News
World claims to offer financial inclusion through identity verification, but critics warn it may sacrifice decentralization, privacy, and self-sovereignty.
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Identity News
A digital identity is an entity’s information about itself that is used to represent it as an external agent in a computer system. Digital identities may be used by organizations and humans, as well as by applications and devices. Digital confirmation of identity is an authentication process. The process of giving permission for accessing information by certain identities in the system is called authorization. Identity solutions vary and use different technologies for improving the security and privacy of personal information. For example, blockchain identity management is one of IBM’s fields of work. Digital identity with implemented blockchain may help establish a secure and decentralized array of identities for everyone. Developed identity technology is one of the ways of simplifying Know Your Customer policies, smart contracts and control over personal data.
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Indonesia’s Digital Ministry is seeking public input to its probe into World’s local operators, alleging suspicious activity and registration violations.
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From combating artificial intelligence and space connectivity oligopolies, blockchain is being used in different ways to improve the status quo.
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AI agent integration may be the next breakthrough for crypto wallet safety and innovation, bringing improved usability and more security against phishing attacks.
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As AI-generated content proliferates, blockchain technology can provide a vital framework for restoring trust in an era of synthetic media and deepfakes.
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Crypto lawyer James Murphy has sued the US Department of Homeland Security to force the agency into disclosing whom it believes is Bitcoin’s creator, Satoshi Nakamoto.
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World, formerly known as Worldcoin, is a digital ID project that uses iris scans to create a digital identity.
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Bitget Wallet’s latest report found that 37% see security concerns as the biggest obstacle to crypto payment adoption.
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The company’s Circom technology has been tested by Deutsche Bank and HSBC, among others.
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Following the acquisition, Holonym plans to offer its rebranded Human Passport to users worldwide.
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Hundreds of millions of SSNs have been leaked online already, but a privacy-focused identity solution could help fix the problem.
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Privado ID co-founder Evin McMullen warned against short-term thinking for quick economic gains and compromising ethical standards.
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With the advent of Web3, decentralized identity solutions (DIDs) are considered key for securing users’ digital footprint.
2496 - Opinion
Unified digital identity can enable true interoperability in Web3 gaming.
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In contrast to World’s iris scanning, Humanity’s palm scans are more user-friendly and maintain a high level of security, according to Humanity’s founder.
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