Can Blockchain Fix Digital Identities? – Matt McKinney – Medium

  • In many areas, where a secure and transparent way to store unique data is required, blockchain provides the ready-made and viable solution to identity.
  • Decentralized identity empowers the end users and uses the same cryptographic security features we see in leading currencies like Bitcoin and Ethereum giving users protection for storing any type of digital asset including cryptocurrencies, as well as government-issued IDs, voting information, credit cards, biometric data, online bank access details, etc.
  • This is something members of the Decentralized Identity Foundation are already working on.
  • For refugees and other people in complicated life situations, decentralized identities may open access to many vital services, including medical, travel, and financial ones.

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