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Showing 3 of 3 results by Melvin297
Then it will defeat the purpose of anonymity. If you are worried about wrong typo leading to the fund going to different address then by all means always scan with a qr code. I usually get the recipient to screen capture the qr code and send to me to avoid mistakes in large fund transfer
Indeed this service is for manual transactions. For safety it's better if people get a double check option. At enterprises people have to handle loads of invoices. People can make mistakes by scanning the wrong QR code or other things may go wrong not mention any kind of fraud. Paying is peoples business after all.
I know it will defeat the purpose of anonymity. Though, I think business like to give in some anonymity to get more safety.
Well you can title/name addresses on blockchain.info. Whilst bitcoin was designed to be as vod described above I think being able to name addresses for things like this would have its benefits for those who wanted to use this feature.
Thank you for all the answers. This is very helpful.
What do you guy's think of a feature/service where you can verify a name of a bitcoin address? Not in the root of the Bitcoin chain. More like some additional service for those who like it. The scope can be for businesses transferring money to each other, wanting some extra safety. Bitcoin wallets specialized in B2B transactions can integrate this API, so their customers can have some extra safety.
Our company contains a well known international trustfully brand that offers loads of data for many years now. I'm thinking about the possibility to use this brand to set up an API service to check names with known bitcoin addresses.
I'm wandering what you guy's think of such a service.
While using bitcoin as a simple business user I keep asking myself:
Is there a check available for bitcoin addresses/names?
In The Netherlands regular banks check if the bank account number from the beneficiary matches the account name.
i.e. I transfer money to another company called "Todd's Construction Company" with bank account "NL45INGB0123456789". I use these two parameters in my bank transaction to pay an amount to this company. My bank will check if these two parameters match somehow. If I would use the name "Isa's bakery store" my bank will notify me that the transaction is possibly wrong.
Bitcoin wallet like Multibit use a name for the beneficiary. Is there any service available to check if the name I use is the name of the beneficiary I think it is?
Is there a check available for bitcoin addresses/names?
In The Netherlands regular banks check if the bank account number from the beneficiary matches the account name.
i.e. I transfer money to another company called "Todd's Construction Company" with bank account "NL45INGB0123456789". I use these two parameters in my bank transaction to pay an amount to this company. My bank will check if these two parameters match somehow. If I would use the name "Isa's bakery store" my bank will notify me that the transaction is possibly wrong.
Bitcoin wallet like Multibit use a name for the beneficiary. Is there any service available to check if the name I use is the name of the beneficiary I think it is?