Since 2017, Dock 's expert team has been building cutting-edge decentralized identity and Verifiable Credential technology. We created this complete guide on decentralized identity to explain what it is, how it works, and its many benefits to organizations, individuals, and developers.
TL;DR
1) Organizations: Issuing organizations can provide fraud-proof credentials and verifying organizations can instantly check the authenticity of credentials.
2) Individuals: Fully own and control their digital identity and credentials without relying on any third party to prove their claims.
3) Developers: Build user-centric apps that eliminate the need for passwords and inefficient authentication processes.
Not-so-fun facts:
But don’t get too down because there’s hope! As decentralized identity technology gains more adoption, people and organizations will be able to share data securely.
In a decentralized identity system, there is an issuer, holder, and verifier
Decentralized identity is a type of identity management that allows people to control their own digital identity without depending on a specific service provider.
A digital identity is the body of information about an individual, organization, or electronic device that exists online. Data that form a digital identity include:
A verifiable proof of existence is often needed for us to exercise our right as citizens to access essential services like healthcare, banking, and education. Unfortunately, 1 billion people in the world don’t have an official proof of identity. With decentralized identity systems, all you need is an internet connection and a smart device which are becoming more accessible in emerging economies.
You can sign in securely without a password for platforms that use Web3 ID technology.
These are the key advantages of decentralized identity for:
Organizations: Issue and verify fraud-proof credentials and documents instantly and reduce the risk of data breaches by storing less user information
Individuals: Own and control your digital identity with more privacy
Developers: Secure authentication sign-in for app users that eliminates the need for passwords and privacy-preserving user verification is used
Decentralized identity solutions come with many advantages for organizations including:
Being able to verify credentials instantly is beneficial for a variety of use cases including speeding up the hiring process and reducing the risk of hiring someone without the appropriate credentials.
Many organizations around the world must follow regulations on how they collect, store, and use user data. If they don’t follow the regulations, they can face penalties and sanctions for breaking the rules or data breaches.
The impact of data breaches on organizations:
Decentralized identities enable people to:
A decentralized digital wallet can be used on a phone to securely store your digital identity and credentials with encryption. This approach conceals data which greatly reduces the risk of credential tracking, hacks, and gaining unauthorized access to steal or monetize people’s data. With a decentralized identity, someone has to give authorization to share information when it is requested.
Verizon’s email hacking statistics show that phishing attempts are responsible for 80% of malware infections and almost 95% of all espionage attacks. Also, Facebook has had many data breaches since it was launched. In one instance, [540 million records were exposed in a Facebook data leak](https://techcrunch.com/2019/04/03/facebook-records-exposed-server/#:~:text=In the researchers'%20write%2Dup,anyone%20to%20access%20the%20data.), which included Facebook IDs, passwords, Facebook friends, photos, and check-ins. This data is a gold mine for hackers planning phishing scams and social engineering attacks.
With a decentralized identity, passwords don’t exist. Rather cryptographic keys are used to authenticate users when they sign in. You could sign into a website with your Decentralized Identifier data instead of a user name. Basically, you only need to share the information that’s relevant and necessary to access each service.
Decentralized identity solutions help developers by:
Imagine shopping on sites that don’t need to build up and store personal details including credit card information. Instead, your verified payment and shipping information is securely transmitted from your decentralized identity wallet.
Or if someone wants to apply for a loan application, instead of finding all the paperwork, they can give permission to the bank to instantly receive all of the relevant information to show that they are eligible for a loan, including their salary, address, and name.
自2017年起，Dock的专家团队一直在构建尖端的去中心化身份和可验证凭证技术。我们创建了这个完整的去中心化身份指南，以解释它是什么，它是如何工作的，以及它对组织、个人和开发人员的许多好处。
TL;DR
1) 组织： 发放机构可以提供防伪证书，验证机构可以立即检查证书的真实性。
2) 个人： 完全拥有并控制自己的数字身份和证书，不依赖于任何第三方来证明自己的声明。
3) 开发人员： 构建以用户为中心的应用程序，消除密码和低效的身份验证过程的需要。
不太有趣的事实：
但不要太沮丧，因为有希望了！随着去中心化身份技术越来越受到采用，人们和组织将能够安全地共享数据。
在去中心化身份系统中，有发行者、持有者和验证者
去中心化身份是一种身份管理类型，使人们能够控制自己的数字身份，而不依赖于特定的服务提供商。
数字身份是有关个人、组织或电子设备的信息体，存在于在线上的。形成数字身份的数据包括：
通常需要可验证的存在证明，以便我们作为公民行使我们的权利来访问基本服务，如医疗保健、银行和教育。不幸的是，全球有10亿人没有官方身份证明。随着去中心化身份系统的发展，您只需要一个互联网连接和智能设备（这在新兴经济体中越来越普及），就可以获得数字身份。
对于使用Web3 ID技术的平台，您可以安全地签入而无需密码。
以下是去中心化身份的关键优势：
组织： 发放和验证防伪证书和文件，可以即时减少存储少量用户信息的数据泄漏风险。
个人： 拥有和控制数字身份，拥有更多隐私。
开发人员： 为应用程序用户构建安全的身份验证登录，消除密码和保护用户隐私的低效用户验证。
去中心化身份解决方案对组织有许多优点，包括：
即时验证证书对于许多用例都有益处，包括加速招聘流程和减少因未掌握相关证书而雇用不合格人员的风险。
世界上许多组织必须遵守有关收集、存储和使用用户数据的规定。如果他们不遵守规定，他们可能会因违反规则或数据泄露而面临罚款和制裁。
数据泄露对组织的影响：
去中心化身份使人们能够：