Decentralized ID presents opportunity to tackle identity verification challenges

Almost all organizations (97 percent) are currently encountering challenges with identity verification, according to a survey conducted by Ping Identity. The report emphasizes the need for advanced identity verification solutions. The report shows that to address this issue, decentralized identity is being recognized as an opportunity, with adoption increasing from 13 percent last year to 38 percent this year.

Decentralized identity management systems allow individuals to maintain control over their own identity information without depending on a …

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