📌 Decentralised Identity (DID) Summary
Decentralised Identity (DID) is a way for people or organisations to control their digital identity without relying on a central authority like a government or a big company. With DIDs, users create and manage their own identifiers, which are stored on a blockchain or similar distributed network. This approach gives individuals more privacy and control over their personal information, as they can decide what data to share and with whom.
🙋🏻♂️ Explain Decentralised Identity (DID) Simply
Imagine having a digital wallet that holds your ID, but only you can access it and decide who sees it. Instead of asking a central office to prove who you are, you show your own proof whenever needed. This way, you are in charge of your identity online, just like you are with your wallet in real life.
📅 How Can it be used?
A DID system can be used to let users sign into a service without creating a traditional username or password.
🗺️ Real World Examples
A university issues digital diplomas as decentralised identifiers to graduates. When applying for jobs, graduates can share their diploma directly with employers, who can instantly verify its authenticity on the blockchain without contacting the university.
A healthcare provider uses decentralised identity to let patients store their medical records securely. Patients can grant temporary access to doctors or hospitals as needed, keeping their information private and reducing paperwork.
✅ FAQ
What is a decentralised identity and how does it work?
A decentralised identity lets you control your own digital identity rather than relying on a government or a big company. You create your own identifier, which is stored on a blockchain or another secure network. This means you decide what details you share and with whom, giving you more privacy and control over your personal information.
Why would someone want to use a decentralised identity instead of a traditional one?
With a decentralised identity, you are not tied to a single organisation or authority, so you stay in charge of your own information. You can choose what to share and avoid handing over unnecessary details to companies or websites. This helps protect your privacy and reduces the risk of your data being misused or exposed in a data breach.
Can decentralised identities help reduce identity theft?
Yes, decentralised identities can help lower the chances of identity theft. Because you control your information and only share what is needed, there is less personal data floating around for criminals to steal. The technology also uses advanced security measures, making it much harder for someone to impersonate you online.
📚 Categories
🔗 External Reference Links
Decentralised Identity (DID) link
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