Are decentralized digital identities the future or just a niche use case?
Cointelegraph
Published Sep 28, 2022 10:48AM ET
Updated Sep 28, 2022 12:20PM ET
As users take advantage of online services and explore the internet, they eventually create a digital identity. This type of identity is then tied to central entities like Google (NASDAQ:GOOGL) and Facebook (NASDAQ:META), which make it easier to share data with new services through simple sign-in buttons.
While these digital identity management systems are convenient, they are relying on centralized intermediaries that hold and control user data. Personal identifiers and attestations are in their hands, and they can decide — or be forced — to share this information with other parties.
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Written By: Cointelegraph
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