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New player, new blockchain for decentralized digital ID management market
May 7, 2024, 10:15 p.m. | Abhishek Jadhav
Biometric Update www.biometricupdate.com
The blockchain-based digital identity market is becoming more crowded, with a new entrant in MicroStrategy and the gradual expansion of Worldcoin’s ecosystem.
A research paper published in April’s issue of the International Journal of Law and Policy highlights the drawbacks of a centralized identity management system, such as the risk of data breaches, lack of user control, and privacy concerns, highlight the need for a more secure and user-focused approach.
A decentralized identity system powered by blockchain technology offers a …
april biometrics news blockchain civil decentralized decentralized identifiers (dids) digital digital id ecosystem expansion financial services identity identity management identity verification international issue journal law management management system market microstrategy national id player policy research research paper risk system world chain worldcoin
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