Beeple’s DIFFUSE CONTROL debuts at The Shed
Beeple’s DIFFUSE CONTROL debuts at The Shed
Beeple’s DIFFUSE CONTROL debuts at The Shed
Beeple’s DIFFUSE CONTROL debuts at The Shed
Beeple’s DIFFUSE CONTROL debuts at The Shed
Beeple’s DIFFUSE CONTROL debuts at The Shed
Beeple’s DIFFUSE CONTROL debuts at The Shed
Important identity documents, such as driver’s licenses and birth certificates, are often stored in physical forms, which are vulnerable to damage and loss. They are also prone to human error during verification and normally take a long time to issue or renew. Even worse, when we need to share credentials online, like photos of our passport, the methods we use are prone to being intercepted, faked, or cause us to share more information than required, raising privacy concerns.
In addition, we frequently rely on email addresses or social logins to access digital services like bank accounts, healthcare records, government services, or even online shopping—all at the cost of handing over control of our personally identifiable information (PII). This not only often gets sold to third parties without our consent, but also frequently becomes subject to mishandling and data breaches. The convenience of centralized identity services comes at the cost of security and privacy, leaving our data at risk. But there’s a better way. Self-Sovereign Identity (SSI) can transform the way we share information and improve privacy in important aspects of everyday life. Just over a year ago, we published a blog post that describes Self-Sovereign Identity (SSI) and its implementation on the Oracle Blockchain Platform (OBP). If SSI is new to you, then you likely want to start there. This post briefly re-introduces SSI but quickly dives deeper into more recent developments: anonymous credentials in the context of healthcare, performance and security improvements, and integration of more recent advances and protocols.
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Zora launches token system for creators and social content
A strong anchor for decentralized identifiers or DIDs enables them to be linked with a set of claims called Verifiable Credentials or VCs. Users (Holders) retain the actual claims in their wallet and present them to Verifiers (a.k.a. Relying Parties) along with signatures allowing Verifiers to ensure that claims originate from the specified Issuers and are about the Holders who present them to the Verifier. In other words, users decide what information to share and with whom, which is at the heart of self-sovereign identity.
Oracle’s VDR solution in Oracle Blockchain Platform leverages Hyperledger Fabric’s immutable ledger and smart contracts to securely anchor public cryptographic material for Self-Sovereign Identity (SSI) applications. The cryptographic verifiability enabled by the blockchain enables organizations to meet higher Identity Assurance Levels (IAL) as defined by NIST SP 800-63-3 and to align with the EU eIDAS Regulation for electronic identification, ensuring the authenticity, immutability, and provenance of decentralized identity data across global ecosystems.
