Decentralized-Identity

Why This Matters Now The recent Equifax data breach exposed the vulnerabilities of centralized identity systems. With millions of records compromised, the need for a more secure and user-controlled approach to identity management has never been more pressing. Decentralized identity solutions, such as Hedera Hashgraph, offer a promising alternative by leveraging blockchain technology to give users control over their digital identities. 🚨 Breaking: Equifax breach exposed 439 million records. Transitioning to decentralized identity can prevent such large-scale data leaks. 439M+Records Exposed 1 year+Data Breach Duration Introduction to Decentralized Identity Decentralized identity (DID) is a system where individuals manage their digital identities and personal data independently, without relying on a central authority like a government or corporation. Instead of storing all identity information in a single database, DID distributes this data across multiple nodes, making it much harder for attackers to compromise. ...

Decentralized Identity (DID) represents a paradigm shift in digital identity, empowering users to control their identity data without relying on centralized authorities. But how does this emerging concept fit with OAuth, the dominant authorization framework used today? What is Decentralized Identity (DID)? DID enables identity holders to create and manage their digital identifiers independently, often leveraging blockchain or distributed ledger technologies. Unlike traditional identities stored on centralized servers, DID provides: ...