Decentralized Identifiers (DIDs) v1.0 becomes a W3C Recommendation
July 19, 2022
A significant milestone for the future of online privacy was reached this week when the World Wide Web Consortium (W3C) announced that the Decentralized Identifiers (DIDs) v1.0 has been made an official standard.
DIDs are an important building block for the next phase of internet where individuals will be able to take ownership and control of their own data. This new decentralized approach differs from centralized approaches today where an individual’s data is stored and replicated in many centralized systems that are instead controlled by the organizations where we shop or transact online.
DIDs will enable individuals and organizations to trust one another and transact online in ways that are better for everyone involved. Organizations will be able to achieve their business objectives by serving their end users online through digital experiences that are more convenient, secure and trust-affirming. Individuals will be able to transact online using simple and safe methods that don’t put their data at risk.
To learn more feel free to contact us or check out the W3C Announcement.