An Introduction to Decentralized Identity Solutions
March 25, 2021, 10:08AM EDT · 10 min read
- Decentralized identity solutions that leverage blockchain technology are challenging centralized identity management paradigms.
- Identity issuers, holders, and verifiers could all stand to benefit by moving ID management processes onto distributed ledgers and blockchains.
- While product experimentation is still underway, ID holders, application development companies, and blockchain consulting companies are well positioned to capture value should decentralized ID solutions achieve product market fit.
Ontology is a high performance, open source blockchain specializing in digital identity and data. Ontology’s unique infrastructure supports robust cross-chain collaboration and Layer 2 scalability, offering businesses the flexibility to design a blockchain that suits their needs. With a suite of decentralized identity and data sharing protocols to enhance speed, security, and trust, Ontology’s features include ONT ID, a mobile digital ID application and DID used throughout the ecosystem, and DDXF, a decentralized data exchange, and collaboration framework.