Decentralized ID is the next killer Web3 use case: Cardano sustainability lead

Blockchain needs more non-speculative use cases to onboard the next billion mainstream users.

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Privado ID spinoff takes identity control solution beyond Polygon

Polygons zero-knowledge self-sovereign identity solution looks to provide privacy with assured authenticity.

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Blockchain can help eliminate cybercrime threats

Cybercrime is a growing scourge that shows no signs of slowing down anytime soon without a serious game changer to stem the tide.

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Regulators are cracking down on financial privacy, but ZK-proofs can help

The convergence of ZK-proofs and decentralized identity systems could create more compliant privacy-preserving protocols, without sacrificing user privacy.

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Web3.bio Partners with Sign to Enhance Decentralized Identity Solutions

Web3.bio teams up with Sign to boost decentralized identity verification using advanced technologies, aiming to revolutionize Web3 profile management and social reputation. (Read More)

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Italy’s central bank calls for framework to prevent stablecoin runs

Italy’s top banking authority has called for a “robust, risk-based” regulatory framework for stablecoins, which could help prevent a worst case scenario — a “run” on stablecoins. The central bank’s recently released Markets, Infrastructures and Payment Systems report for June 2023 has called on regulators to apply the same financial conduct standards to stablecoin issuers [...]

The post Italy’s central bank calls for framework to prevent stablecoin runs appeared first on Crypto Breaking News.

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Ethereum Co-Founder Vitalik Discusses Worldcoin's Biometric Proof of Personhood

Ethereum's Vitalik Buterin explores Worldcoin's biometric proof-of-personhood, discussing its potential value, applications, and challenges such as privacy, accessibility, and centralization. (Read More)

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Decentralized Bitcoin-Focused Social Media App Zion May Use Nostr In The Future

From identity to data, Zion’s CEO explains how they envision the app expanding going forward. The recent introduction of the decentralized social media protocol Nostr took the distributed technology world by storm. Even Block CEO Jack Dorsey has espoused his fondness for the protocol, encouraging its usage, funding development and using it himself exceedingly often. [...]

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Equifax—known for huge data breach—is building a Web3 KYC solution

Equifax, which suffered a huge data breach in 2017, has partnered with privacy-centric blockchain company Oasis Labs for a decentralized ID offering for Web3 companies.

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Koreans to have access to blockchain-powered digital IDs by 2024

Under the plan, the blockchain-powered ID would be fully decentralized, meaning the government won't be able to see how or when the ID is being used.

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Decentralized ID the key to mainstream DeFi adoption—Quadrata co-founder

Decentralized identities would open Web3 to a range of services requiring personal information and allow platforms to offer tailored products, according to the CEO of Quadrata.

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Decentralized Identity: What Does It Mean and How Is It Managed In Blockchain?

Using a decentralized identity, individuals gain control of their personal information and provide only the information required to be verified.

Continue reading Decentralized Identity: What Does It Mean and How Is It Managed In Blockchain? at DailyCoin.com.

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How decentralized identities can save us from surveillance capitalism in Web3

The dawn of the metaverse raises new questions about user protection and data-driven advertising.

The post How decentralized identities can save us from surveillance capitalism in Web3 appeared first on CryptoSlate.

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NFT3 raises $7.5 million to introduce DIDs and NFTs to the metaverse

NFT3, a virtual identity network for Web3, has completed a $7.5 million seed funding round led by Animoca Brands.

The post NFT3 raises $7.5 million to introduce DIDs and NFTs to the metaverse appeared first on CryptoSlate.

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How Decentralized Identifiers And Bitcoin Fix The Web

Decentralized Identifiers (DIDs) built on the immutable ledger of Bitcoin can empower users to secure their own personal data on the web.

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In Denouncing Bitcoin, Mozilla Undermines Ethical Web Principles

In denouncing Bitcoin’s proof of work and Decentralized Identifiers, Mozilla’s Tantek Çelik undermines the W3C’s own ethical web principles.

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OpenAI co-founder’s ‘World ID’ project launches, along with SDK waitlist

Crypto unicorn Worldcoin has launched a waitlist for its “World ID” software development kit (SDK) — which will allow websites to verify the uniqueness and humanness of its users without storing their personal information.  The company has also launched the World ID software itself, allowing end users to obtain their “World ID” immediately, according to a [...]

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Centralization and the authoritarian threat to privacy Web3 exec

Threat actors using artificial intelligence and scalable quantum computers will see centralized information systems as a honeypot.

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ZK-proofs are more affordable than legacy ID systems Cysic founder

According to World Bank data, an estimated one billion individuals worldwide lack official identification credentials.

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Blockchain fixes misuse of biometric data Privado ID founder

Because biometric data cannot be replaced, storing the data requires the highest levels of security, Evin McMullen told Cointelegraph.

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