Decentralized Identity

Decentralized identity refers to a model of identity management that empowers users to control and manage their own personal identity data independently, without the need for centralized authorities or intermediaries. Unlike traditional systems where identity verification is handled by central entities such as governments or corporations, decentralized identity leverages technologies like blockchain to give individuals ownership and control over their personal information. This approach enhances privacy and security by reducing the risk of data breaches and fraud, as users are not required to share sensitive information with multiple third parties. Decentralized identity systems also enable users to selectively share their data, providing proof of identity while maintaining control over what information is disclosed and to whom.