What are Decentralized IDs and why is Microsoft involved?!

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Added by allcryptostaff
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Have you heard of Decentralized identity systems before? Essentially everything we do today relies on Centralized Identity systems. This poses a lot of challenges due to the easy nature of breaches, loss of privacy/control, and other considerations. That's why many people are completely rethinking digital identity as we know it and building new decentralized platforms to alleviate some of those nagging problems. Microsoft in particular with their ION project is leading the charge here. In this video I'll share with you what DIDs are, reasons for wanting them, common benefits, and what Microsoft itself is building here. This is a very concise and quick overview so give it a watch!

Also as for our patron's shout out, you can visit them at: https://crypto.com

#DID #DecentralizedID #ION
Category
Crypto 101

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