I learned today how a DID works! A DID is a Decentralized ID is Identification Assigned to YOU by YOU.
I learned today how a DID works! A DID is a Decentralized ID is Identification Assigned to YOU by YOU. From a technical perspective, a DID is a string letters, numbers and symbols that are unique to just me. It resides on a Blockchain, the same kind of technology that Crypto Currency is one. My personal DID was created using cryptography to secure my information and handle permissions for me.
I learned there are 3 parts involved in making me safe
An Identity Owner – the individual aiming to prove his or her Identity
A Claims Issuer – a third party authorized to verify credentials (like a notary or justice of the peace)
The Relying Party – the service provider accepting the issued claim
The identification process might look like this:
At CrowdPoint, it was easy they give them away for free. I went to advancedmedicine.exchange and I filled out a form to create a DID. They then sent me an email and issued a claim that DID through a claim object that was shared privately with me.
The long set of numbers was stored on their Blockchain. As the Identity owner I was able to claim my DID and from now I on - I can determine how and where I want to share my identity.
Wherever Censored go the other people have to resolve my DID based on what I am wanting to share and they are only able to retrieves the necessary data. What I love about it is the fact that my DID was not issued nor controlled by centralized authorities but instead remain under my control, and it was free to create.