Last time in the #PollenDictionary we learnt in depth about Web3.
22 Sep 2023, 16:32
📕Last time in the #PollenDictionary we learnt in depth about Web3. Now it is time to learn about what a identity is and how this identification system works.
Web3 identity systems often involve the use of blockchain-based authentication methods, where users have control over their private keys and can use them to access decentralized applications (dApps) and services.
These systems prioritize user privacy and data sovereignty. Here's how
Web3 promotes the concept of self-sovereign identity, where users have full ownership and control over their digital identities. This means users can create, manage, and revoke their identities without relying on central authorities. Self-sovereign identity allows users to decide what personal information they share and with whom.
Web3 identification does that by consent mechanisms and blockchain-based authentication that require explicit user consent before accessing or using their data. Users can grant or revoke access at any time, enhancing their control over data sharing.
Web3 often employs DIDs also known as decentralized Identifiers, which are cryptographically secure identifiers anchored on blockchain or distributed ledger technology. DIDs are under the user's control, ensuring that individuals, not third parties, govern their identity. Users can choose which aspects of their DID to disclose and to whom.
As a crucial part of the Web3 identity, we'll explain more about them in the next edition.
Another plus is that Web3 revolves around user-centric data management, where users retain control over their data and it's decentralized nature doesn't allow third parties to gain access to it.
And it doesn't stop with just data management. Contradictory to Web 2.0, Web3 platforms prioritize user-centric design, focusing on empowering individuals rather than extracting value from their data. This philosophy drives the development of privacy-preserving technologies.