Discussing The Future Of Decentralized Identity
A group of Bitcoiners explore why having decentralized identity may be just as important as decentralized money.Watch This Episode on YouTubeWatch/Listen To This Episode:BitcoinTVRumbleAppleSpotifyLibsynOvercast In this episode of Bitcoin Spaces Live, hosts Christian Keroles (@ck_snarks) and P (@phjlljp) are joined by Daniel B (@csuwildcat), Shinobi (@brian_trollz), and Level39 (@level39) to discuss the future of decentralized identity. They explore the different decentralized identity projects happening at Microsoft and Square, ION (a layer 2 built on top of Bitcoin), why....
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What is a decentralized identity, and why does it matter? In this guide, we break it down for you. Decentralized identity protocolsSeveral identity protocols, from crypto startups to big tech solutions, deal with decentralized identification, and each has its specifics and features.Though the decentralized identity technology is fairly new, initiatives and players in the decentralized identity space, software for implementing decentralized identity wallets and supporting services are plentiful. They range from the Hyperledger open-source developing community, through a range of....
Founded by leading crypto exchange Coinbase and Circle, the Centre Consortium recently announced a set of decentralized data models and identity protocols for credential issuance under the name “Verite”. Per a press release shared with Bitcoinist, the identity solution has been developed as open software and can be implemented by developers right now. Related Reading […]
Are decentralized digital identities the future or are they a niche use case for blockchain technology doomed to solely be used by crypto natives? As users take advantage of online services and explore the internet, they eventually create a digital identity. This type of identity is then tied to central entities like Google and Facebook, which make it easier to share data with new services through simple sign-in buttons.While these digital identity management systems are convenient, they are relying on centralized intermediaries that hold and control user data. Personal identifiers and....
The Openname protocol was built by Onename and allows users to create an identity, verify it, and use it across the internet. The service acts like a digital passport and allows people to easily send Bitcoin to users of Openname. Onename has announced super decentralization of the Onename protocol by giving up their monopoly on users. Users of the protocol will be able to select a provider for authentication purposes, thus making the authentication process decentralized. Onename has also raised $1.5 million in funding. Also read: The Upcoming Decentralization Singularity. In addition to....
.bit (did.id) has raised $13 million to build a cross-chain decentralized identity protocol. The Series A round, completed one year after the startup’s launch, was from CMB International, HashKey Capital, QingSong Fund, GSR Ventures, GGV Capital, and SNZ.
.bit’s open-source blockchain protocol will provide permissionless decentralized identification for individual users and DAOs. Over the past 12 months, the project’s user and developer communities have experienced strong growth. Almost 100 mainstream wallets and dApps have already integrated with .bit and....