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The Potential of Decentralized Identity (DID) and Self-Sovereign Identity

Decentralized Identity (DID) and self-sovereign identity hold immense potential in revolutionizing how we manage and control our online identities.

by John Darbie
Sat, Aug 12, 2023 2:16am
in Opinion
• 3 mins read
14.8k
The Potential of Decentralized Identity (DID) and Self-Sovereign Identity | FinOracle

Photo: Finoracle.me

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In the digital age, where personal information is increasingly being stored and shared online, concerns about data privacy and security have reached new heights. Individuals are becoming increasingly aware of the risks associated with centralized identity systems, and are seeking alternatives that are more secure and put them in control of their own data. This has given rise to the concept of Decentralized Identity (DID) and Self-Sovereign Identity, which aim to revolutionize how we manage and interact with our digital identities.

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Tags: AIARBlockchainCESConceptDataData breachDecentralized IdentityIdentity managementIdentity theftInteroperabilityKnowledgeOnline identityOpportunitiesPersonal dataPotentialPrivacySECSecuritySelf-sovereign identitySingle point of failureSocial MediaVerifiable credentials
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