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Wednesday, February 13, 2019

Identity On The Blockchain

Nowadays, personal data is not as personal as it once used to be. Major companies are selling data for huge profits and leaks happen all too often. Still, people are entering their personal data everywhere, as it has plenty of uses. So why hasn't EOS, or any other major cryptocurrency, properly implemented a self-sovereign identity system yet? After all, blockchains are borderless and limitless.A digital identityTraditionally, ones identity is kept within government issued documents, such as a passport or drivers license, or kept safely within heavily secured government systems. But technological advances have caused identification to be something much more abstract. Digital identities are the next step in personal identification, although they also bring a whole host of new problems with them. Which information defines a user? And how little information is needed to still ensure an online identity is tied to a certain person?A digital identity is (all) digital information associated with a certain identity.


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