...
Decentralized Identity Documents ( DID ) are a standard way to define a Self Sovereign Identity.
Potential Benefits for Digital Identities
Benefits for Individuals
- User managed data privacy controls for identity, credentials
- Better protection for identity and data theft
- Optional automated consent history
- Better service and efficiencies
- Simpler compliance with regulations & standards
- Improved transparency & accuracy using blockchain history
- Easier identity & credentials proof sharing with less data sharing from wallet applications
- Improved reliability with automated agents, secure digital wallets
- Support for digital identity & credentials recovery
Benefits for Organizations
- Foundation for other Digital Government services
- Automatically verifiable identities and credentials
- Improved service levels and times for users, firms
- Improved cost, resource efficiencies for State agencies
- Verifiable digital signatures for transactions, documents
- Improved security & data privacy
- Simpler compliance with regulations & standards
- Improved transparency & accuracy using blockchain history
- Fraud reductions possible
Decentralized Identity Document ( DID )
...