Feb 5, 2020
Self-Sovereign Identity: Dream or Reality?
New Post has been published on https://blockcast.cc/uncategorized/self-sovereign-identity-dream-or-reality/
Self-Sovereign Identity: Dream or Reality?
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Self-Sovereign Identity: Dream or Reality?
New Post has been published on https://blockcast.cc/uncategorized/self-sovereign-identity-dream-or-reality/
Self-Sovereign Identity: Dream or Reality?
Challenges to achieving decentralized identity adoption
Personal identification information is becoming increasingly more, if not fully, digital, public, and out of our control. Unfortunately, there are limited options for securing or protecting this information as it’s needed to access and engage with most devices, applications and digital services.
The whole decentralized identity movement is still in the early stages and has to overcome their fair share of challenges to achieve adoption. Major challenges include, as stated by Circle Research are:
Pushback from companies like Facebook or Google whose business models are reliant on owning and controlling user identity
Fragmentation and lack of interoperability between DID systems
UX hurdles — namely wallet management and key recovery mechanisms
Lack of interest from end users who don’t care about self-sovereign identity and privacy
Read the full report on DID and ION