current position:Home>What does Web3 mean for digital identity?

What does Web3 mean for digital identity?

2022-08-02 16:37:02Deep wave TechFlow

Written by: gaby.eth

Compile: TechFlow intern

In the early days of the Internet, identities were created through domain names, screen names, and email addresses.Over the past decade, we've adopted social profiles on multiple platforms (I'm one identity on Twitter, another on Facebook, another on Instagram, etc.).

The internet has not built a native identity layer for people - that's why we see identity relegated to apps and websites.This worked in the early days of the internet, but now that billions of people are online, its drawbacks are becoming more apparent.

Identity in Web3 is based on the idea that everyone who is online will have a unique identifier (such as an email address) stored on the blockchain.It will be user-owned, backed by on-chain data, and have the ability to link natively with any software.

In this mode, cryptocurrency wallets can be thought of as almost a "profile" - everyone has a unique history to observe.

We have seen that Web3 authentication has penetrated into games (Branch), digital fashion (DRAUP, TRIBUTE BRAND), brands (FLAMINGO, Arkive), qualification certificates (Rabbithole) and more.

I love this image created by Shrey Jain that outlines what is going on with on-chain identity.

Look at a few of these categories - platform categories like Oncyber and Gallery that capture and contextualize on-chain objective data related to personal identity.

Similarly, we are seeing real-world companies leveraging on-chain data, such as Prada.

Platforms like Snapshot and Tally allow communities to measure the engagement of members within an organization.

Whereas platforms like Rabbithole and Layer3 are more consumer-facing, helping users build on-chain "reputation scores" by completing tasks or bounties for different projects and protocols.

This has major implications for future work.This makes teams unencumbered by age, national borders, and other physical attributes, allowing anonymous contributors to build their on-chain credibility and reputation.

Identity also unlocks another feature, which brings endorsements.Platforms like Disco help connect off-chain and on-chain data in a holistic, human-centric, and verifiable way.

My friend Divine outlines all of this precisely in his work "You Are What You Own":

It all starts to get really interesting when we see our wallet as our identity.In addition to holding assets (such as credit cards or ETH balances), your wallet can also contain passes, loyalty cards, and more.

I recommend Jaydrainjr.eth's article on wallets to everyone I know, this article is super meaningful here, like the picture below:

Just last week, Mirror officially announced Web3 subscriptions, allowing readers to subscribe to any Mirror publication with their wallets and be notified of new content.

"The future of the community is a crypto-native wallet".

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