Decentralized Identifiers To Disrupt The Monopoly Of Centralized Institutions...
The world wide web was originally designed to be transparent, inclusive, and open to all. However, as technology progressed, the original vision was largely abandoned, leading to an overly centralized online ecosystem. Web 2.0, the version of the internet that we are currently living and most familiar with, has several drawbacks that we rarely discuss. Most of these problems stem from the fact that most Web 2.0 relies on digital identifiers. But what are these “digital identifiers,” and why do they matter? In the simplest terms, digital identifiers are used by third-party service providers....
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The context in which the Internet operates may dramatically change…or not. The End of the ICANN Monopoly? At issue is who or what will control the “non-profit” Internet Corporation for Assigned Names and Numbers (ICANN), which assigns and coordinates unique identifiers, such as IP addresses, on a global basis to create a single connected Internet. It is....
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....