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Bigger than NFT? Permissionless decentralized identity on all major blockchains
The ambitious DPoS blockchain project Hydraledger developed a self-sovereign identity framework based on W3C standards to provide SSI solutions, store schemas, decentralized identifiers (DID), keys, rights, and proof timestamps on a ledger for public verification while keeping verifiable credentials (VC) off-ledger. This gives people complete control over their data while maximizing privacy. Decentralized identifiers (DIDs) are a new type of identifier that enables verifiable, decentralized digital identity for anything like a person, organization, thing, data model, abstract entity, etc. Verifiable credentials are a part of our daily lives; driver’s licenses are used to assert that we are capable of operating a motor vehicle, university degrees can be used to assert…