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Sovereign identity - reclaim control over your personal data

Mon Oct 09, 2017 1:27 pm

In our identity system, governments and banks become attestation providers, rather than guardians of identity, by issuing verifiable claims about an individual, that the individual can then store and manage for themselves – says Alex Edelstein, marketing manager at uPort.com i Bithub.pl’s #SundayInterview

What is sovereign identity and what’s the use of it?

Alex Edelstein: In its most basic sense, self-sovereign identity puts the user in control of their identity and the personal data associated with it, without relying on centralized service providers.

The current identity models treat user data as a product, with every digital service requiring the user to create an account, verify their identity, and store their data with the business rather than the user.

Businesses then monetize and exchange this data for their own gain. Time and again we have witnessed the consequences of this system, with the Equifax breach just the most recent instance of user data being compromised.

Self-sovereign identity aims to solve these problems by putting the user at the center of the identity system and giving the individual control over their identity and which third parties get to access it.


Full interview available on https://bithub.pl/english/sundayintervi ... onal-data/

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Re: Sovereign identity - reclaim control over your personal data

Thu Aug 23, 2018 8:56 pm

Do we even have personal data in 2018? Idea of privacy is a mirage
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paullewis
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Re: Sovereign identity - reclaim control over your personal data

Sun May 19, 2019 8:55 pm

Do we even have personal data in 2018? Idea of privacy is a mirage
privacy can be a reality with privacy coins like Veil, moreno, etc. First, we need to make a correction here: we’re talking about “privacy-focused coins,” because these cryptocurrencies are designed to eliminate the links between users and their transaction history. Why? For the complete privacy of people who don’t want to have a public ledger of their everyday transactions. That’s why we are calling them privacy coins. Privacy coins use features like masternode technology, ring signatures, and stealth wallet addresses to make it very difficult for third parties to trace transactions across their blockchain. That’s right. Their transactions are still recorded on the blockchain and publically accessible, but no identifying information is linked to the user’s address. This is what veil does.

shinratensei
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Re: Sovereign identity - reclaim control over your personal data

Mon May 20, 2019 5:20 pm

Do we even have personal data in 2018? Idea of privacy is a mirage
privacy can be a reality with privacy coins like Veil, moreno, etc. First, we need to make a correction here: we’re talking about “privacy-focused coins,” because these cryptocurrencies are designed to eliminate the links between users and their transaction history. Why? For the complete privacy of people who don’t want to have a public ledger of their everyday transactions. That’s why we are calling them privacy coins. Privacy coins use features like masternode technology, ring signatures, and stealth wallet addresses to make it very difficult for third parties to trace transactions across their blockchain. That’s right. Their transactions are still recorded on the blockchain and publically accessible, but no identifying information is linked to the user’s address. This is what veil does.
Even if their transactions are still recorded in the blockchain but tx log will not show anything and that will help the user to get its privacy that will not be traced by others.
that's the main point to get control over our personality especially with our privacy, something new is needed and veil can become the best answer for that because that's the first fully privacy protocol.

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