📕 Better than Yesterday #59: Decentralized Identity

Centralized digital IDs risk breaches and theft; blockchain-based Decentralized Identity (DID) offers a secure, user-controlled alternative.

ℹ️ What is DID?
A Decentralized Identifier (DID) is:
➖ A unique cryptographic key pair controlled by you.
➖ Paired with verifiable credentials (VCs) for attributes like diplomas or age.

ℹ️ How DID Works: A User-Centric Flow
1️⃣ Create a DID
2️⃣ Receive Credentials
3️⃣ Store Credentials
4️⃣ Present Proof
5️⃣ Verify Instantly

ℹ️ Benefits of DID Technology
👤 For Users:
🔒 Total control over your data
🔒 Selective disclosure for privacy
🔒 Tamper-resistant security
🔒 One identity across multiple platforms

🏢 For Organizations:
✅ Streamlined onboarding and compliance
✅ Faster, cheaper verifications
✅ Reduced fraud with cryptographically verifiable information

Stay tuned for part 2 on industry adoption and how DID is reshaping the digital landscape!