Decentralized Identity (DID): All you need to know

[themigeo]

Traditionally, identification of individuals has been done through a centralized system. Hospitals, schools, banks etc. have developed systems to help them uniquely identify and keep records of persons within their respective jurisdictions. Blockchain technology has enabled for a new form of identification. A decentralized identity (DID) is a set of characteristics that uniquely defines objects. Unlike conventional methods that delegate generation and management of these unique identities to a single entity, an individual’s DID remains under their control. Decentralized identity management (DIDM) is built on common trust among members on the platform. Trust is derived directly from the individual rather than through a single entity, as is the current practice with other models of identification.

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