With the fast advancements being made on the internet’s infrastructure, digital identity will be one of the areas where major changes will take place in the coming future. Web3 and the Metaverse need a decentralized identity management system that ensures identity security for its users.
The launch of SelfKey 2.0 commences with a simple design update to the SelfKey website, which underlines the new mission statement of “KEY to the Metaverse.” However, this is a huge step as SelfKey 2.0 may help position SelfKey as a prominent project that strengthens and/or provides the identity layer for the Metaverse.
With the emergence of Web3, next-generation digital Identity management can become a completely decentralized peer-to-peer networking system. SelfKey is creating a digital identity system that is self-sovereign in nature, designed to bring back control of identity to users.
China’s Social Credit System is set to roll out this year and could majorly impact digital identity. Here’s everything you need to know.
A lot happened in 2019. In this article, we highlight the highs and lows of identity management, and where the future is taking us.