Elevator Pitch
Decentralised apps have become an innovative method of delivering decentralised services and solutions in recent years. However, the lack of a reliable, effective, and user-friendly identity management solution is one of the main obstacles to the adoption of dApps. Decentralized identity is the sol.
Description
Decentralised apps (dApps) have become an innovative method of delivering decentralised services and solutions in recent years. However, the lack of a reliable, effective, and user-friendly identity management solution is one of the main obstacles to the adoption of dApps. Decentralised identity enters the picture here.
A blockchain-based identity management system called decentralised identity (DID) gives people authority over their digital identities while also preserving their privacy and security. DApps Soul is a decentralised identification and domain name system that is intended to operate with all blockchains. This essay examines the increasing significance of decentralised identity and the part DApps Soul will play in determining the direction that identity management will go in the decentralised ecosystem.
Need for Decentralized Identity: Identity management systems must be safe and effective in order for the world to grow more and more digital. Traditional identity management solutions, on the other hand, are centralised, placing user privacy at danger from hackers and data breaches. The absence of interoperability in centralised identity management makes it challenging for users to maintain their identities across many platforms and services.
Decentralised identification provides an answer to these problems. DID is a self-sovereign identification system that gives individuals authority over their digital identities, enabling them to safely and effectively manage their personal information. DID reduces the possibility of hackers and data breaches by doing away with the requirement for centralised identification authority. It has the potential to completely change how users engage with dApps and maintain their digital identities because of its adaptability and cutting-edge capabilities, which make it a leading solution in the decentralized identity sector.
Decentralised domains are based on blockchain technology and run independently. They are often referred to as blockchain domains or crypto domains. These domains are registered on a blockchain and are entirely owned and governed by its users, as opposed to being under the jurisdiction of a single entity. This makes them the future of online real estate since they have several benefits over conventional domain names.
Security is a major benefit of decentralised domains. These domains are immune to hacking and manipulation since they were created using blockchain technology. Additionally, because they are entirely governed and owned by their users, there is no chance of domain confiscation or censorship by a centralised authority. They are therefore a safer and more dependable choice for organisations and people wishing to create an online presence.
Decentralised domains also provide the benefit of user control. Decentralised domains are entirely owned and governed by their users, in contrast to conventional domain names that are bound by the laws and regulations of centralised authority. As a result, users have more control over their online presence since they may establish their own rules and regulations for their domain.
Decentralised IDs are the way of the future for online real estate, to sum up. They provide a more user-controlled, cost-efficient, and secure alternative to conventional domain names. We can anticipate seeing an increase in the number of organizations and individuals using decentralised domains as a method to create a powerful and secure online presence as the internet continues to develop and become more decentralised.
Notes
Hello, I am Sahitya Roy Developer Community Specialist. I love to talk about communities & hackathons and have been actively involved in the space for 2+ years now! Organized multiple In-person Events across India.
I am a Developer Relation Engineer at Dapps.co, CoFounder of Eduhub Community, Lead Organizer AceHack2.0 (In-person Hackathon).
I am working on the decentralized domain (DID) in dapps it’s built on top of Zero-knowledge proof, currently I am working on 5ire domain to help blockchain developers and the community, I am a person who is guiding the community about web3 and taking lots of session and hackathon on web3 space.