IOTA has declared that it is working to develop a Digital Identity system on IOTA. Branded as Unified Identity Protocol. The digital identity protocol, to be built on the Tangle, establishes the basis for trusted interactions and servers as enablers of the Economy of Things.
In a published whitepaper branded as The Case for a Unified Identity”, IOTA explains its vision for the Digital Identity system on Tangle.
The whitepaper offers insights on the subject and details why those in need of a robust Digital Identity system should use a shared layer of trust.
The solution proposed by IOTA will reinforce the Self Sovereign Identity (SSI) and offers a straightforward control over identity creation and management.
IOTA proposed solution comes with an additional verifiable credentials that build up a digital identity, while also offering a digital form of proof of physical properties.
The IOTA Digital Identity Solution when finally active will serve as a nexus between the virtual and physical worlds. It offers to bring a solution to the age-long limitations for the internet identification system.
The IOTA protocol is designed with “Data Protection and Privacy” in mind and complies with the privacy and data management laws put in place across the globe i.e. the European General Data Protection Regulation (GDPR).
IOTA’s Digital Identity system will offer the ability to prove real-world attributes on the internet.
As the solution has IOTA as its backbone, the protocol forms a trustworthy and neutral system for identification on the net.
With the solution, no one controls its activity since it wont have any form of access control, meaning it is a decentralized protocol.
The network, when launched, will be permissionless, feeless and public, giving anyone the advantage to participate.
The protocol get a robust quantum, real-time and highly scalable since it is going to be on IOTA Tangle.
IOTA is suitable for digital identity system, the Decentralized Identifiers (DID), which partnered with the world’s first vending upgrade toolkit, is built on IOTA Tangle.