Sovereign id has been a sizzling subject in blockchain and cryptocurrency, particularly with the rise of the creator financial system. Currently, there are two sorts of digital identities. The first is federated and centralized, whereby information is in the management of the service supplier, whereas the second is self-sovereign digital id. The later is commonly cited as a human proper that may reclaim company utilizing blockchain expertise, however what frameworks exist that assist in governing it?
On this episode of NFT Steez, co-hosts Ray Salmond and Alyssa Exposito meet with Marjorie Hernandez, the co-founder of Lukso and The Dematerialized, to debate the state of blockchain-based identities and “Universal Profiles.” According to Hernandez, “everything will have a digital identity” in the future
Onboarding into the digital realm needs to be frictionless for sovereign Universal Profiles
During the interview, Hernandez defined the paradigm shift between centralized platforms to a extra “platformless future” and careworn that customers should be in management of their identities and creation on extra “agnostic platforms” the place they will personal their mental property by way of Universal Profiles.
Lukso’s integration of Universal Profiles allows customers and creators to reclaim their identities and situation their mental property in a symbiotic method between creator and consumer. According to Hernandez, the Universal Profile will be seen as a private working system whereby one can authenticate themselves but additionally ship, obtain and create belongings.
As Hernandez places it, Universal Profiles are:
“A Swiss Army-type tool that is serving so many purposes for the user.”
Related: Web3 is essential for information sovereignty in the metaverse
Blockchain-based identities in Web3
Understandably, the emphasis on id inside Web3 started to spark up once more when 2D profile-picture NFTs started to emerge. This surge was framed as a way to signify and establish oneself, in addition to a flex, or an expression of ego. For some, their bodily and social identities have been traded for his or her newly adopted digital avatars.
However, Hernandez argued that whereas some understand digital as masking one’s true self, folks will likely be emboldened “to move beyond these predispositions” and specific their “true real self” in a “decentralized digital environment.”
The foundation of Hernandez’s thesis is that blockchain-based id shouldn’t be solely verifiable however provides customers 100% management of their information, id and IP.
When requested by a listener what communities needs to be doing to make sure the requirements surrounding self-sovereignty and that customers are not “consumers” however energetic co-participants in the ecosystem, Hernandez merely famous:
“I think it’s just being co-creator, right? And you start building with it.”
To hear extra on this dialogue, make certain positive to hearken to the full episode of NFT Steez on the new Cointelegraph Podcasts web page or on Spotify, Apple Podcasts, Google Podcasts or TuneIn.