Since the last 30 years the Internet has evolved tremendously and changed the world as we know it in the process. The first version of public Internet or as we call it Web 1.0 was a place where Internet users could consume content. The second version Web 2.0 allowed users to create and consume content.

However, we now live in the world of Web 3.0 where Internet users take back the control of their data and can own content through the use of Blockchain Technology.

Though Web3 is still in early stages, as it will grow to dominate the larger part of the Internet in the coming years, the identity of users on the Internet will play a major role in the evolution of the experiences of users online.

Digital Identity Today

A digital identity in today’s world is like a human identity consisting of various data attributes and credentials that represent a person in an online world like the website they browse, their login credentials, their financial data, etc. However there are a lot of problems and risks in the way identities are managed in today’s world.

For example:

Identities and their data are prone to hacks and security breaches leading to a loss of confidential and important personal data of people.

Identity theft of individuals leading to a destruction of their financial and legal well being.

Financial and other frauds through the use of fake identities.

Identity data mismanaged and exploited by large organisations.

However, these problems can be solved through the use of Blockchain for the creation and management of identities and this is what DSI Protocol is doing for users.

The Future of Digital Identity: DSI Decentralised Identities

The future of identities is decentralised. DIDs or Decentralised Identities are decentralised ways to use Blockchain technology for creating, issuing and managing identities over Web3.

DIDs are human identities who own their data and credentials across the web so that it can't be exploited by large organisations. The decentralised identities issued by DSI can not only be used to own and safeguard their digital data but can also be used to represent their social ecosystem to the world of Web3.

DIDs issued by DSI have a lot of advantages over centralised identities issued by governments and organisations like:

Ownership and control of identities which safeguard the data and protect users against data breaches and identity theft.

Organisations can use these identities to build a fraud proof ecosystem by verifying the identities in a private and secure environment and a permissionless way.

DSI is the best way to secure identities for users as well as build trust among their minds if used by financial and other organisations.

The future of the Internet and identities may be far ahead but these solutions built by Web3 organisations are helping to solve the real issues with the Web2 ecosystem that exists now.

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