Verifiable Credentials: What They Are, Why They Matter

Written by brian-platz | Published 2020/10/02
Tech Story Tags: decentralization | dids | digital-identity | verifiable-credentials | identity-verification | latest-tech-stories | cybersecurity | privacy

TLDR Decentralized identifiers (DIDs) can digitize the verification process with less risk to security than a paper or plastic document. Identity theft increased 46.4% between 2018-19. Verifiable credentials move beyond the need for a central authority will a new era of online trust, efficacy and even privacy dawn. The average organization pays $8.19M per data breach in the US, the average business pays $100,000-$500,000 in compliance with GDPR laws.via the TL;DR App

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Written by brian-platz | Co-CEO, Fluree PBC. Co-founder, Silk Road Technology.
Published by HackerNoon on 2020/10/02