Advancing Decentralised Identifiers3rd July 2022
Team #JNCTN is pleased to see that the World Wide Web Consortium (W3C) has chosen to advance the Decentralized Identifiers (DID) proposal. Google and Mozilla were notable in their objections citing:
1) the environmental impact of blockchain
2) citing a lack of interoperability within the DID ecosystem.
There can be no doubt that blockchain consumes much electricity, however, DIDs are not wedded to blockchain, allowing for web and ad-hoc distribution of credentials. The second point is harder to rebut simply, except to say, that this is a new technology, and it will take time for the best implementations to shake out. Much as it has been with any web technology.
What do you think? Is your business looking at DID technology, or interested to find out more about this rapidly establishing standard for secure and verifiable data exchange?
#did #verifiablecredentials #decentralization #decentralization #web3#web5 #credential #digitalwallet #identity #digitalidentity