy contracts. Another recently launched company, ShoCard has raised $1.5m to build its drivers license-based digital identity company.

May 3, 2016

Consensus 2016 Panelists Debate Blockchain's Business Impact

But, panelist Diego Zaldivar of open-source smart contracts platform Rootstock, which last month raised $1m, soon stepped in. Gerring responded by pointing out that blockchains like Ethereum and bitcoin aren’t the only platforms for smart contracts, citing work from InterPlanetary File System (IPFS) as an example of other even newer ways to write smart contracts. If smart contracts are given a fertile environment in which to grow, Peter Van Valkenburgh of Coin Center argues they will eventually give people an increased sense of control over privacy. But with smart contracts, users could in theoretically be empowered with the ability to tailor their privacy contracts. Another recently launched company, ShoCard has raised $1.5m to build its drivers license-based digital identity company.

March 18, 2016

Why Fragmentation Threatens the Promise of Blockchain Identity

But on the blockchain, most identity solutions providers are rushing to deliver solutions before bolting them onto applications. I would expect that blockchain-assisted identity and access solutions can help us arrive at better solutions than the current ones. But with blockchain solutions, the roles are reversed: You self-register your identity first, and then you link to your social accounts. He is also the author of the upcoming book, The Business Blockchain. Consumer questionsBut, when it comes to the implementation and evolution of blockchain solutions, there are a few issues and questions that arise.

July 24, 2015

ShoCard's Quest to Secure Identity on the Blockchain

Either way, the story cuts to the core of how ShoCard and blockchain technology can intercede and solve problems inherent in such an incident. ShoCard doesn't put the user's data on the blockchain, rather just its own cryptographic proof that the data is correct. First, convince enterprise businesses that using the blockchain is more secure and efficient; second, use trusted brands as distribution partners to consumers. "Question of scaleThe most pressing challenge for ShoCard isn't technology, Ebrahimi acknowledges, it's a question of scale. ShoCard, Ebrahimi believes, could compete against these systems if it could achieve a similar scale because the blockchain would help return control to users.

July 20, 2015

July 30, 2015

Venture Capital Dispatch has the story here. The company raised $1.75 million in funding roughly a year ago. Venture Capital Dispatch has more here. Revolut, a year-old, London-based alternative foreign exchange service, has raised $2.3 million (£1.5 million) from Balderton Capital. Apptio has raised roughly $136 million over the years, including from Andreessen Horowitz, Greylock Partners, Madrona Venture Group, and Shasta Ventures.

July 17, 2015

ShoCard Raises $1.5 Million For Its Digital Identity Card On The Blockchain

We’re not there yet, but ShoCard just raised $1.5 million from Morado Ventures Partners, AME Cloud Ventures, Enspire Capital and Digital Currency Group to do just that. As a reminder, ShoCard certifies and stores ID documents into the Blockchain, so that you can securely retrieve them later and prove your identity whenever you need to. It’s an interesting take on the Blockchain, and while everybody is in a wait-and-see approach with bitcoin, the Blockchain will certainly still be around for many years. When you create your ShoCard, you first scan your identity document and sign it. ShoCard removes this complexity as you only need to approve purchases with your phone once you are identified.