Everything You Ever Wanted To Know About Decentralized Identities

Decentralized identity is an important use case of blockchain technology. It will change the way people share, access, and control their information. The most important benefit that decentralized identity will bring is that it will lead to a reduction in large scale data breaches. With a decentralized identity system in place, ownership of data is rightfully placed back in the hands of the individual to whom it belongs. We are replacing the marketers who collect and sell our information. We're not able to formally prove their identity. It’s estimated that around 1 billion people do not have any proof of identity.