For most of the history of the internet, a user’s identity was secured simply with a username and password combination, with all data being held on the provider’s—often centralized—systems. As the web has evolved, some new forms of identity verification have emerged, but these largely still put third parties in control.
However, with the rise of Web3 comes the opportunity for users to take control of their data. Thanks to the benefits of blockchain technology, users will have access to digital self-sovereign identities (SSIs) that enable them to confirm who they are while still retaining complete control over their data. These IDs come in many forms, including non-fungible tokens (NFTs) that live in an individual wallet and can follow a user across all platforms, allowing only them to decide exactly what is shown and to whom.
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