Too Long; Didn't Read
The Verizon Data Breach Investigations Report 2020 found that 86% of breaches were financially motivated. Verifiable credentials, decentralized identifiers (DIDs), and blockchain all use cryptography to prevent the manipulation of data. Each uses cryptography to secure data, and how they work together will prepare organizations not only to better secure their data but for the Web3 future of the entire internet. The problem is changing the way that credentials travel online, and the way the data is encrypted. The solution involves changing the data packet itself.