Are decentralized digital identities the future, or are they a niche use case for blockchain technology doomed to solely be used by crypto natives?
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.
The African continent has emerged as a hotbed for crypto and blockchain activity, with countries like Nigeria and Ethiopia leading the way.1576
Adopting more stringent Know Your Customer (KYC) checks can give crypto exchanges a competitive edge over those that meet minimal standards.1305
What is a decentralized identity, and why does it matter? In this guide, we break it down for you.289
Bitcoin transactions are easily traceable through blockchain explorers but do not directly reveal the identities behind Bitcoin wallet addresses.211
NFT Steez chats with Lukso co-founder Marjorie Hernandez about how Universal Profiles onboard and empower users with digital self-sovereignty2032
Web3 games are focusing on community building, aesthetics, customization and representation to attract female users — but is this enough?4672
Metaverse users can reinvent themselves with a digital identity built upon avatars and digital assets, but there are challenges to consider.6488
Binance's new Binance Account Bound token is aimed at many use cases in the decentralized society but will initially only serve as Binance KYC user credentials.8793
Web2 identity has been all about linked email addresses and social media accounts. Now that Web3 is poised to move in, here’s why crypto wallets will be the new key to ID.5754
With the regulatory push for a tighter identification standards rises, the crypto industry definitely has some innovations to offer.4442
What’s behind Buterin’s embrace of “soulbound tokens”? Ensuring Ethereum’s dominance? A backlash against NFTs? Creating a better world?10003
Years ago, the world was obsessed with .com domain names. Now, attention is turning to NFT domains that offer much, much more.2667
What will our identity look like in the Metaverse? A decentralized Web3 suggests it’ll be completely in our control, but growing amounts of information stored online suggest otherwise.6797
The latest metrics on new registrations and renewals of existing domains on ENS show that interest in the digital identity service has shattered previous records.13619