Altcoins News

Story: IOTA Creates Digital Identity Implementation in Neutral Environment Where No Parties Will…

By Steven Anderson

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IOTA continues its mission of redefining trust, value, and ownership with a foundation that provides for the permissionless ecosystem.

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The IOTA foundation has taken its first step towards a "Unified Identity Protocol" This is a protocol meant for digital identity implementation, which is built on Tangle.

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The paper talks about how important it is for people in an organization to have a shared layer of trust.

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The estimation of identity provided by Facebook and Google, according to the IOTA blog post, might be inaccurate.

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The line of criticism propelled further by stating that these companies build their business model based on this information and that impersonation and fraud are common in these…

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There is less room for fast, cheap, and trustworthy identification methods.  When it comes to the business-customer relationship, the concept of identification is solved by…

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Several proposals have been drafted by the W3C (World Wide Web Consortium) for Digital Identity Standards, which will be enabled by Distributed Ledger Technology (DLT).

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IOTA is focused on creating a neutral environment in digital identity implementation as opposed to permissioned DLT or DLT that has profit-seeking consensus.

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IOTA will become the invisible trust infrastructure for everyone and everything when the Unified Identity Protocol is added.

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IOTA has stated that they will be releasing a series of blogs in the year 2020 about how the Unified Identity will affect different industrial sectors.

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